HS Icon Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes in  Flag Saudi Arabia

2020
Exports | Imports
: $109B | $4.66B, World Rnk 3 / 216
Flag Rnk 1 / 96 | World Rnk 48 / 224
Flag Rnk 6 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $103M | $440M, Brunei |  Singapore


ECONOMIC COMPLEXITY of Saudi Arabia
: 0.86, Rnk 32 / 127


PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...
: -2.55, Rnk 96 / 96

Exports In 2020, Saudi Arabia exported $109B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., making it the 3rd largest exporter of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 1st most exported product in Saudi Arabia. The main destination of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... exports from Saudi Arabia are: China ($25.2B), Japan ($15.5B), South Korea ($13.3B), India ($13B), and United States ($7.03B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... of Saudi Arabia between 2019 and 2020 were Brunei ($103M), Nigeria ($99.2M), and Austria ($77.2M).

Imports In 2020, Saudi Arabia imported $4.66B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., becoming the 48th largest importer of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 6th most imported product in Saudi Arabia. Saudi Arabia imports Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... primarily from: Netherlands ($747M), India ($623M), United Arab Emirates ($505M), Singapore ($454M), and Egypt ($399M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... for Saudi Arabia between 2019 and 2020 were Singapore ($440M), Russia ($233M), and India ($209M).

Tariffs In 2017, the average tariff for Saudi Arabia in Mineral fuels, mineral oils and products of their... was 4.5%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes. 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

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EXPORTS (2020): $109B

IMPORTS (2020): $4.66B

NET TRADE (2020): $104B

In 2020, Saudi Arabia exported $109B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral.... The main destinations of Saudi Arabia exports on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were China ($25.2B), Japan ($15.5B), South Korea ($13.3B), India ($13B), and United States ($7.03B).

In 2020, Saudi Arabia imported $4.66B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., mainly from Netherlands ($747M), India ($623M), United Arab Emirates ($505M), Singapore ($454M), and Egypt ($399M).

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IN 2020, Saudi Arabia HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... WITH:

IN 2020, Saudi Arabia HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... WITH:

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THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... EXPORT MARKETS FOR Saudi Arabia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... BY Saudi Arabia WERE (2019 - 2020):

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Market Concentration

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In 2019, Saudi Arabia's main exporting competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

In 2019, Saudi Arabia's main importing competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

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