Saudi Arabia recorded a trade surplus of 109229 Million SAR in the third quarter of 2019.

Balance of Trade in Saudi Arabia averaged 126115.10 Million SAR from 1968 until 2019, 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. source: Saudi Arabian Monetary Agency

Balance of Trade in Saudi Arabia is expected to be 124000.00 Million SAR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Saudi Arabia to stand at 132000.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 138000.00 Million SAR in 2020, according to our econometric models.


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Saudi Arabia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
109229.00 127500.00 454159.00 3898.00 1968 - 2019 Million SAR Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 01:00 PM Q4 SAR 180.1B SAR 175.7B SAR 95B
2019-06-27 02:30 PM Q1 SAR 131.6B SAR 180.1B SAR 129B
2019-09-29 02:45 PM Q2 SAR 127.5B SAR 131.6B SAR 140.5B
2019-12-29 01:50 PM Q3 SAR109.2B SAR 127.5B SAR 101.5B
2020-03-29 01:30 PM Q4 SAR109.2B SAR 121B


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.

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 109229.00 127500.00 454159.00 3898.00 Million SAR [+]
Current Account 9845.00 12407.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 9.20 1.50 28.50 -21.00 percent [+]
Imports 126797.00 127699.00 222985.00 2578.00 Million SAR [+]
Exports 236094.00 255199.00 677144.00 9118.00 Million SAR [+]
Capital Flows 7364.63 12301.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 14848.00 13438.00 14848.00 3418.00 USD Million [+]
Gold Reserves 323.07 323.07 323.10 142.95 Tonnes [+]
Crude Oil Production 9890.00 10303.00 11093.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1141.00 1072.00 11746.54 264.00 USD Million [+]
Terrorism Index 5.24 5.48 5.81 2.41 [+]
Remittances 27616.00 28441.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 16109.00 18049.00 18260.00 6585.00 Thousand [+]