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%).