About

Exports In 2022, Saudi Arabia exported $236B in Petroleum oils, oils from bituminous minerals, crude, making it the 1st largest exporter of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 1st most exported product in Saudi Arabia. The main destination of Petroleum oils, oils from bituminous minerals, crude exports from Saudi Arabia are: China ($56.1B), Japan ($34.3B), India ($32.7B), South Korea ($32.5B), and United States ($16.6B).

The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude of Saudi Arabia between 2021 and 2022 were China ($17.6B), India ($14.8B), and South Korea ($13.8B).

Imports In 2022, Saudi Arabia imported $650M in Petroleum oils, oils from bituminous minerals, crude, becoming the 58th largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 38th most imported product in Saudi Arabia. Saudi Arabia imports Petroleum oils, oils from bituminous minerals, crude primarily from: Nigeria ($650M) and United Arab Emirates ($712).

The fastest growing import markets in Petroleum oils, oils from bituminous minerals, crude for Saudi Arabia between 2021 and 2022 were Nigeria ($650M).

COMPANIES In 2023, leading companies such as REI (Recreational Equipment Incorporated) (35), Continental Materials (15), and Soho Studio (14) were at the forefront of shipping Petroleum oils, oils from bituminous minerals, crude from Saudi Arabia to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum oils, oils from bituminous minerals, crude. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$236B
IMPORTS (2022)$650M
NET TRADE (2022)$235B

In 2022, Saudi Arabia exported $236B in Petroleum oils, oils from bituminous minerals, crude. The main destinations of Saudi Arabia exports on Petroleum oils, oils from bituminous minerals, crude were China ($56.1B), Japan ($34.3B), India ($32.7B), South Korea ($32.5B), and United States ($16.6B).

In 2022, Saudi Arabia imported $650M in Petroleum oils, oils from bituminous minerals, crude, mainly from Nigeria ($650M) and United Arab Emirates ($712).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum oils, oils from bituminous minerals, crude EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
China$17.6B (45.9%)
India$14.8B (82.5%)
South Korea$13.8B (74.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum oils, oils from bituminous minerals, crude BY Saudi Arabia WERE (2021 - 2022):
South Africa-$607M (-28.3%)
Brunei-$450M (-57%)
Portugal-$91.3M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
In 2022, Saudi Arabia's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:

Explore Visualizations

Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with