2022
Exports
$230kWorld Rnk 87 / 209
Flag Rnk 657 / 1100
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$132MWorld Rnk 29 / 223
Flag Rnk 244 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $230k in Padlocks, making it the 87th largest exporter of Padlocks in the world. At the same year, Padlocks was the 657th most exported product in Saudi Arabia. The main destination of Padlocks exports from Saudi Arabia are: Egypt ($51.7k), Bulgaria ($39.6k), Kuwait ($30.9k), Oman ($26.3k), and Senegal ($18.2k).

The fastest growing export markets for Padlocks of Saudi Arabia between 2021 and 2022 were Egypt ($50.5k), Bulgaria ($38.7k), and Kuwait ($28.3k).

Imports In 2022, Saudi Arabia imported $132M in Padlocks, becoming the 29th largest importer of Padlocks in the world. At the same year, Padlocks was the 244th most imported product in Saudi Arabia. Saudi Arabia imports Padlocks primarily from: China ($72.1M), United Arab Emirates ($19.9M), Italy ($10.6M), Spain ($7.11M), and United States ($4.95M).

The fastest growing import markets in Padlocks for Saudi Arabia between 2021 and 2022 were China ($20.7M), United Arab Emirates ($6.82M), and Turkey ($2.69M).

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 Padlocks. 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)$230k
IMPORTS (2022)$132M
NET TRADE (2022)-$132M

In 2022, Saudi Arabia exported $230k in Padlocks. The main destinations of Saudi Arabia exports on Padlocks were Egypt ($51.7k), Bulgaria ($39.6k), Kuwait ($30.9k), Oman ($26.3k), and Senegal ($18.2k).

In 2022, Saudi Arabia imported $132M in Padlocks, mainly from China ($72.1M), United Arab Emirates ($19.9M), Italy ($10.6M), Spain ($7.11M), and United States ($4.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Egypt$50.5k (4.29k%)
Bulgaria$38.7k (4.21k%)
Kuwait$28.3k (1.07k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Saudi Arabia WERE (2021 - 2022):
Yemen-$155k (-100%)
Bahrain-$144k (-98%)
United Arab Emirates-$86.8k (-97.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Saudi Arabia's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALEgypt+ $29.9k
TOP IMPORT POTENTIALChina+ $12.4M

Padlocks’s highest export potential is Egypt. With an export gap of $29.9k.   Padlocks’s highest import potential is China with an import gap of $12.4M.

See methodology.

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