Saudi Arabia recorded a trade surplus of 55070 Million SAR in the third quarter of 2020. source: Saudi Arabian Monetary Agency

Balance of Trade in Saudi Arabia averaged 123232.36 Million SAR from 1968 until 2020, 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 February of 2021.

Balance of Trade in Saudi Arabia is expected to be 64741.00 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 104666.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 104666.00 Million SAR in 2022 and 138000.00 Million SAR in 2023, according to our econometric models.

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Saudi Arabia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
55070.00 10163.00 454159.00 3898.00 1968 - 2020 Million SAR Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-29 01:30 PM Q4 SAR120.3B SAR109.3B SAR 121B
2020-06-28 05:00 PM Q1 SAR85.2B SAR121.3B SAR 80.8B
2020-09-30 01:30 PM Q2 SAR 10.3B SAR84.3B SAR 57.3B
2020-12-30 01:00 PM Q3 SAR 57.6B SAR 10.3B SAR 20.8B
2021-03-29 01:30 PM Q4 SAR 55.1B
2021-06-28 05:00 PM Q1 SAR 64.7B
2021-09-30 01:30 PM Q2 SAR 71.5B
2021-12-28 01:30 PM Q3 SAR 85B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 55070.00 10163.00 454159.00 3898.00 Million SAR [+]
Current Account 2321.00 -18247.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 6.30 9.00 28.50 -21.00 percent [+]
Imports 103379.00 105900.00 222985.00 2578.00 Million SAR [+]
Exports 158449.00 116064.00 677144.00 9118.00 Million SAR [+]
Capital Flows 1268.69 -17912.11 102296.29 -49295.00 USD Million [+]
Tourism Revenues 19849.00 16975.00 19849.00 3418.00 USD Million [+]
Gold Reserves 323.07 323.07 323.07 142.95 Tonnes [+]
Crude Oil Production 9103.00 8980.00 12007.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1034.00 913.00 11746.54 264.00 USD Million [+]
Remittances 34027.00 29912.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 16214.00 17570.00 23010.00 6585.00 Thousand [+]
Terrorism Index 5.00 5.24 5.81 2.41 [+]
Non Oil Exports 50010.00 41982.00 60357.00 19786.00 Million SAR [+]
Oil Exports 108439.00 74775.00 338945.00 74775.00 Million SAR [+]


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.