Flag Russia / Saudi Arabia Flag

2020
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Exports
: $1.58B, Rnk 37 / 187

2020
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Top Product
: $514M, Barley

2020
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Exports
: $202M, Rnk 48 / 178

2020
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Top Product
: $48M, Amino-resins

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

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

2020
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GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 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 
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

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

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

Russia-Saudi Arabia In 2020, Russia exported $1.58B to Saudi Arabia. The main products that Russia exported to Saudi Arabia are Barley ($514M), Refined Petroleum ($382M), and Chocolate ($82.4M). During the last 25 years the exports of Russia to Saudi Arabia have increased at an annualized rate of 8.74%, from $194M in 1995 to $1.58B in 2020.

In 2018, Russia exported services to Saudi Arabia worth $7.7M, with Transportation ($3.2M), Other business services ($2.1M), and Computer and information services ($1.1M) being the largest in terms of value.

Saudi Arabia-Russia In 2020, Saudi Arabia exported $202M to Russia . The main products that Saudi Arabia exported to Russia were Amino-resins ($48M), Acyclic Alcohols ($36.7M), and Polyacetals ($24.6M). During the last 25 years the exports of Saudi Arabia to Russia have increased at an annualized rate of 28.7%, from $370k in 1995 to $202M in 2020.

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

Comparison In 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). 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, Russia exported $1.58B to Saudi Arabia. The main products exported from Russia to Saudi Arabia were Barley ($514M), Refined Petroleum ($382M), and Chocolate ($82.4M). During the last 25 years the exports of Russia to Saudi Arabia have increased at an annualized rate of 8.74%, from $194M in 1995 to $1.58B in 2020.

In 2020, Saudi Arabia exported $202M to Russia. The main products exported from Saudi Arabia to Russia were Amino-resins ($48M), Acyclic Alcohols ($36.7M), and Polyacetals ($24.6M). During the last 25 years the exports of Saudi Arabia to Russia have increased at an annualized rate of 28.7%, from $370k in 1995 to $202M in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

Saudi Arabia
Top Destination
: China, $33.4B

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

In 2019, countries that imported more from Russia than Saudi Arabia were United Kingdom ($25.3B), Netherlands ($22.5B), and China ($49.3B).

In 2019, countries that imported more from Saudi Arabia than Russia were India ($16.8B), Japan ($16.3B), and United Arab Emirates ($9.21B).

Comparative Advantage Russia - Saudi Arabia

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Flow

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

During 2020, Russia had a large net trade with Saudi Arabia in the exports of Vegetable Products ($586M), Mineral Products ($395M), and Metals ($189M).

During 2020, Saudi Arabia had a large net trade with Russia in the exports of Plastics and Rubbers ($99.2M), Chemical Products ($60.3M), and Metals ($16.5M).

Tariff Section

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

In 2019, the products from Russia that paid the highest import tariffs to enter Saudi Arabia were Ethyl alcohol and other spirits, denatured (69k%)and Undenatured ethyl alcohol > 80% by volume (37.4k%).

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

*The tariffs present between Russia and Saudi Arabia are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
350: Russian Generalized System of Preference
350: Russian Generalized System of Preference

Bilateral Service Trade

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In 2018, Russia exported services to Saudi Arabia worth $7.7M, with Transportation ($3.2M), Other business services ($2.1M), and Computer and information services ($1.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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 Russia has comparative advantage over Saudi Arabia. Similarly, the more red a dot/product is, the more Saudi Arabia has comparative advantage over Russia.