Crude Petroleum in Saudi Arabia 2021 Exports | Imports : $138B | $80.8k, World Rnk 1 / 147 Rnk 1 / 1142 | World Rnk 109 / 163 Rnk 1139 / 1208
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $13.6B | $74.2k, China | Moldova
2021 ECONOMIC COMPLEXITY of Saudi Arabia: 0.9, Rnk 31 / 131
2021 PRODUCT COMPLEXITY IN Crude Petroleum: -2.38, Rnk 1024 / 1029
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).
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 treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).
Apr 2023
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.
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).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Saudi Arabia WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Saudi Arabia WERE (2020 - 2021):
In 2021, Saudi Arabia's main exporting competitors in Crude Petroleum were:
In 2021, Saudi Arabia's main importing competitors in Crude Petroleum were:
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