Exports In 2020, Saudi Arabia exported $95.7B in Crude Petroleum, making it the 1st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Saudi Arabia. The main destination of Crude Petroleum exports from Saudi Arabia are: China ($24.7B), Japan ($15.1B), South Korea ($12.8B), India ($11.1B), and United States ($6.59B).
The fastest growing export markets for Crude Petroleum of Saudi Arabia between 2019 and 2020 were Egypt ($734M), Brunei ($103M), and Austria ($77.2M).
Imports In 2020, Saudi Arabia imported $16.5M in Crude Petroleum, becoming the 79th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 605th most imported product in Saudi Arabia. Saudi Arabia imports Crude Petroleum primarily from: United States ($16.5M), United Arab Emirates ($5.67k), and Poland ($78).
The fastest growing import markets in Crude Petroleum for Saudi Arabia between 2019 and 2020 were United States ($16.5M) and Poland ($78).
Tariffs In 2017, the average tariff for Saudi Arabia in Crude Petroleum was 4.5%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).