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Saudi Arabia Trade Summary

2023

Saudi Arabia exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SAUDI ARABIA 2023

Overall Exports and Imports for Saudi Arabia 2023

Exports and imports of Saudi Arabia in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 320,018 million.
  • The total value of imports (CIF) was 206,940 million.
  • At the HS6 digit level, 3,389 products were exported to 177 countries and 4,285 products were imported from 228 countries.

Saudi Arabia top 5 Export and Import partners 2023

Top five countries to which Saudi Arabia exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Saudi Arabia exports to Unspecified worth US$ 247,386 million, with a partner share of 77.30 percent.
  2. Saudi Arabia exports to United Arab Emirates worth US$ 13,759 million, with a partner share of 4.30 percent.
  3. Saudi Arabia exports to China worth US$ 7,611 million, with a partner share of 2.38 percent.
  4. Saudi Arabia exports to India worth US$ 6,216 million, with a partner share of 1.94 percent.
  5. Saudi Arabia exports to Turkey worth US$ 3,073 million, with a partner share of 0.96 percent.

Top five countries from which Saudi Arabia imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Saudi Arabia imports from China worth US$ 43,347 million, with a partner share of 20.95 percent.
  2. Saudi Arabia imports from United States worth US$ 18,901 million, with a partner share of 9.13 percent.
  3. Saudi Arabia imports from United Arab Emirates worth US$ 13,347 million, with a partner share of 6.45 percent.
  4. Saudi Arabia imports from India worth US$ 11,619 million, with a partner share of 5.61 percent.
  5. Saudi Arabia imports from Germany worth US$ 9,125 million, with a partner share of 4.41 percent.

Saudi Arabia Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Saudi Arabia along with trade value are:

  1. Saudi Arabia exported Petroleum oils and oils obtained from bituminou , worth 175,993,253.25 (US$ Thousands).
  2. Saudi Arabia exported Petroleum oils, etc, (excl. crude); preparation , worth 60,961,930.35 (US$ Thousands).
  3. Saudi Arabia exported Propane, liquefied , worth 9,510,956.56 (US$ Thousands).
  4. Saudi Arabia exported Polypropylene, in primary forms , worth 4,806,300.14 (US$ Thousands).
  5. Saudi Arabia exported Polyethylene having a specific gravity <0.94, i , worth 4,208,862.80 (US$ Thousands).

The top five imported HS 6 digit level products from world by Saudi Arabia along with trade value are

  1. Saudi Arabia imported Petroleum oils, etc, (excl. crude); preparation , worth 14,776,736.28 (US$ Thousands).
  2. Saudi Arabia imported Automobiles with reciprocating piston engine di , worth 10,652,600.81 (US$ Thousands).
  3. Saudi Arabia imported Transmission apparatus, for radioteleph incorpo , worth 7,826,972.97 (US$ Thousands).
  4. Saudi Arabia imported Automobiles with reciprocating piston engine di , worth 7,451,727.62 (US$ Thousands).
  5. Saudi Arabia imported Gold in unwrought forms non-monetary , worth 7,310,447.97 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Saudi Arabia in 2023 are below

  • The maximum rate of tariff in percentage on any product was 100 percent.
  • The simple average tariff across all products was 5.86 percent.
  • The trade weighted average tariff was 5.66 .
  • The total duty free imports in thousands of US dollars were 37,072,055.85 and duty free tariff line items share was 10.67 percent.

Development Indicators 2023

Key Development Indicators of Saudi Arabia in 2023 are below

  • Saudi Arabia GDP in current US dollar was 1,218,585 million.
  • GNI per capita, Atlas method (current US$) was 36,330.00 .
  • Saudi Arabia Trade balance: as % of GDP was 6.32.
  • Trade balance in current US$ was 76,966.00 million.
  • Trade as percentage of GDP was 54.17 .
  • Trade in services as percentage of GDP was 12.02 .

Trade Indicators 2023

Trade Indicators for Saudi Arabia in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 5.77.
  • World Growth in percentage was -3.13 and Saudi Arabia Country Growth was -9.95 .