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Pricing

2021
Flag → Flag
Exports $299MRnk 60 / 0
2021
Flag → Flag
Exports $2.21BRnk 10 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Saudi Arabia-Russia Trade: In 2021, Saudi Arabia exported $299M to Russia. The main products that Saudi Arabia exported to Russia were N/A. Over the past 5 years the exports of Saudi Arabia to Russia have increased at an annualized rate of 23.6%, from $104M in 2016 to $299M in 2021.

In 2021, Saudi Arabia did not export any services to Russia.

Russia-Saudi Arabia Trade: In 2021, Russia exported $2.21B to Saudi Arabia. The main products that Russia exported to Saudi Arabia were N/A. Over the past 5 years the exports of Russia to Saudi Arabia have increased at an annualized rate of 27.8%,  from $649M in 2016 to $2.21B in 2021.

In 2020, Russia exported services to Saudi Arabia worth $16.6M, with Other business services ($8.07M), Transportation ($3.43M), and Construction services ($1.84M) being the largest in terms of value.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Saudi Arabia exported $299M to Russia. There were not main exports from Saudi Arabia to Russia in 2021. During the last 5 years the exports of Saudi Arabia to Russia have increased at an annualized rate of 23.6%, from $104M in 2016 to $299M in 2021.

In 2016, Russia exported $2.21B to Saudi Arabia. There were not main exports from Russia to Saudi Arabia in 2016. During the last 5 years the exports of Russia to Saudi Arabia have increased at an annualized rate of 27.8%, from $649M in 2021 to $2.21B in 2016.

Exports from Saudi Arabia (Flag) to Russia (Flag) (2021)

Exports from Russia (Flag) to Saudi Arabia (Flag) (2021)

Latest Data

Trade between Saudi Arabia (Flag) and Russia (Flag)

Saudi Arabia Exports

Russia Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Saudi Arabia than Russia included Japan ($36.5B), South Korea ($36B), and United States ($23.9B).

In 2022, countries that imported more from Russia than Saudi Arabia included China ($101B), Germany ($27.7B), and Turkey ($25.3B).

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

Comparative Advantage Saudi Arabia - Russia

Flow
Scale

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

During 2021, Saudi Arabia had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Saudi Arabia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Russia+$10.4kRefined Petroleum
Top Product Potential Russia Saudi Arabia+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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Bilateral Service Trade

In 2020, Russia exported services to Saudi Arabia worth $16.6M, with Other business services ($8.07M), Transportation ($3.43M), and Construction services ($1.84M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Saudi Arabia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and Russia (Flag) (2021)

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