2021
Exports | Imports
$35.9B | $7.43BWorld Rnk 8 / 218
Flag Rnk 2 / 1142
World Rnk 27 / 226
Flag Rnk 2 / 1208
2021
ECONOMIC COMPLEXITY of Saudi Arabia
0.9Rnk 31 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Saudi Arabia exported $35.9B in Refined Petroleum, making it the 8th 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: United Arab Emirates ($4.61B), Egypt ($3.83B), United States ($2.29B), France ($2.25B), and Italy ($1.97B).

The fastest growing export markets for Refined Petroleum of Saudi Arabia between 2020 and 2021 were United Arab Emirates ($3.97B), Egypt ($3.77B), and United States ($1.86B).

Imports In 2021, Saudi Arabia imported $7.43B in Refined Petroleum, becoming the 27th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Saudi Arabia. Saudi Arabia imports Refined Petroleum primarily from: India ($2.17B), Greece ($1.09B), Russia ($892M), United Arab Emirates ($835M), and Egypt ($689M).

The fastest growing import markets in Refined Petroleum for Saudi Arabia between 2020 and 2021 were India ($1.57B), Greece ($901M), and Russia ($509M).

Latest Trends

Dec 2023

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 Refined Petroleum. 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 (2021)$35.9B
IMPORTS (2021)$7.43B
NET TRADE (2021)$28.5B

In 2021, Saudi Arabia exported $35.9B in Refined Petroleum. The main destinations of Saudi Arabia exports on Refined Petroleum were United Arab Emirates ($4.61B), Egypt ($3.83B), United States ($2.29B), France ($2.25B), and Italy ($1.97B).

In 2021, Saudi Arabia imported $7.43B in Refined Petroleum, mainly from India ($2.17B), Greece ($1.09B), Russia ($892M), United Arab Emirates ($835M), and Egypt ($689M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Saudi Arabia WERE (2020 - 2021):
Egypt$3.77B (5.73k%)
United States$1.86B (433%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Saudi Arabia WERE (2020 - 2021):
Uganda-$124M (-100%)
Ethiopia-$86.9M (-65.5%)
United Kingdom-$52.2M (-6.47%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Saudi Arabia's main exporting competitors in Refined Petroleum were:
In 2021, Saudi Arabia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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