Saudi Arabia recorded a trade surplus of 131636 Million SAR in the first quarter of 2019. Balance of Trade in Saudi Arabia averaged 126168.18 Million SAR from 1968 until 2019, 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.

Balance of Trade in Saudi Arabia is expected to be 130500.00 Million SAR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Saudi Arabia to stand at 132000.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 129000.00 Million SAR in 2020, according to our econometric models.

Saudi Arabia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-27 02:40 PM Balance of Trade Q2 SAR 162.8B SAR 131.8B SAR 94B
2018-12-27 02:30 PM Balance of Trade Q3 SAR 184.7B SAR 162.8B SAR 114B
2019-03-28 01:00 PM Balance of Trade Q4 SAR 180.1B SAR 175.7B SAR 95B
2019-06-27 02:30 PM Balance of Trade Q1 SAR 131.6B SAR 180.1B SAR 129B
2019-09-30 11:15 AM Balance of Trade Q2 SAR 131.6B SAR 140.5B
2019-12-29 01:00 PM Balance of Trade Q3 SAR 131.5B


Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 131636.00 180059.00 454159.00 3898.00 Million SAR [+]
Current Account 11518.00 18521.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 9.20 1.50 28.50 -21.00 percent [+]
Imports 117194.00 110449.00 222985.00 2578.00 Million SAR [+]
Exports 248830.00 290508.00 677144.00 9118.00 Million SAR [+]
Capital Flows 10681.00 15857.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 14848.00 13438.00 14848.00 3418.00 USD Million [+]
Gold Reserves 323.07 323.10 323.10 142.95 Tonnes [+]
Crude Oil Production 9789.00 9580.00 11093.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1249.00 829.00 11746.54 264.00 USD Million [+]
Terrorism Index 5.48 5.81 5.81 2.41 [+]
Remittances 28441.00 28498.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 16109.00 18049.00 18260.00 6585.00 Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Saudi Arabia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
131636.00 180059.00 454159.00 3898.00 1968 - 2019 Million SAR Quarterly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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