Saudi Arabia recorded a trade surplus of 110649.93 Million SAR in the second quarter of 2021. source: Saudi Arabian Monetary Agency

Balance of Trade in Saudi Arabia averaged 121776.39 Million SAR from 1968 until 2021, reaching an all time high of 454159 Million SAR in the fourth quarter of 2005 and a record low of 3898 Million SAR in the fourth quarter of 1986. This page provides - Saudi Arabia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Balance of Trade in Saudi Arabia is expected to be 81606.00 Million SAR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 145000.00 Million SAR in 2022 and 153000.00 Million SAR in 2023, according to our econometric models.

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Saudi Arabia Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-06-28 04:00 PM Q1 SAR 87.3B SAR 54.2B SAR 64.7B
2021-09-28 02:30 PM Q2 SAR 110.6B SAR 87.3B SAR 106B
2021-12-28 01:30 PM Q3 SAR 110.6B SAR 81.6B

Saudi Arabia Last Unit Reference Previous Highest Lowest
Balance of Trade 110649.93 Million SAR Jun/21 87372.00 454159.00 3898.00
Current Account 12017.00 USD Million Jun/21 1477.00 90060.70 -27509.30
Exports 237491.00 Million SAR Jun/21 211433.00 677144.00 9118.00
Imports 126841.00 Million SAR Jun/21 124116.00 222985.00 2578.00
Capital Flows 10797.49 USD Million Jun/21 10091.92 102296.29 -49295.00
Foreign Direct Investment 13829.00 USD Million Jun/21 1811.00 13829.00 264.00
Remittances 34801.00 SAR Million Mar/21 34735.00 38101.00 12479.00
Oil Exports 152506.00 Million SAR Mar/21 121530.00 338945.00 76493.00
Non Oil Exports 58922.00 Million SAR Mar/21 56547.00 60357.00 19786.00

Saudi Arabia Balance of Trade
Saudi Arabia has been recording trade surpluses since 1968 due to shipments of oil (87 percent of total exports). Main imports are: machinery, mechanical appliances and electrical equipment; transport equipment and parts thereof and base metals. Main trading partners are: United States (14 percent of total exports and 12.6 percent of imports), China (12 percent of exports and 13 percent of imports) and Japan (13 percent of exports and 6 percent of imports). Others include: South Korea, United Arab Emirates, India and Germany.