Overview In August 2023, United States exported $1.2B and imported $1.38B from Saudi Arabia, resulting in a negative trade balance of $171M. Between August 2022 and August 2023 the exports of United States have increased by $150M (14.2%) from $1.05B to $1.2B, while imports decreased by $-406M (-22.8%) from $1.78B to $1.38B.
Trade In August 2023, the top exports of United States to Saudi Arabia were Cars ($66.1M), Corn ($52.4M), Tanks and Armored vehicles ($49.6M), Explosive Ammunition ($42.3M), and Parts of aircraft and spacecraft of... ($35M). In August 2023 the top imports of United States from Saudi Arabia were Crude Petroleum ($1.11B), Refined Petroleum ($329M), Mixed Mineral or Chemical Fertilizers ($27M), Commodities not elsewhere specified ($22.9M), and Ethers ($21.1M).
Origins In August 2023 the exports of United States were mainly from Texas ($241M), Washington ($204M), California ($105M), Wisconsin ($66M), and New Jersey ($62.9M), while imports destinations were mainly Texas ($568M), California ($399M), New Jersey ($217M), Florida ($72.6M), and North Carolina ($35.9M).
Growth In August 2023, the increase in United States's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Tanks and Armored vehicles ($47.8M or 2.68k%), Corn ($40.4M or 337%), and Explosive Ammunition ($36.3M or 610%). In August 2023, the decrease in United States's year-by-year imports from Saudi Arabia was explained primarily by an decrease in product imports in Mixed Mineral or Chemical Fertilizers ($-15.7M or -36.8%), Cyclic Hydrocarbons ($-9.77M or -38.5%), and Aluminium Plating ($-4.3M or -18.4%).