Australia (AUS) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Australia-Saudi Arabia Trade: In 2023, Australia exported $1.07B to Saudi Arabia. The main products that Australia exported to Saudi Arabia were Barley ($349M), Sheep and Goat Meat ($87.8M), and Frozen Bovine Meat ($73.9M). Over the past 5 years the exports of Australia to Saudi Arabia have increased at an annualized rate of 9.72%, from $673M in 2018 to $1.07B in 2023.

In 2023, Australia did not export any services to Saudi Arabia.

Saudi Arabia-Australia Trade: In 2023, Saudi Arabia exported $847M to Australia. The main products that Saudi Arabia exported to Australia were Mixed Mineral or Chemical Fertilizers ($193M), Nitrogenous Fertilizers ($190M), and Party Decorations ($149M). Over the past 5 years the exports of Saudi Arabia to Australia have increased at an annualized rate of 8.19%, from $572M in 2018 to $847M in 2023.

In 2023, Saudi Arabia did not export any services to Australia.

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Australia exported $1.07B to Saudi Arabia. The main products exported from Australia to Saudi Arabia were Barley ($349M), Sheep and Goat Meat ($87.8M), and Frozen Bovine Meat ($73.9M). During the last 5 years the exports of Australia to Saudi Arabia have increased at an annualized rate of 9.72%, from $673M in 2018 to $1.07B in 2023.

In 2018, Saudi Arabia exported $847M to Australia. The main products exported from Saudi Arabia to Australia were Mixed Mineral or Chemical Fertilizers ($193M), Nitrogenous Fertilizers ($190M), and Party Decorations ($149M). During the last 5 years the exports of Saudi Arabia to Australia have increased at an annualized rate of 8.19%, from $572M in 2023 to $847M in 2018.

Exports from Australia () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Australia () (2023)

Latest Data

Trade between Australia () and Saudi Arabia ()

Australia Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Saudi Arabia
Top DestinationChina$64.4B

This map shows whether countries import more from Australia or Saudi Arabia. Each country is colored based on the difference in imports they receive from Australia and Saudi Arabia or the difference in the growth in imports.

In 2023, countries that imported more from Australia than Saudi Arabia included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Saudi Arabia than Australia included India ($34.8B), United Arab Emirates ($11.5B), and Poland ($7.64B).

Difference in imports from Saudi Arabia () and Australia () (2023)

Comparative Advantage Australia - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Saudi Arabia by product, considering products traded by both, Australia and Saudi Arabia.

During 2023, Australia had a large net trade with Saudi Arabia in the exports of Vegetable Products ($479M), Animal Products ($248M), and Machines ($76.8M).

During 2018, Saudi Arabia had a large net trade with Australia in the exports of Chemical Products ($472M), Miscellaneous ($149M), and Mineral Products ($124M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Saudi Arabia+$11.1MRefined Petroleum

Top Product Potential Saudi Arabia Australia+N/AN/A

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Saudi Arabia. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Australia () (2023)

Latest Data

Trade between Australia () and Saudi Arabia ()

Australia Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Australia () (2023)

Comparative Advantage Australia - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Saudi Arabia () (2023)

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