2023
Exports
$87.5MWorld Rnk 80 / 223
Flag Rnk 18 / 21
2023
PRODUCT COMPLEXITY IN Wood Products
0.31Rnk 454 / 1025
2023
Imports
$1.76BWorld Rnk 21 / 226
Flag Rnk 17 / 21
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $87.5M in Wood Products, making it the 80th largest exporter of Wood Products in the world. At the same year, Wood Products was the 18th most exported product in Saudi Arabia. The main destination of Wood Products exports from Saudi Arabia are: Yemen ($31.2M), Kuwait ($13.7M), United Kingdom ($12.3M), United Arab Emirates ($5.64M), and Bahrain ($5.16M).

The fastest growing export markets for Wood Products of Saudi Arabia between 2022 and 2023 were United Kingdom ($6.96M), United Arab Emirates ($2.23M), and Sweden ($1.74M).

Imports In 2023, Saudi Arabia imported $1.76B in Wood Products, becoming the 21st largest importer of Wood Products in the world. At the same year, Wood Products was the 17th most imported product in Saudi Arabia. Saudi Arabia imports Wood Products primarily from: China ($401M), Thailand ($207M), Indonesia ($199M), Sweden ($102M), and Finland ($94.9M).

The fastest growing import markets in Wood Products for Saudi Arabia between 2022 and 2023 were South Korea ($34.9M), Indonesia ($21M), and Turkey ($18.8M).

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 Wood Products. 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)$87.5M
IMPORTS (2023)$1.76B
NET TRADE (2023)-$1.67B

In 2023, Saudi Arabia exported $87.5M in Wood Products. The main destinations of Saudi Arabia exports on Wood Products were Yemen ($31.2M), Kuwait ($13.7M), United Kingdom ($12.3M), United Arab Emirates ($5.64M), and Bahrain ($5.16M).

In 2023, Saudi Arabia imported $1.76B in Wood Products, mainly from China ($401M), Thailand ($207M), Indonesia ($199M), Sweden ($102M), and Finland ($94.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
United Kingdom$6.96M (130%)
United Arab Emirates$2.23M (65.3%)
Sweden$1.74M (538%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Saudi Arabia WERE (2022 - 2023):
Yemen-$20M (-39%)
Kuwait-$7.83M (-36.3%)
Bahrain-$3.82M (-42.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Wood Products were:
China $15.6B
Canada $13.6B
Germany $10.8B
In 2023, Saudi Arabia's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $1.36M
TOP IMPORT POTENTIALGermany+ $30M

Wood Products’s highest export potential is United Arab Emirates. With an export gap of $1.36M.   Wood Products’s highest import potential is Germany with an import gap of $30M.

See methodology.

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