HS Icon Weapons in  Flag Saudi Arabia

2020
Exports | Imports
: $731k | $932M, World Rnk 70 / 154
Flag Rnk 21 / 21 | World Rnk 2 / 207
Flag Rnk 19 / 21

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $510k | $53.6M, Switzerland |  South Korea


ECONOMIC COMPLEXITY of Saudi Arabia
: 0.86, Rnk 32 / 127


PRODUCT COMPLEXITY  IN Weapons
: 0.7, Rnk 6 / 21

Exports In 2020, Saudi Arabia exported $731k in Weapons, making it the 70th largest exporter of Weapons in the world. At the same year, Weapons was the 21st most exported product in Saudi Arabia. The main destination of Weapons exports from Saudi Arabia are: Switzerland ($510k), United States ($165k), Czechia ($25.2k), Austria ($23.9k), and Canada ($3.05k).

The fastest growing export markets for Weapons of Saudi Arabia between 2019 and 2020 were Switzerland ($510k), Czechia ($22.8k), and Canada ($3.05k).

Imports In 2020, Saudi Arabia imported $932M in Weapons, becoming the 2nd largest importer of Weapons in the world. At the same year, Weapons was the 19th most imported product in Saudi Arabia. Saudi Arabia imports Weapons primarily from: United States ($614M), South Korea ($104M), Spain ($67.7M), France ($49.8M), and Slovakia ($19.5M).

The fastest growing import markets in Weapons for Saudi Arabia between 2019 and 2020 were South Korea ($53.6M), Spain ($52.7M), and Slovakia ($12.6M).

Tariffs In 2017, the average tariff for Saudi Arabia in Weapons was 4.5%. The countries with the highest import tariffs for Weapons 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%).

Subnational Monthly Trade

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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 Weapons. 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

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EXPORTS (2020): $731k

IMPORTS (2020): $932M

NET TRADE (2020): -$931M

In 2020, Saudi Arabia exported $731k in Weapons. The main destinations of Saudi Arabia exports on Weapons were Switzerland ($510k), United States ($165k), Czechia ($25.2k), Austria ($23.9k), and Canada ($3.05k).

In 2020, Saudi Arabia imported $932M in Weapons, mainly from United States ($614M), South Korea ($104M), Spain ($67.7M), France ($49.8M), and Slovakia ($19.5M).

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IN 2020, Saudi Arabia HAD A POSITIVE NET TRADE IN Weapons WITH:: Burundi , $2.94k ($42.1k - $39.2k)

IN 2020, Saudi Arabia HAD A NEGATIVE NET TRADE IN Weapons WITH:

Flow

THE FASTEST GROWING Weapons EXPORT MARKETS FOR Saudi Arabia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons BY Saudi Arabia WERE (2019 - 2020):

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Market Concentration

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In 2019, Saudi Arabia's main exporting competitors in Weapons were:

In 2019, Saudi Arabia's main importing competitors in Weapons were:

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Tariffs by Country

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In 2017, the average tariff for Saudi Arabia in Weapons was 4.5%.

The countries with the highest tariffs for Weapons 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%).