Flag Australia / Saudi Arabia Flag

2020
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Exports
: $699M, Rnk 24 / 211

2020
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Top Product
: $86.1M, Barley

2020
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Exports
: $816M, Rnk 33 / 178

2020
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Top Product
: $338M, Gold

2020
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Economic Complexity (ECI)
: ECI -0.31, Rnk 74 / 127

2020
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Economic Complexity (ECI)
: ECI 0.86, Rnk 32 / 127

2020
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GDP
: $1.33T, CURRENT US$
Rnk 13 / 195

2010-2020
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GDP GROWTH
: 15.7%, CURRENT US$
Rnk 128 / 195

2020
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 GDP
: $700B, CURRENT US$
Rnk 20 / 195

2010-2020
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GDP GROWTH
: 32.5%, CURRENT US$
Rnk 92 / 195

2020
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GDP PC 
: $51,693, CURRENT US$
Rnk 14 / 195

2010-2020
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GDP PC GROWTH
: -0.76%, CURRENT US$
Rnk 142 / 195

2020
Flag
GDP PC
: $20,110, CURRENT US$
Rnk 46 / 195

2010-2020
Flag
GDP PC GROWTH
: 4.4%, CURRENT US$
Rnk 122 / 195

Australia-Saudi Arabia In 2020, Australia exported $699M to Saudi Arabia. The main products that Australia exported to Saudi Arabia are Barley ($86.1M), Sheep and Goat Meat ($65.1M), and Frozen Bovine Meat ($51.7M). During the last 25 years the exports of Australia to Saudi Arabia have increased at an annualized rate of 3.45%, from $299M in 1995 to $699M in 2020.

In 2020, Australia did not export any services to Saudi Arabia.

Saudi Arabia-Australia In 2020, Saudi Arabia exported $816M to Australia . The main products that Saudi Arabia exported to Australia were Gold ($338M), Nitrogenous Fertilizers ($165M), and Sodium or Potassium Peroxides ($89.2M). During the last 25 years the exports of Saudi Arabia to Australia have increased at an annualized rate of 0.87%, from $657M in 1995 to $816M in 2020.

In 2020, Saudi Arabia did not export any services to Australia.

Comparison In 2020,  Australia ranked 74 in the Economic Complexity Index (ECI -0.31), and 22 in total exports ($250B). That same year, Saudi Arabia ranked 32 in the Economic Complexity Index (ECI 0.86), and 30 in total exports ($167B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Australia exported $699M to Saudi Arabia. The main products exported from Australia to Saudi Arabia were Barley ($86.1M), Sheep and Goat Meat ($65.1M), and Frozen Bovine Meat ($51.7M). During the last 25 years the exports of Australia to Saudi Arabia have increased at an annualized rate of 3.45%, from $299M in 1995 to $699M in 2020.

In 2020, Saudi Arabia exported $816M to Australia. The main products exported from Saudi Arabia to Australia were Gold ($338M), Nitrogenous Fertilizers ($165M), and Sodium or Potassium Peroxides ($89.2M). During the last 25 years the exports of Saudi Arabia to Australia have increased at an annualized rate of 0.87%, from $657M in 1995 to $816M in 2020.

Market Competitiveness

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Measure

Australia
Top Destination
: China, $102B

Saudi Arabia
Top Destination
: China, $33.4B

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 2019, countries that imported more from Australia than Saudi Arabia were China ($102B), Japan ($31.8B), and United Kingdom ($10B).

In 2019, countries that imported more from Saudi Arabia than Australia were United Arab Emirates ($9.21B), India ($16.8B), and Egypt ($3.59B).

Comparative Advantage Australia - Saudi Arabia

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Flow

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

During 2020, Australia had a large net trade with Saudi Arabia in the exports of Vegetable Products ($186M), Animal Products ($172M), and Chemical Products ($92.9M).

During 2020, Saudi Arabia had a large net trade with Australia in the exports of Chemical Products ($370M), Precious Metals ($340M), and Plastics and Rubbers ($39.6M).

Tariff Section

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This section shows import tariffs for products traded between Australia and Saudi Arabia (using the HS6 product classification and the last year reported).

In 2019, the products from Australia that paid the highest import tariffs to enter Saudi Arabia were Fresh cheese, unfermented whey cheese, curd (25.6%)and Cheese processed, not grated or powdered (18.8%).

In 2017, the products from Saudi Arabia that paid the highest import tariffs to enter Australia were Tobacco refuse (1.37k%)and Homogenized or reconstituted tobacco (585%).

*The tariffs present between Australia and Saudi Arabia are:
87: Australia General System of Preferences (GSP): Countries and Places in Part 4 of Schedule 1 (DCS rates)
87: Australia General System of Preferences (GSP): Countries and Places in Part 4 of Schedule 1 (DCS rates)
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over Saudi Arabia. Similarly, the more red a dot/product is, the more Saudi Arabia has comparative advantage over Australia.