Saudi Arabia

Compare Saudi Arabia →

SA · SAU · BACI 682 · latest data 2024

Exports

$308.3B USD, nominal · 2024

= $308,306 M19.9% over 5 yrs (up)

Imports

$223.2B USD, nominal · 2024

= $223,205 M50.3% over 5 yrs (up)

Trade balancesurplus

$85.1B USD, nominal · 2024

= $85,101 M

Total trade

$531.5B USD, nominal · 2024

= $531,511 M31.0% over 5 yrs (up)

World position: #25 of 225 exporters · top 25% · #28 of 225 importers · top 25% · 2024
World export share since 1995: +0.3 pp

Trade timeline

Saudi Arabia's exports grew from $50.8B in 1995 to $308.3B in 2024; the 2024 balance was $85.1B.

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Exports, imports, trade balance and total trade of Saudi Arabia per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$50,785 M	$33,674 M	$17,111 M	$84,459 M
1996	$58,762 M	$35,311 M	$23,450 M	$94,073 M
1997	$60,229 M	$30,876 M	$29,353 M	$91,105 M
1998	$44,513 M	$39,744 M	$4,769 M	$84,257 M
1999	$48,457 M	$35,070 M	$13,387 M	$83,526 M
2000	$80,969 M	$36,141 M	$44,828 M	$117,111 M
2001	$73,327 M	$37,566 M	$35,761 M	$110,892 M
2002	$70,604 M	$39,732 M	$30,872 M	$110,336 M
2003	$93,328 M	$46,536 M	$46,792 M	$139,864 M
2004	$122,106 M	$51,764 M	$70,342 M	$173,869 M
2005	$170,446 M	$64,924 M	$105,522 M	$235,370 M
2006	$215,937 M	$76,670 M	$139,266 M	$292,607 M
2007	$228,429 M	$96,328 M	$132,102 M	$324,757 M
2008	$332,340 M	$122,012 M	$210,328 M	$454,352 M
2009	$191,668 M	$98,519 M	$93,149 M	$290,187 M
2010	$253,823 M	$112,317 M	$141,506 M	$366,139 M
2011	$366,523 M	$138,810 M	$227,713 M	$505,333 M
2012	$396,308 M	$162,122 M	$234,187 M	$558,430 M
2013	$390,576 M	$173,659 M	$216,917 M	$564,236 M
2014	$367,469 M	$182,935 M	$184,534 M	$550,404 M
2015	$204,585 M	$184,024 M	$20,560 M	$388,609 M
2016	$187,294 M	$140,596 M	$46,699 M	$327,890 M
2017	$225,889 M	$138,791 M	$87,098 M	$364,681 M
2018	$295,681 M	$135,849 M	$159,832 M	$431,530 M
2019	$257,221 M	$148,518 M	$108,703 M	$405,740 M
2020	$185,999 M	$138,330 M	$47,669 M	$324,329 M
2021	$276,340 M	$150,380 M	$125,959 M	$426,720 M
2022	$409,476 M	$187,647 M	$221,829 M	$597,124 M
2023	$300,231 M	$201,577 M	$98,654 M	$501,807 M
2024	$308,306 M	$223,205 M	$85,101 M	$531,511 M

30 rows

World share & rank

World export share moved from 1.0% in 1995 to 1.4% in 2024; export rank #25 → #25.

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World export and import share in percent, and world ranks, of Saudi Arabia per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	1.00%	0.66%	#25	#29
1996	1.09%	0.66%	#23	#31
1997	1.08%	0.55%	#23	#34
1998	0.80%	0.72%	#26	#29
1999	0.84%	0.61%	#26	#31
2000	1.25%	0.56%	#19	#32
2001	1.16%	0.60%	#21	#30
2002	1.07%	0.60%	#23	#32
2003	1.22%	0.61%	#20	#34
2004	1.32%	0.56%	#19	#35
2005	1.63%	0.62%	#16	#32
2006	1.79%	0.63%	#15	#31
2007	1.63%	0.69%	#15	#30
2008	2.06%	0.76%	#13	#30
2009	1.54%	0.79%	#18	#30
2010	1.69%	0.75%	#14	#30
2011	2.04%	0.77%	#13	#30
2012	2.20%	0.90%	#12	#28
2013	2.14%	0.95%	#13	#27
2014	2.00%	1.00%	#13	#26
2015	1.27%	1.15%	#21	#25
2016	1.20%	0.90%	#24	#29
2017	1.29%	0.79%	#23	#31
2018	1.55%	0.71%	#18	#31
2019	1.39%	0.80%	#22	#31
2020	1.09%	0.81%	#27	#31
2021	1.29%	0.70%	#25	#31
2022	1.70%	0.78%	#19	#31
2023	1.33%	0.89%	#25	#30
2024	1.35%	0.98%	#25	#28

30 rows

Trading partners

China was Saudi Arabia's top trading partner in 2024, at 21.0% of total trade; the top five partners covered 49.4%.

Year

Top partner share: 21.0%
Top-5 share: 49.4%
Partners: 214
Partner HHI (0–1): 0.073

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China $58.1B

South Korea $31.5B

India $30.8B

Japan $29.8B

United Arab Emirates $18.7B

United States $13.3B

Poland $8.7B

Other Asia, nes $8.4B

Malaysia $8.2B

Egypt $8.2B

Singapore $7.6B

Italy $5.6B

Thailand $5.1B

France $4.6B

Germany $2.0B

View partner table

Top partners of Saudi Arabia in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$58,052 M	$53,330 M	$111,382 M	$4,722 M
#2	India	$30,834 M	$13,968 M	$44,802 M	$16,865 M
#3	Japan	$29,842 M	$8,068 M	$37,909 M	$21,774 M
#4	South Korea	$31,476 M	$6,071 M	$37,547 M	$25,404 M
#5	United Arab Emirates	$18,692 M	$12,430 M	$31,121 M	$6,262 M
#6	United States	$13,270 M	$14,932 M	$28,202 M	−$1,663 M
#7	Egypt	$8,200 M	$7,822 M	$16,022 M	$378 M
#8	Italy	$5,601 M	$6,966 M	$12,568 M	−$1,365 M
#9	Germany	$1,978 M	$9,442 M	$11,420 M	−$7,464 M
#10	Malaysia	$8,210 M	$1,882 M	$10,092 M	$6,328 M
#11	Poland	$8,679 M	$1,268 M	$9,946 M	$7,411 M
#12	Other Asia, nes	$8,435 M	$1,505 M	$9,940 M	$6,931 M
#13	Thailand	$5,054 M	$4,219 M	$9,273 M	$835 M
#14	Singapore	$7,642 M	$1,430 M	$9,071 M	$6,212 M
#15	France	$4,629 M	$4,165 M	$8,794 M	$464 M

15 rows

Products & sectors

Product composition of Saudi Arabia's trade in 2024.

Year

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Concentration & risk

Saudi Arabia's export partners diversified over 1995–2024 — HHI 0.095 → 0.077, a diversified export base across 183 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Saudi Arabia per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.095	0.067	155	157
1996	0.090	0.069	165	160
1997	0.099	0.100	111	93
1998	0.077	0.084	171	156
1999	0.093	0.071	123	170
2000	0.090	0.066	154	155
2001	0.087	0.063	167	161
2002	0.093	0.056	165	150
2003	0.092	0.052	168	163
2004	0.082	0.049	170	163
2005	0.083	0.050	172	165
2006	0.081	0.047	176	169
2007	0.080	0.050	187	182
2008	0.086	0.050	191	185
2009	0.078	0.051	187	177
2010	0.081	0.050	192	180
2011	0.080	0.053	194	180
2012	0.085	0.054	192	187
2013	0.082	0.052	193	186
2014	0.078	0.054	191	186
2015	0.069	0.055	186	183
2016	0.066	0.055	185	181
2017	0.068	0.055	187	181
2018	0.069	0.057	192	200
2019	0.084	0.063	188	201
2020	0.082	0.071	187	192
2021	0.081	0.065	189	204
2022	0.080	0.070	181	206
2023	0.084	0.071	182	215
2024	0.077	0.080	183	211

30 rows

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