2023
Exports
$211kWorld Rnk 45 / 116
Flag Rnk 834 / 1148
2023
PRODUCT COMPLEXITY IN Peat
0.017Rnk 552 / 1025
2023
Imports
$22.2MWorld Rnk 16 / 198
Flag Rnk 592 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $211k in Peat, making it the 45th largest exporter of Peat in the world. At the same year, Peat was the 834th most exported product in Saudi Arabia. The main destination of Peat exports from Saudi Arabia are: Oman ($134k), United States ($32.9k), Bahrain ($25.8k), Qatar ($17k), and United Arab Emirates ($1.18k).

The fastest growing export markets for Peat of Saudi Arabia between 2022 and 2023 were Oman ($124k), United States ($32.9k), and Qatar ($17k).

Imports In 2023, Saudi Arabia imported $22.2M in Peat, becoming the 16th largest importer of Peat in the world. At the same year, Peat was the 592nd most imported product in Saudi Arabia. Saudi Arabia imports Peat primarily from: Lithuania ($10.4M), Latvia ($6.88M), Germany ($1.85M), Portugal ($1.06M), and Poland ($644k).

The fastest growing import markets in Peat for Saudi Arabia between 2022 and 2023 were Latvia ($1.52M), Portugal ($1.06M), and Germany ($627k).

Latest Trends

Dec 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 Peat. 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 (2023)$211k
IMPORTS (2023)$22.2M
NET TRADE (2023)-$22M

In 2023, Saudi Arabia exported $211k in Peat. The main destinations of Saudi Arabia exports on Peat were Oman ($134k), United States ($32.9k), Bahrain ($25.8k), Qatar ($17k), and United Arab Emirates ($1.18k).

In 2023, Saudi Arabia imported $22.2M in Peat, mainly from Lithuania ($10.4M), Latvia ($6.88M), Germany ($1.85M), Portugal ($1.06M), and Poland ($644k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Oman$124k (1.31k%)
United States$32.9k (1%)
Qatar$17k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Saudi Arabia WERE (2022 - 2023):
Belgium-$31.5k (-100%)
Netherlands-$56 (-100%)
Czechia-$21 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Peat were:
In 2023, Saudi Arabia's main importing competitors in Peat were:

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALOman+ $1.18k
TOP IMPORT POTENTIALGermany+ $513k

Peat’s highest export potential is Oman. With an export gap of $1.18k.   Peat’s highest import potential is Germany with an import gap of $513k.

See methodology.

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