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Exports In 2018, Saudi Arabia exported $150k in Nitric Acids, making it the 48th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 710th most exported product in Saudi Arabia. The main destination of Nitric Acids exports from Saudi Arabia are: Kuwait ($125k) and Bahrain ($25.8k).

The fastest growing export markets for Nitric Acids of Saudi Arabia between 2021 and 2022 were Kuwait ($125k) and Bahrain ($8.37k).

Imports In 2022, Saudi Arabia imported $2.89M in Nitric Acids, becoming the 34th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 889th most imported product in Saudi Arabia. Saudi Arabia imports Nitric Acids primarily from: South Korea ($2.47M), United Arab Emirates ($116k), Netherlands ($86.2k), India ($69.8k), and United States ($30.3k).

The fastest growing import markets in Nitric Acids for Saudi Arabia between 2021 and 2022 were South Korea ($524k), United Arab Emirates ($106k), and United States ($28.9k).

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 Nitric Acids. 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)$150k
IMPORTS (2022)$2.89M
NET TRADE (2022)-$2.74M

In 2022, Saudi Arabia exported $150k in Nitric Acids. The main destinations of Saudi Arabia exports on Nitric Acids were Kuwait ($125k) and Bahrain ($25.8k).

In 2022, Saudi Arabia imported $2.89M in Nitric Acids, mainly from South Korea ($2.47M), United Arab Emirates ($116k), Netherlands ($86.2k), India ($69.8k), and United States ($30.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Kuwait$125k (1%)
Bahrain$8.37k (48.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Saudi Arabia WERE (2021 - 2022):
Ethiopia-$31.1k (-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 Nitric Acids were:
In 2022, Saudi Arabia's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $945
TOP IMPORT POTENTIALIndia+ $55.2k

Nitric Acids’s highest export potential is Germany. With an export gap of $945.   Nitric Acids’s highest import potential is India with an import gap of $55.2k.

See methodology.

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