2021
Exports | Imports
$138B | $80.8kWorld Rnk 1 / 147
Flag Rnk 1 / 1142
World Rnk 109 / 163
Flag Rnk 1139 / 1208
2021
ECONOMIC COMPLEXITY of Saudi Arabia
0.9Rnk 31 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Saudi Arabia exported $138B 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 ($38.3B), Japan ($21.9B), South Korea ($18.5B), India ($15.8B), and United States ($7.76B).

The fastest growing export markets for Crude Petroleum of Saudi Arabia between 2020 and 2021 were China ($13.6B), Japan ($6.84B), and South Korea ($5.77B).

Imports In 2021, Saudi Arabia imported $80.8k in Crude Petroleum, becoming the 109th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1139th most imported product in Saudi Arabia. Saudi Arabia imports Crude Petroleum primarily from: Moldova ($74.2k), United Arab Emirates ($3.82k), and France ($2.82k).

The fastest growing import markets in Crude Petroleum for Saudi Arabia between 2020 and 2021 were Moldova ($74.2k) and France ($2.82k).

Latest Trends

Dec 2023

Subnational Monthly Trade

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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 Crude Petroleum. 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

Trade Balance

Color
EXPORTS (2021)$138B
IMPORTS (2021)$80.8k
NET TRADE (2021)$138B

In 2021, Saudi Arabia exported $138B in Crude Petroleum. The main destinations of Saudi Arabia exports on Crude Petroleum were China ($38.3B), Japan ($21.9B), South Korea ($18.5B), India ($15.8B), and United States ($7.76B).

In 2021, Saudi Arabia imported $80.8k in Crude Petroleum, mainly from Moldova ($74.2k), United Arab Emirates ($3.82k), and France ($2.82k).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Saudi Arabia WERE (2020 - 2021):
China$13.6B (55.2%)
Japan$6.84B (45.4%)
South Korea$5.77B (45.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Saudi Arabia WERE (2020 - 2021):
Bahrain-$2.51B (-100%)
Malaysia-$1.08B (-63.2%)
Portugal-$203M (-69%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Saudi Arabia's main exporting competitors in Crude Petroleum were:
Canada $81.2B
In 2021, Saudi Arabia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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