This statistic shows the main import partners of Saudi Arabia in 2023. In 2023, China was the most important import partner of Saudi Arabia with a share of 21 percent in Saudi Arabia's total imports. Saudi Arabia's trade policy Imports have been increasing steadily in Saudi Arabia over the last few years, but reduced a bit in the last year. This is likely due to the country having less disposable income because of falling crude oil prices in the region, resulting in slight reductions in export revenue. At present, the main import partners for Saudi Arabia include China, the United States, India, Germany, South Korea and Japan. All of these countries are located outside of the region, just like the leading export recipients. Almost all of Saudi Arabia’s import partners are also the country's main export partners, with the exception of Germany and Singapore. In general, it is obvious that Saudi Arabia supports bi-lateral trade opportunities on an international scale, but exclusively with countries from outside the region. This has been a source of resentment from neighboring countries, who have opposed the role of the United States in the Middle East, for example. Presently, with the war in Syria, tensions are rising due to differing opinions about what to do and who to support in the region - especially regarding relations with Iran. While these tensions will most likely not affect Saudi Arabia’s established trading relationships, they could cause further instability in the region and throughout the world.

Techsalerator’s Import/Export Trade Data for Asia

Techsalerator’s Import/Export Trade Data for Asia offers a comprehensive and detailed examination of trade activities across the Asian continent. This extensive dataset provides deep insights into import and export transactions involving companies across various sectors throughout Asia.

Coverage Across All Asian Countries

The dataset encompasses a broad range of countries within Asia, including:

Central Asia:

Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan East Asia:

China Hong Kong Japan Mongolia North Korea South Korea Taiwan Southeast Asia:

Brunei Cambodia East Timor (Timor-Leste) Indonesia Laos Malaysia Myanmar (Burma) Philippines Singapore Thailand Vietnam South Asia:

Afghanistan Bangladesh Bhutan India Maldives Nepal Pakistan Sri Lanka West Asia (Middle East):

Armenia Azerbaijan Bahrain Cyprus Georgia Iran Iraq Israel Jordan Kuwait Lebanon Oman Palestine Qatar Saudi Arabia Syria Turkey United Arab Emirates Yemen Comprehensive Data Features

Transaction Details: The dataset includes detailed information on individual trade transactions, such as product descriptions, quantities, values, and dates. This level of detail allows for accurate tracking and analysis of trade patterns across Asia.

Company Information: It provides insights into the companies involved in trade, including their names, locations, and industry sectors. This information supports targeted market analysis and competitive intelligence.

Categorization: Transactions are categorized by industry sectors, product types, and trade partners, helping users understand market dynamics and sector-specific trends across diverse Asian economies.

Trade Trends: Historical data is available to analyze trade trends, identify emerging markets, and assess the impact of economic or geopolitical events on trade flows within the region.

Geographical Insights: Users can explore regional trade flows and cross-border dynamics between Asian countries and their global trade partners, including major trading nations outside the continent.

Regulatory and Compliance Data: Information on trade regulations, tariffs, and compliance requirements is included, assisting businesses in navigating the complex regulatory environments across different Asian countries.

Applications and Benefits

Market Research: Businesses can use the data to identify new market opportunities, assess competitive landscapes, and understand consumer demand across various Asian countries.

Strategic Planning: Companies can leverage insights from the data to refine trade strategies, optimize supply chains, and manage risks associated with international trade in Asia.

Economic Analysis: Analysts and policymakers can monitor economic performance, evaluate trade balances, and make informed decisions on trade policies and economic development initiatives.

Investment Decisions: Investors can assess trade trends and market potentials to make informed decisions about investments in Asia’s diverse and rapidly evolving markets.

Techsalerator’s Import/Export Trade Data for Asia provides a vital resource for organizations involved in international trade, offering a detailed, reliable, and expansive view of trade activities across the Asian continent.

Get data on the agri-food trade by region. This statistical dataset shows agri-food exports and imports between Ontario and major trading partners such as: * The United States * Mexico * Latin America (excluding Mexico) * Caribbean * The European Union * Western Europe * Eastern Europe * Middle East * Africa * Japan * Asia (excluding Japan) * Oceania

China was the largest producer of oil in the Asia-Pacific region, as the country produced over four million barrels of oil per day in 2023. In the same year, India produced the second-highest amount of oil, producing 728 thousand barrels per day. China and the oil industry On a global level, crude oil is the most consumed primary energy type, closely followed by coal. While China is the largest producer of oil in the Asia-Pacific region, it also has the highest oil consumption among the region's countries. China's consumption of crude oil is more than two times higher than its production. As the country's oil reserves are not sufficient to cover its demand, a big share of the oil is imported for further processing. The largest oil trading partners of China are countries in the Middle East, led by Saudi Arabia. The importance of oil in the Asia-Pacific region Oil is not only of high relevance in China. Other countries in the Asia-Pacific region also have a high dependence on the resource. Petronas, the government-owned oil and gas company from Malaysia, is the most valuable brand of the country. As Malaysia’s oil and gas resources are exclusively owned by Petronas, this shows the importance of the industry in the country. Oil also was the most consumed primary energy in the Philippines, but due to low domestic oil reserves, the country has to import a significant share of its crude oil from Middle Eastern countries. While the oil production of Vietnam meets approximately two-thirds of its domestic consumption, the country also exports a significant amount of the resource to other countries. The leading market for importing crude oil from Vietnam is currently Thailand, followed by Australia.

Canada is the main source country for petroleum imported into the United States. In 2024, the United States imported around 4.7 million barrels of petroleum per day from its northern neighbor. Oil trading with Canada increased more quickly in the 2010s when strides made in unconventional oil extraction allowed for the large-scale mining of oil sands. By comparison, petroleum trading with Venezuela notably declined since the year 2000. In fact, the U.S. did not purchase any crude oil or oil products from Venezuela between 2020 and 2022. However, in 2024 Venezuelan petroleum imports reached some 232 thousand barrels per day. Crude oil reserves As of 2023, global crude oil reserves were estimated to be around 1.6 trillion barrels. This is the amount of oil that can be extracted in the future under current economic and operating conditions. Most of the proved oil reserves in the world are found in the Middle East, although the share of proved reserves in Central and South America has increased the most since the 1990s. Uses of petroleum Petroleum is a versatile raw material that can be refined into transportation fuels or used as a feedstock within the petrochemical industry. Gasoline is the most commonly produced petroleum product. U.S. refinery production of conventional motor gasoline reached 1.4 million barrels per day in 2021. Most refineries in the U.S. are located on the Gulf Coast close to productive oil basins such as the Permian and ports for shipping.

In 2023, the crude oil inventory volume in Japan amounted to approximately 30.2 thousand kiloliters, an increase from about 27.6 thousand kiloliters in the previous year. The crude oil demand in the country is mainly covered by imported products, with Middle Eastern countries being major trading partners.