Overview In 2021, Saudi Arabia was the number 18 economy in the world in terms of GDP (current US$), the number 26 in total exports, the number 32 in total imports, the number 39 economy in terms of GDP per capita (current US$) and the number 31 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Saudi Arabia are Crude Petroleum ($138B), Refined Petroleum ($35.9B), Ethylene Polymers ($12.5B), Propylene Polymers ($7.13B), and Acyclic Alcohols ($5.39B), exporting mostly to China ($48.7B), India ($25.6B), Japan ($24.1B), South Korea ($21.5B), and United Arab Emirates ($14B).

In 2021, Saudi Arabia was the world's biggest exporter of Crude Petroleum ($138B), Propylene Polymers ($7.13B), Acyclic Alcohols ($5.39B), Other Sea Vessels ($924M), and Tug Boats ($920M)

Imports The top imports of Saudi Arabia are Cars ($12.1B), Refined Petroleum ($7.43B), Broadcasting Equipment ($4.29B), Gold ($3.65B), and Packaged Medicaments ($3.13B), importing mostly from China ($29B), United Arab Emirates ($22.3B), United States ($11.6B), India ($8.69B), and Germany ($6.42B).

In 2021, Saudi Arabia was the world's biggest importer of Iron Reductions ($1.84B), Tanks and Armored vehicles ($1.56B), Sheep and Goats ($512M), Nutmeg, mace and cardamons ($220M), and Non-powered Aircraft ($39.9M)

Location Saudi Arabia borders Iraq, Jordan, Kuwait, Oman, Qatar, United Arab Emirates, and Yemen by land and Bahrain, Egypt, Eritrea, Iran, and Sudan by sea.

February, 2023

Historical Data

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Top Export (2021): Crude Petroleum, $138B

Top Destination (2021): China, $48.7B

In 2021, Saudi Arabia exported a total of $256B, making it the number 26 exporter in the world. During the last five reported years the exports of Saudi Arabia have changed by $55B from $201B in 2016 to $256B in 2021.

The most recent exports are led by Crude Petroleum ($138B), Refined Petroleum ($35.9B), Ethylene Polymers ($12.5B), Propylene Polymers ($7.13B), and Acyclic Alcohols ($5.39B). The most common destination for the exports of Saudi Arabia are China ($48.7B), India ($25.6B), Japan ($24.1B), South Korea ($21.5B), and United Arab Emirates ($14B).

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Fastest Growing Export Markets (2020 - 2021)

Fastest Growing Import Markets (2020 - 2021)

Saudi Arabia Exports Services (2018): $19.7B

Saudi Arabia Imports Services (2018): $83.8B

In 2018, Saudi Arabia exported $19.7B worth of services. The top services exported by Saudi Arabia in 2018 were Travel ($13.8B), Transportation ($4.51B), Government services, n.i.e. ($678M), Financial services ($298M), and Computer and information services ($282M).

The top services imported by Saudi Arabia in 2018 were Government services, n.i.e. ($28.8B), Travel ($16.6B), Transportation ($15.7B), Other business services ($10.4B), and Construction services ($6.41B).

Economic Complexity

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Most Specialized Products by RCA Index

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Saudi Arabia has a high level of specialization in Tug Boats (20.6), Alkylbenzenes and Alkylnaphthalenes (15.9), Other Sea Vessels (15.7), Blown Glass (13.5), and Ammonia (12.4). Specialization is measured using RCA, an index that takes the ratio between Saudi Arabia observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Saudi Arabia according to the relatedness index, were Petroleum Gas (0.13), Iron Reductions (0.11), Scrap Vessels (0.1), Photographic Chemicals (0.1), and Typewriters (0.098). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saudi Arabia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Saudi Arabia. These are products that tend to be co-exported with the products that Saudi Arabia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years Saudi Arabia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨39th to the 31st⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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