HS Icon Mineral Products in  Flag Saudi Arabia

2020
Exports | Imports
: $110B | $5.36B, World Rnk 4 / 221
Flag Rnk 1 / 21 | World Rnk 48 / 226
Flag Rnk 10 / 21

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 Products
: -2.29, Rnk 21 / 21

Exports In 2020, Saudi Arabia exported $110B in Mineral Products, making it the 4th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 1st most exported product in Saudi Arabia. The main destination of Mineral Products exports from Saudi Arabia are: China ($25.6B), Japan ($15.6B), South Korea ($13.3B), India ($13B), and United States ($7.08B).

The fastest growing export markets for Mineral Products of Saudi Arabia between 2019 and 2020 were Brunei ($103M), Nigeria ($82M), and Austria ($77.2M).

Imports In 2020, Saudi Arabia imported $5.36B in Mineral Products, becoming the 48th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 10th most imported product in Saudi Arabia. Saudi Arabia imports Mineral Products primarily from: Netherlands ($749M), India ($708M), United Arab Emirates ($519M), Singapore ($455M), and Egypt ($409M).

The fastest growing import markets in Mineral Products for Saudi Arabia between 2019 and 2020 were Singapore ($440M), Russia ($233M), and India ($216M).

Tariffs In 2017, the average tariff for Saudi Arabia in Mineral Products was 4.5%. The countries with the highest import tariffs for Mineral Products 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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Y-AXIS SCALE

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 Mineral Products. 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): $110B

IMPORTS (2020): $5.36B

NET TRADE (2020): $105B

In 2020, Saudi Arabia exported $110B in Mineral Products. The main destinations of Saudi Arabia exports on Mineral Products were China ($25.6B), Japan ($15.6B), South Korea ($13.3B), India ($13B), and United States ($7.08B).

In 2020, Saudi Arabia imported $5.36B in Mineral Products, mainly from Netherlands ($749M), India ($708M), United Arab Emirates ($519M), Singapore ($455M), and Egypt ($409M).

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IN 2020, Saudi Arabia HAD A POSITIVE NET TRADE IN Mineral Products WITH:

IN 2020, Saudi Arabia HAD A NEGATIVE NET TRADE IN Mineral Products WITH:

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THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Saudi Arabia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products 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 Products were:

In 2019, Saudi Arabia's main importing competitors in Mineral Products were:

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Tariffs by Country

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In 2017, the average tariff for Saudi Arabia in Mineral Products was 4.5%.

The countries with the highest tariffs for Mineral Products in Saudi Arabia 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%).