Saudi Arabia recorded a trade surplus of 184673 Million SAR in the third quarter of 2018. Balance of Trade in Saudi Arabia averaged 125626.89 Million SAR from 1968 until 2018, 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.

Balance of Trade in Saudi Arabia is expected to be 162000.00 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 126500.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 129000.00 Million SAR in 2020, according to our econometric models.

Saudi Arabia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-29 12:15 PM Balance of Trade SAR 126.6B SAR 92.7B SAR 101.8B
2018-07-02 11:00 AM Balance of Trade SAR 120.3B SAR 110.3B SAR 91B
2018-09-27 02:40 PM Balance of Trade SAR 162.8B SAR 131.8B SAR 94B
2018-12-27 02:30 PM Balance of Trade SAR 184.7B SAR 162.8B SAR 114B
2019-03-28 01:00 PM Balance of Trade SAR 184.7B SAR 95B
2019-06-27 02:00 PM Balance of Trade
2019-09-29 02:00 PM Balance of Trade


Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 184673.00 162844.00 454159.00 3898.00 Million SAR [+]
Current Account 29583.00 19079.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 2.20 -3.70 28.50 -21.00 percent [+]
Imports 101438.00 119356.00 222985.00 2578.00 Million SAR [+]
Exports 286111.00 282201.00 677144.00 9118.00 Million SAR [+]
Capital Flows 27408.00 17134.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 14848.00 13438.00 14848.00 3418.00 USD Million [+]
Gold Reserves 323.10 323.10 323.10 142.95 Tonnes [+]
Crude Oil Production 10243.00 10643.00 11093.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 779.00 740.00 11746.54 264.00 USD Million [+]
Terrorism Index 5.48 5.81 5.81 2.41 [+]
Tourist Arrivals 16119.00 18049.00 18260.00 6585.00 Thousand [+]
Remittances 29872.00 32128.00 38101.00 12479.00 SAR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Saudi Arabia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
184673.00 162844.00 454159.00 3898.00 1968 - 2018 Million SAR Quarterly




Country Last Previous
Argentina 372.00 Jan/19
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -1415.36 Jan/19
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -3247399.00 Dec/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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