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2022
Flag → Flag
Exports $959MRnk 32 / 215
2022
Flag → Flag
Top Product $545MTanks and Armored vehicles
2022
Flag → Flag
Exports $2.5BRnk 28 / 138
2022
Flag → Flag
Top Product $2.38BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Canada-Saudi Arabia Trade: In 2022, Canada exported $959M to Saudi Arabia. The main products that Canada exported to Saudi Arabia were Tanks and Armored vehicles ($545M), Packaged Medicaments ($58.4M), and Bovine Meat ($21.3M). Over the past 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 5.26%, from $1.26B in 2017 to $959M in 2022.

In 2020, Canada exported services to Saudi Arabia worth $136M, with Royalties and license fees ($52.2M), Travel ($32.8M), and Transportation ($25.4M) being the largest in terms of value.

Saudi Arabia-Canada Trade: In 2022, Saudi Arabia exported $2.5B to Canada. The main products that Saudi Arabia exported to Canada were Crude Petroleum ($2.38B), Aluminium Plating ($57.7M), and Other Small Iron Pipes ($10.4M). Over the past 5 years the exports of Saudi Arabia to Canada have increased at an annualized rate of 6.21%,  from $1.85B in 2017 to $2.5B in 2022.

In 2022, Saudi Arabia did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$51.7M and imported C$248M from Saudi Arabia, resulting in a negative trade balance of C$197M. Between June 2023 and June 2024 the exports of Canada have decreased by C$-242M (-82.4%) from C$294M to C$51.7M, while imports increased by C$131M (112%) from C$117M to C$248M.

Trade In June 2024, the top exports of Canada to Saudi Arabia were Tanks and Armored vehicles (C$119M), Packaged Medicaments (C$8.53M), Other Measuring Instruments (C$6.84M), Rubberworking Machinery (C$5.16M), and Aircraft Launch Gear (C$2.01M). In June 2024 the top imports of Canada from Saudi Arabia were Crude Petroleum (C$183M), Aluminium Plating (C$4.25M), Other Small Iron Pipes (C$2.44M), Tropical Fruits (C$974k), and Nitrogenous Fertilizers (C$483k).

Origins In June 2024 the exports of Canada were mainly from Ontario (C$21.8M), Quebec (C$16.1M), Alberta (C$7.17M), British Columbia (C$3.21M), and Nova Scotia (C$1.01M), while imports destinations were mainly New Brunswick (C$245M), Ontario (C$1.52M), Quebec (C$766k), British Columbia (C$567k), and Nova Scotia (C$128k).

Growth In June 2024, the decrease in Canada's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Frozen Bovine Meat (C$-1.51M or -86.2%), Machinery Having Individual Functions (C$-1.27M or -52%), and Other Agricultural Machinery (C$-1.03M or -99%). In June 2024, the increase in Canada's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Tropical Fruits (C$795k or 444%), Excavation Machinery (C$270k or 2.71k%), and Confectionery Sugar (C$32.5k or 477%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$-242M(-82.4%)
IMPORT GROWTH (June 2023 - June 2024)C$131M(112%)
MAIN EXPORTER (June 2024)OntarioC$21.8M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Saudi Arabia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $959M to Saudi Arabia. The main products exported from Canada to Saudi Arabia were Tanks and Armored vehicles ($545M), Packaged Medicaments ($58.4M), and Bovine Meat ($21.3M). During the last 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 5.26%, from $1.26B in 2017 to $959M in 2022.

In 2017, Saudi Arabia exported $2.5B to Canada. The main products exported from Saudi Arabia to Canada were Crude Petroleum ($2.38B), Aluminium Plating ($57.7M), and Other Small Iron Pipes ($10.4M). During the last 5 years the exports of Saudi Arabia to Canada have increased at an annualized rate of 6.21%, from $1.85B in 2022 to $2.5B in 2017.

Exports from Canada (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Canada than Saudi Arabia included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

In 2022, countries that imported more from Saudi Arabia than Canada included China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Saudi Arabia

Flow
Scale

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

During 2022, Canada had a large net trade with Saudi Arabia in the exports of Transportation ($574M), Machines ($139M), and Chemical Products ($77.8M).

During 2017, Saudi Arabia had a large net trade with Canada in the exports of Mineral Products ($2.38B), Metals ($70.8M), and Chemical Products ($15.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Saudi Arabia+$46.4MCars
Top Product Potential Saudi Arabia Canada+$223MCrude Petroleum

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

This visualization shows the product space at the HS4 level with the flags of Canada and Saudi Arabia. This means that a dot/product with the flag of Canada 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 Canada.

Product Space of Canada (Flag) and Saudi Arabia (Flag) (2022)

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