2022
Exports
$11.7MWorld Rnk 54 / 188
Flag Rnk 67 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$34MWorld Rnk 46 / 212
Flag Rnk 82 / 96
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $11.7M in Natural gums, resins & other vegetable extracts, making it the 54th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 67th most exported product in Saudi Arabia. The main destination of Natural gums, resins & other vegetable extracts exports from Saudi Arabia are: Kuwait ($5.29M), United Arab Emirates ($4.77M), Bahrain ($976k), Oman ($412k), and South Africa ($90.5k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Saudi Arabia between 2021 and 2022 were Kuwait ($4.63M), United Arab Emirates ($1.38M), and Oman ($164k).

Imports In 2022, Saudi Arabia imported $34M in Natural gums, resins & other vegetable extracts, becoming the 46th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 82nd most imported product in Saudi Arabia. Saudi Arabia imports Natural gums, resins & other vegetable extracts primarily from: United Arab Emirates ($6.18M), Czechia ($4.81M), India ($3.74M), United States ($3.62M), and Indonesia ($3.01M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Saudi Arabia between 2021 and 2022 were United Arab Emirates ($4.2M), India ($2.02M), and United States ($1.45M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
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 Natural gums, resins & other vegetable extracts. 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

Trade Balance

Color
EXPORTS (2022)$11.7M
IMPORTS (2022)$34M
NET TRADE (2022)-$22.3M

In 2022, Saudi Arabia exported $11.7M in Natural gums, resins & other vegetable extracts. The main destinations of Saudi Arabia exports on Natural gums, resins & other vegetable extracts were Kuwait ($5.29M), United Arab Emirates ($4.77M), Bahrain ($976k), Oman ($412k), and South Africa ($90.5k).

In 2022, Saudi Arabia imported $34M in Natural gums, resins & other vegetable extracts, mainly from United Arab Emirates ($6.18M), Czechia ($4.81M), India ($3.74M), United States ($3.62M), and Indonesia ($3.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Kuwait$4.63M (700%)
United Arab Emirates$1.38M (40.7%)
Oman$164k (66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Saudi Arabia WERE (2021 - 2022):
Yemen-$704k (-100%)
United Kingdom-$329k (-80.1%)
Togo-$274k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Saudi Arabia's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $142k
TOP IMPORT POTENTIALIndia+ $3.36M

Natural gums, resins & other vegetable extracts’s highest export potential is United Kingdom. With an export gap of $142k.   Natural gums, resins & other vegetable extracts’s highest import potential is India with an import gap of $3.36M.

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