Refined Petroleum in Saudi Arabia 2020 Exports | Imports : $10.7B | $3.86B, World Rnk 11 / 212 Rnk 2 / 1109 | World Rnk 31 / 224 Rnk 3 / 1204
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $255M | $440M, Indonesia | Singapore
Exports In 2020, Saudi Arabia exported $10.7B in Refined Petroleum, making it the 11th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Saudi Arabia. The main destination of Refined Petroleum exports from Saudi Arabia are: France ($1.38B), Italy ($931M), United Kingdom ($808M), United Arab Emirates ($654M), and Singapore ($607M).
The fastest growing export markets for Refined Petroleum of Saudi Arabia between 2019 and 2020 were Indonesia ($255M), Nigeria ($99.3M), and Ireland ($53M).
Imports In 2020, Saudi Arabia imported $3.86B in Refined Petroleum, becoming the 31st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Saudi Arabia. Saudi Arabia imports Refined Petroleum primarily from: India ($598M), Netherlands ($535M), United Arab Emirates ($492M), Singapore ($453M), and Egypt ($388M).
The fastest growing import markets in Refined Petroleum for Saudi Arabia between 2019 and 2020 were Singapore ($440M), India ($226M), and Russia ($223M).
Tariffs In 2017, the average tariff for Saudi Arabia in Refined Petroleum was 4.5%. The countries with the highest import tariffs for Refined Petroleum 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%).
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 Refined Petroleum. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2020): $10.7B
IMPORTS (2020): $3.86B
NET TRADE (2020): $6.83B
In 2020, Saudi Arabia exported $10.7B in Refined Petroleum. The main destinations of Saudi Arabia exports on Refined Petroleum were France ($1.38B), Italy ($931M), United Kingdom ($808M), United Arab Emirates ($654M), and Singapore ($607M).
In 2020, Saudi Arabia imported $3.86B in Refined Petroleum, mainly from India ($598M), Netherlands ($535M), United Arab Emirates ($492M), Singapore ($453M), and Egypt ($388M).
IN 2020, Saudi Arabia HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:
IN 2020, Saudi Arabia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Saudi Arabia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Saudi Arabia WERE (2019 - 2020):
In 2019, Saudi Arabia's main exporting competitors in Refined Petroleum were:
In 2019, Saudi Arabia's main importing competitors in Refined Petroleum were:
In 2017, the average tariff for Saudi Arabia in Refined Petroleum was 4.5%.
The countries with the highest tariffs for Refined Petroleum 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%).
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