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.

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Saudi Arabia Balance of Trade

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
57899.00 59414.00 454159.00 -3651.00 1968 - 2021 Million SAR Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-09-28 02:30 PM Q2 SAR 110.6B SAR 87.3B SAR 106B
2022-01-25 06:00 AM Nov SAR57.9B SAR 59.4B SAR 61B

Related Last Previous Unit Reference
Balance of Trade 57899.00 59414.00 Million SAR Nov/21
Current Account 21717.00 8731.00 USD Million Sep/21
Imports 49399.00 46820.00 Million SAR Nov/21
Exports 107298.00 106234.00 Million SAR Nov/21
Capital Flows 19503.53 10797.49 USD Million Sep/21
Oil Exports 82395.00 69378.00 Million SAR Oct/21
Non Oil Exports 20041.00 19666.00 Million SAR Oct/21
Foreign Direct Investment 1753.00 13829.00 USD Million Sep/21
Remittances 34801.00 34735.00 SAR Million Mar/21