Overview In August 2022 Saudi Arabia exported SAR133B and imported SAR58.6B, resulting in a positive trade balance of SAR74.6B. Between August 2021 and August 2022 the exports of Saudi Arabia have increased by SAR44.5B (50.1%) from SAR88.8B to SAR133B, while imports increased by SAR9.72B (19.9%) from SAR48.9B to SAR58.6B.
Trade In August 2022, the top exports of Saudi Arabia were Mineral Products (SAR108B), Chemical Products (SAR9.52B), Plastics and Rubbers (SAR7.86B), Metals (SAR2.14B), and Transportation (SAR1.86B). In August 2022 the top imports of Saudi Arabia were Machines (SAR11.9B), Transportation (SAR6.76B), Chemical Products (SAR6.62B), Metals (SAR5.7B), and Mineral Products (SAR5.17B).
Destinations In August 2022, Saudi Arabia exported mostly to jpn (SAR13.2B), ind (SAR11.9B), kor (SAR11.4B), usa (SAR7.33B), and are (SAR5.19B), and imported mostly from United States (SAR4.57B), United Arab Emirates (SAR3.91B), India (SAR3.77B), Germany (SAR2.97B), and Japan (SAR2.06B).
Growth In August 2022, the increase in Saudi Arabia's year-by-year exports was explained primarily by an increase in exports to China (SAR11.5B or 451%), Japan (SAR7.51B or 5.76k%), and India (SAR6.87B or 725%), and product exports increase in Mineral Products (SAR53.2B or 34.3k%), Plastics and Rubbers (SAR1.2B or 24.5%), and Transportation (SAR619M or 38.9%). In August 2022, the increase in Saudi Arabia's year-by-year imports was explained primarily by an increase in imports from United States (SAR3.06B or 62.2%), China (SAR1.48B or 18.2%), and United Arab Emirates (SAR1.17B or 45.2%), and product imports increase in Weapons (SAR4.08B or 525%), Metals (SAR612M or 17.9%), and Vegetable Products (SAR596M or 32.3%).