2022
Exports
$4.05MWorld Rnk 15 / 82
Flag Rnk 569 / 3525
2022
Imports
$4.2MWorld Rnk 24 / 152
Flag Rnk 2083 / 4382
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $4.05M in Salts of formic acid, making it the 15th largest exporter of Salts of formic acid in the world. At the same year, Salts of formic acid was the 569th most exported product in Saudi Arabia. The main destination of Salts of formic acid exports from Saudi Arabia are: India ($2.13M), Pakistan ($1.36M), Japan ($408k), Brazil ($128k), and Egypt ($21.5k).

The fastest growing export markets for Salts of formic acid of Saudi Arabia between 2021 and 2022 were India ($735k), Pakistan ($626k), and Japan ($224k).

Imports In 2022, Saudi Arabia imported $4.2M in Salts of formic acid, becoming the 24th largest importer of Salts of formic acid in the world. At the same year, Salts of formic acid was the 2083rd most imported product in Saudi Arabia. Saudi Arabia imports Salts of formic acid primarily from: China ($2.86M), Germany ($712k), Norway ($575k), United Arab Emirates ($25.8k), and India ($21.8k).

The fastest growing import markets in Salts of formic acid for Saudi Arabia between 2021 and 2022 were Germany ($221k), Norway ($141k), and India ($21.7k).

COMPANIES In 2023, leading companies such as REI (Recreational Equipment Incorporated) (35), Continental Materials (15), and Soho Studio (14) were at the forefront of shipping Salts of formic acid from Saudi Arabia to the United States.

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 Salts of formic acid. 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)$4.05M
IMPORTS (2022)$4.2M
NET TRADE (2022)-$156k

In 2022, Saudi Arabia exported $4.05M in Salts of formic acid. The main destinations of Saudi Arabia exports on Salts of formic acid were India ($2.13M), Pakistan ($1.36M), Japan ($408k), Brazil ($128k), and Egypt ($21.5k).

In 2022, Saudi Arabia imported $4.2M in Salts of formic acid, mainly from China ($2.86M), Germany ($712k), Norway ($575k), United Arab Emirates ($25.8k), and India ($21.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Salts of formic acid EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
India$735k (52.6%)
Pakistan$626k (85.6%)
Japan$224k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salts of formic acid BY Saudi Arabia WERE (2021 - 2022):
Djibouti-$261k (-100%)
Australia-$144k (-100%)
United Arab Emirates-$23.3k (-91.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Salts of formic acid were:
In 2022, Saudi Arabia's main importing competitors in Salts of formic acid were:

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Trade Value of Salts of formic acid by Exporters

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