Saudi Arabia's trade surplus surged to SAR 81.85 billion in April of 2022, compared to SAR 19.55 billion a year earlier. Exports surged 98.0% year-on-year to SAR 137.1 billion, boosted by 123.0% jump in oil sales which accounted for 80.0% of total shipments, amid soaring oil prices. Non-oil exports grew by 36.6%, namely products of the chemical or allied industries (67.5%) and plastics (15.9%). China was the biggest export partner, followed by India and South Korea. Imports rose 11.2% yoy to SAR 55.3 billion, led by purchases of products of the machinery and mechanical appliances, electrical equipment, and transport equipment. China, the US and India were the main import partners. source: Central Department of Statistics & Information, Saudi Arabia

Balance of Trade in Saudi Arabia averaged 85878.02 Million SAR from 1968 until 2022, reaching an all time high of 454159 Million SAR in December of 2005 and a record low of -3651 Million SAR in April of 2020. 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 June of 2022.

Balance of Trade in Saudi Arabia is expected to be 40000.00 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 42900.00 Million SAR in 2023 and 41500.00 Million SAR in 2024, according to our econometric models.

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Saudi Arabia Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 06:00 AM Mar SAR86.9B SAR 59.9B SAR 56.5B
2022-06-23 06:00 AM Apr SAR81.8B SAR86.1B SAR81B
2022-07-25 06:00 AM May SAR81.8B

Related Last Previous Unit Reference
Balance of Trade 81845.00 86076.00 Million SAR Apr 2022
Current Account 20693.00 16737.00 USD Million Dec 2021
Exports 137119.00 141933.00 Million SAR Apr 2022
Imports 55274.00 55857.00 Million SAR Apr 2022
Capital Flows 22399.21 19503.53 USD Million Dec 2021
Oil Exports 109750.00 113043.00 Million SAR Apr 2022
Non Oil Exports 22731.00 24732.00 Million SAR Apr 2022
Foreign Direct Investment 1933.00 1728.00 USD Million Dec 2021
Remittances 34801.00 34735.00 SAR Million Mar 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
81845.00 86076.00 454159.00 -3651.00 1968 - 2022 Million SAR Monthly