Saudi Arabia recorded a trade surplus of 10258 Million SAR in the second quarter of 2020.

Balance of Trade in Saudi Arabia averaged 123885.94 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 October of 2020. source: Saudi Arabian Monetary Agency

Balance of Trade in Saudi Arabia is expected to be 20850.00 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 71487.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 129000.00 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
10258.00 84347.00 454159.00 3898.00 1968 - 2020 Million SAR Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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 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
2020-12-28 01:30 PM Q3 SAR 10.3B SAR 20.8B

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 10258.00 84347.00 454159.00 3898.00 Million SAR [+]
Current Account -17980.00 2225.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 6.30 9.00 28.50 -21.00 percent [+]
Imports 106861.00 113509.00 222985.00 2578.00 Million SAR [+]
Exports 117120.00 197856.00 677144.00 9118.00 Million SAR [+]
Capital Flows -17912.11 1070.58 102296.29 -49295.00 USD Million [+]
Tourism Revenues 16975.00 15020.00 16975.00 3418.00 USD Million [+]
Gold Reserves 323.10 323.10 323.10 142.95 Tonnes [+]
Crude Oil Production 8984.00 8479.00 12007.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 945.00 1613.00 11746.54 264.00 USD Million [+]
Remittances 30165.00 29168.00 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 [+]
Non Oil Exports 47050.00 52787.00 60357.00 19786.00 Million SAR [+]
Oil Exports 149950.00 185741.00 338945.00 97157.00 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.