Crude Petroleum in Saudi Arabia

EXPORTS (2019): $145B, World Rnk 1 / 135
Flag Rnk 1 / 1089

TOP DESTINATION (2019): $35.5B, China

FASTEST GROWING MARKET (2018 - 2019): $9.27B, China

IMPORTS (2019): $26.6M, World Rnk 82 / 156
Flag Rnk 524 / 1193

TOP ORIGIN (2019): $24.5M, Malaysia

FASTEST GROWING ORIGIN (2018 - 2019): $24.5M, Malaysia

ECONOMIC COMPLEXITY of Saudi Arabia (2019): 0.92, Rnk 33 / 157

PRODUCT COMPLEXITY  IN Crude Petroleum (2019): -3.02, Rnk 1029 / 1029

Exports: In 2019, Saudi Arabia exported $145B 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 ($35.5B), Japan ($23B), India ($18.4B), South Korea ($17.5B), and United States ($10.1B).

The fastest growing export markets for Crude Petroleum of Saudi Arabia between 2018 and 2019 were China ($9.27B), Poland ($664M), and Egypt ($526M).

Imports: In 2019, Saudi Arabia imported $26.6M in Crude Petroleum, becoming the 82nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 524th most imported product in Saudi Arabia. Saudi Arabia imports Crude Petroleum primarily from: Malaysia ($24.5M), United Arab Emirates ($2.02M), Spain ($1.72k), Brazil ($131), and Netherlands ($30).

The fastest growing import markets in Crude Petroleum for Saudi Arabia between 2018 and 2019 were Malaysia ($24.5M), Spain ($1.66k), and Brazil ($131).

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 (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Value

EXPORTS (2019): $145B

IMPORTS (2019): $26.6M

NET TRADE (2019): $145B

In 2019, Saudi Arabia exported $145B in Crude Petroleum. The main destinations of Saudi Arabia exports on Crude Petroleum were China ($35.5B), Japan ($23B), India ($18.4B), South Korea ($17.5B), and United States ($10.1B).

In 2019, Saudi Arabia imported $26.6M in Crude Petroleum, mainly from Malaysia ($24.5M), United Arab Emirates ($2.02M), Spain ($1.72k), Brazil ($131), and Netherlands ($30).

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IN 2019, Saudi Arabia HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Saudi Arabia HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:: United Arab Emirates , -$2.01M ($4.85k - $2.02M)

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Saudi Arabia WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Saudi Arabia WERE (2018 - 2019):

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Market Concentration

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In 2018, Saudi Arabia's main exporting competitors in Crude Petroleum were:

In 2018, Saudi Arabia's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2017, the average tariff for Saudi Arabia in Crude Petroleum was 4.5%.

The countries with the highest tariffs for Crude Petroleum in Saudi Arabia were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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