Machines in Saudi Arabia 2020 Exports | Imports : $2.87B | $31.7B, World Rnk 54 / 226 Rnk 6 / 21 | World Rnk 34 / 226 Rnk 1 / 21
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $317M | $2.75B, United Arab Emirates | China
Exports In 2020, Saudi Arabia exported $2.87B in Machines, making it the 54th largest exporter of Machines in the world. At the same year, Machines was the 6th most exported product in Saudi Arabia. The main destination of Machines exports from Saudi Arabia are: United Arab Emirates ($755M), Bahrain ($246M), United States ($200M), China ($191M), and Hong Kong ($182M).
The fastest growing export markets for Machines of Saudi Arabia between 2019 and 2020 were United Arab Emirates ($317M), Bahrain ($176M), and United States ($159M).
Imports In 2020, Saudi Arabia imported $31.7B in Machines, becoming the 34th largest importer of Machines in the world. At the same year, Machines was the 1st most imported product in Saudi Arabia. Saudi Arabia imports Machines primarily from: China ($11.1B), United Arab Emirates ($5.3B), United States ($2.43B), Germany ($1.69B), and Italy ($1.63B).
The fastest growing import markets in Machines for Saudi Arabia between 2019 and 2020 were China ($2.75B), Finland ($91.7M), and Italy ($90M).
Tariffs In 2017, the average tariff for Saudi Arabia in Machines was 3.53%. The countries with the highest import tariffs for Machines were Angola (Most Favoured Nation duty rate treatement, 3.92%), Burundi (Most Favoured Nation duty rate treatement, 3.92%), Benin (Most Favoured Nation duty rate treatement, 3.92%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.92%), and Botswana (Most Favoured Nation duty rate treatement, 3.92%).
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 Machines. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2020): $2.87B
IMPORTS (2020): $31.7B
NET TRADE (2020): -$28.8B
In 2020, Saudi Arabia exported $2.87B in Machines. The main destinations of Saudi Arabia exports on Machines were United Arab Emirates ($755M), Bahrain ($246M), United States ($200M), China ($191M), and Hong Kong ($182M).
In 2020, Saudi Arabia imported $31.7B in Machines, mainly from China ($11.1B), United Arab Emirates ($5.3B), United States ($2.43B), Germany ($1.69B), and Italy ($1.63B).
IN 2020, Saudi Arabia HAD A POSITIVE NET TRADE IN Machines WITH:
IN 2020, Saudi Arabia HAD A NEGATIVE NET TRADE IN Machines WITH:
THE FASTEST GROWING Machines EXPORT MARKETS FOR Saudi Arabia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machines BY Saudi Arabia WERE (2019 - 2020):
In 2019, Saudi Arabia's main exporting competitors in Machines were:
In 2019, Saudi Arabia's main importing competitors in Machines were:
In 2017, the average tariff for Saudi Arabia in Machines was 3.53%.
The countries with the highest tariffs for Machines in Saudi Arabia were Angola (Most Favoured Nation duty rate treatement, 3.92%), Burundi (Most Favoured Nation duty rate treatement, 3.92%), Benin (Most Favoured Nation duty rate treatement, 3.92%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.92%), and Botswana (Most Favoured Nation duty rate treatement, 3.92%).
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