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.