Saudi Arabia's trade surplus widened sharply to SAR 57.9 billion in November of 2021 from SAR 10.1 billion in the same month of the previous year, amid further solid global demand. Exports surged 82.5 percent over a year earlier to SAR 107.3 billion, supported by both oil products (112.8 percent) and non-oil products (26.1 percent). The highest share of exports went to China, accounting for 17.2% of the total, India (11.6%), and Japan (9.6%). Imports rose at a much softer 1.4 percent to SAR 49.4 billion. The highest share of imports came from China, accounting for 20.6% of the total, the US (11.4%), the UEA (6.0%). Considering the first eleven months of 2021, the country's trade goods recorded a surplus of SAR 416.0 billion. source: Central Department of Statistics & Information, Saudi Arabia
Balance of Trade in Saudi Arabia averaged 86734.27 Million SAR from 1968 until 2021, 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 January of 2022.
Balance of Trade in Saudi Arabia is expected to be 86755.00 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 153000.00 Million SAR in 2023, according to our econometric models.