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Pricing

2023
Flag → Flag
Exports $1.71BRnk 23 / 215
2023
Flag → Flag
Top Product $1.1BTanks and Armored vehicles
2023
Flag → Flag
Exports $1.6BRnk 30 / 182
2023
Flag → Flag
Top Product $1.53BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Canada-Saudi Arabia Trade: In 2023, Canada exported $1.71B to Saudi Arabia. The main products that Canada exported to Saudi Arabia were Tanks and Armored vehicles ($1.1B), Packaged Medicaments ($61M), and Cars ($47.4M). Over the past 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 0.49%, from $1.75B in 2018 to $1.71B in 2023.

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 2023, Saudi Arabia exported $1.6B to Canada. The main products that Saudi Arabia exported to Canada were Crude Petroleum ($1.53B), Other Small Iron Pipes ($16M), and Aluminium Plating ($8.85M). Over the past 5 years the exports of Saudi Arabia to Canada have decreased at an annualized rate of 11.7%,  from $2.97B in 2018 to $1.6B in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$46.5M and imported C$215M from Saudi Arabia, resulting in a negative trade balance of C$169M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-29.1M (-38.5%) from C$75.6M to C$46.5M, while imports increased by C$94.4M (78.1%) from C$121M to C$215M.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Ontario (C$20.1M), Quebec (C$12.4M), Alberta (C$9.44M), British Columbia (C$1.85M), and Manitoba (C$1.03M), while imports destinations were mainly New Brunswick (C$200M), Ontario (C$13.3M), Alberta (C$868k), Quebec (C$747k), and British Columbia (C$225k).

Growth In November 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 November 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 (November 2023 - November 2024)C$-29.1M(-38.5%)
IMPORT GROWTH (November 2023 - November 2024)C$94.4M(78.1%)
MAIN EXPORTER (November 2024)OntarioC$20.1M

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 2023, Canada exported $1.71B to Saudi Arabia. The main products exported from Canada to Saudi Arabia were Tanks and Armored vehicles ($1.1B), Packaged Medicaments ($61M), and Cars ($47.4M). During the last 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 0.49%, from $1.75B in 2018 to $1.71B in 2023.

In 2018, Saudi Arabia exported $1.6B to Canada. The main products exported from Saudi Arabia to Canada were Crude Petroleum ($1.53B), Other Small Iron Pipes ($16M), and Aluminium Plating ($8.85M). During the last 5 years the exports of Saudi Arabia to Canada have decreased at an annualized rate of 11.7%, from $2.97B in 2023 to $1.6B in 2018.

Exports from Canada (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Canada than Saudi Arabia included United States ($410B), United Kingdom ($18B), and Mexico ($8.76B).

In 2023, countries that imported more from Saudi Arabia than Canada included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Canada (Flag) (2023)

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 2023, Canada had a large net trade with Saudi Arabia in the exports of Transportation ($1.19B), Machines ($213M), and Chemical Products ($102M).

During 2018, Saudi Arabia had a large net trade with Canada in the exports of Mineral Products ($1.53B), Metals ($32M), and Chemical Products ($7.08M).

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) (2023)

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