HS Icon Chemical Products in  Flag Saudi Arabia

2020
Exports | Imports
: $16.8B | $13.6B, World Rnk 23 / 226
Flag Rnk 3 / 21 | World Rnk 31 / 226
Flag Rnk 4 / 21

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $190M | $387M, United States |  Germany


ECONOMIC COMPLEXITY of Saudi Arabia
: 0.86, Rnk 32 / 127


PRODUCT COMPLEXITY  IN Chemical Products
: 0.27, Rnk 10 / 21

Exports In 2020, Saudi Arabia exported $16.8B in Chemical Products, making it the 23rd largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 3rd most exported product in Saudi Arabia. The main destination of Chemical Products exports from Saudi Arabia are: China ($3.49B), India ($2.67B), United Arab Emirates ($915M), United States ($716M), and Singapore ($640M).

The fastest growing export markets for Chemical Products of Saudi Arabia between 2019 and 2020 were United States ($190M), Pakistan ($86.3M), and Vietnam ($73.4M).

Imports In 2020, Saudi Arabia imported $13.6B in Chemical Products, becoming the 31st largest importer of Chemical Products in the world. At the same year, Chemical Products was the 4th most imported product in Saudi Arabia. Saudi Arabia imports Chemical Products primarily from: United Arab Emirates ($1.78B), Germany ($1.56B), United States ($1.12B), India ($815M), and Switzerland ($807M).

The fastest growing import markets in Chemical Products for Saudi Arabia between 2019 and 2020 were Germany ($387M), Hong Kong ($157M), and China ($104M).

Tariffs In 2017, the average tariff for Saudi Arabia in Chemical Products was 4.07%. The countries with the highest import tariffs for Chemical Products were Angola (Most Favoured Nation duty rate treatement, 4.5%), Burundi (Most Favoured Nation duty rate treatement, 4.5%), Benin (Most Favoured Nation duty rate treatement, 4.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 4.5%), and Botswana (Most Favoured Nation duty rate treatement, 4.5%).

Subnational Monthly Trade

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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 Chemical Products. Countries are shown based on data availability.

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

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Historical Data

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EXPORTS (2020): $16.8B

IMPORTS (2020): $13.6B

NET TRADE (2020): $3.19B

In 2020, Saudi Arabia exported $16.8B in Chemical Products. The main destinations of Saudi Arabia exports on Chemical Products were China ($3.49B), India ($2.67B), United Arab Emirates ($915M), United States ($716M), and Singapore ($640M).

In 2020, Saudi Arabia imported $13.6B in Chemical Products, mainly from United Arab Emirates ($1.78B), Germany ($1.56B), United States ($1.12B), India ($815M), and Switzerland ($807M).

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IN 2020, Saudi Arabia HAD A POSITIVE NET TRADE IN Chemical Products WITH:

IN 2020, Saudi Arabia HAD A NEGATIVE NET TRADE IN Chemical Products WITH:

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THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Saudi Arabia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Saudi Arabia WERE (2019 - 2020):

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Market Concentration

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In 2019, Saudi Arabia's main exporting competitors in Chemical Products were:

In 2019, Saudi Arabia's main importing competitors in Chemical Products were:

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Tariffs by Country

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In 2017, the average tariff for Saudi Arabia in Chemical Products was 4.07%.

The countries with the highest tariffs for Chemical Products in Saudi Arabia were Angola (Most Favoured Nation duty rate treatement, 4.5%), Burundi (Most Favoured Nation duty rate treatement, 4.5%), Benin (Most Favoured Nation duty rate treatement, 4.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 4.5%), and Botswana (Most Favoured Nation duty rate treatement, 4.5%).