Saudi Arabia recorded a trade surplus of 121276 Million SAR in the fourth quarter of 2019.

Balance of Trade in Saudi Arabia averaged 125883.25 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. Saudi Arabia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Saudi Arabian Monetary Agency

Balance of Trade in Saudi Arabia is expected to be 27300.00 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 67645.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 104666.00 Million SAR in 2021 and 138000.00 Million SAR in 2022, according to our econometric models.

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Saudi Arabia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
121276.00 109229.00 454159.00 3898.00 1968 - 2019 Million SAR Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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 SAR120.3B SAR109.3B SAR 121B
2020-06-28 01:30 PM Q1 SAR120.3B SAR 80.8B
2020-09-28 01:30 PM Q2 SAR 27.3B
2020-12-28 01:30 PM Q3 SAR 48.5B

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 121276.00 109229.00 454159.00 3898.00 Million SAR [+]
Current Account 12417.00 9048.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 6.30 9.00 28.50 -21.00 percent [+]
Imports 117252.00 125847.00 222985.00 2578.00 Million SAR [+]
Exports 238528.00 235077.00 677144.00 9118.00 Million SAR [+]
Capital Flows 11229.00 5098.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 16975.00 15020.00 16975.00 3418.00 USD Million [+]
Gold Reserves 323.10 323.07 323.10 142.95 Tonnes [+]
Crude Oil Production 12007.00 9733.00 12007.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1041.00 1150.00 11746.54 264.00 USD Million [+]
Remittances 29168.00 28857.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 17570.00 18607.00 23010.00 6585.00 Thousand [+]
Terrorism Index 5.24 5.48 5.81 2.41 [+]


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.