Saudi Arabia recorded a trade surplus of 87372 Million SAR in the first quarter of 2021. source: Saudi Arabian Monetary Agency

Balance of Trade in Saudi Arabia averaged 121888.78 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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
87372.00 54199.00 454159.00 3898.00 1968 - 2021 Million SAR Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 01:30 PM Q2 SAR 10.3B SAR84.3B SAR 57.3B
2020-12-30 01:00 PM Q3 SAR 57.6B SAR 10.3B SAR 20.8B
2021-03-30 11:30 AM Q4 SAR 58B SAR 52.4B SAR 60B
2021-06-28 04:00 PM Q1 SAR 87.3B SAR 54.2B SAR 64.7B
2021-09-30 01:30 PM Q2 SAR 87.3B SAR 106B
2021-12-28 01:30 PM Q3 SAR 81.6B

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 87372.00 54199.00 454159.00 3898.00 Million SAR [+]
Current Account 8707.00 2318.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP -2.80 6.30 28.50 -21.00 percent of GDP [+]
Imports 124056.00 123878.00 222985.00 2578.00 Million SAR [+]
Exports 211428.00 178077.00 677144.00 9118.00 Million SAR [+]
Capital Flows 10091.92 3556.08 102296.29 -49295.00 USD Million [+]
Tourism Revenues 19849.00 16975.00 19849.00 3418.00 USD Million [+]
Gold Reserves 323.07 323.07 323.07 142.95 Tonnes [+]
Crude Oil Production 9562.00 9474.00 12007.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1795.00 1872.00 11746.54 264.00 USD Million [+]
Remittances 34801.00 34735.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 16214.00 17570.00 23010.00 6585.00 Thousand [+]
Terrorism Index 5.00 5.24 5.81 2.41 [+]
Non Oil Exports 58922.00 56547.00 60357.00 19786.00 Million SAR [+]
Oil Exports 152506.00 121530.00 338945.00 76493.00 Million SAR [+]


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.