United Kingdom (GBR) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Saudi Arabia (SAU) Trade

2022

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Exports $4.4BRnk 24 / 224

2022

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About

United Kingdom-Saudi Arabia Trade: In 2022, United Kingdom exported $4.4B to Saudi Arabia. The main products that United Kingdom exported to Saudi Arabia were Gas Turbines ($829M), Cars ($323M), and Packaged Medicaments ($304M). Over the past 5 years the exports of United Kingdom to Saudi Arabia have decreased at an annualized rate of 2.48%, from $4.99B in 2017 to $4.4B in 2022.

In 2022, United Kingdom did not export any services to Saudi Arabia.

Saudi Arabia-United Kingdom Trade: In 2022, Saudi Arabia exported $3.19B to United Kingdom. The main products that Saudi Arabia exported to United Kingdom were Refined Petroleum ($2.47B), Ethylene Polymers ($215M), and Crude Petroleum ($99.9M). Over the past 5 years the exports of Saudi Arabia to United Kingdom have increased at an annualized rate of 11.5%, from $1.85B in 2017 to $3.19B in 2022.

In 2022, Saudi Arabia did not export any services to United Kingdom.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £309M and imported £78.1M from Saudi Arabia, resulting in a positive trade balance of £230M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-106M (-25.5%) from £414M to £309M, while imports decreased by £-102M (-56.6%) from £180M to £78.1M.

Trade In August 2024, the top exports of United Kingdom to Saudi Arabia were Gas Turbines (£85.3M), Packaged Medicaments (£28.6M), Cars (£14.7M), Aircraft parts including unmanned craft (£11.3M), and Computers (£11.1M). In August 2024 the top imports of United Kingdom from Saudi Arabia were Refined Petroleum (£170M), Gas Turbines (£41.8M), Raw Aluminium (£4.03M), Ethylene Polymers (£3.9M), and Computers (£2.6M).

Origins In August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£123M), Warton Aerodrome (£59.6M), London Gateway (£53.7M), Southampton (£19.4M), and Felixstowe (£14M), while imports destinations were mainly London Heathrow Airport (£35.3M), Warton Aerodrome (£20.4M), Dover (£11.3M), and Liverpool (£1.16M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Processed Cereals (£-5.56M or -97.1%), Felt or Coated Fabric Garments (£-1.71M or -97.9%), and Perfumes (£-1.6M or -54.6%). In August 2024, the decrease in United Kingdom's year-by-year imports from Saudi Arabia was explained primarily by an decrease in product imports in Gas Turbines (£-35.3M or -45.8%), Ethylene Polymers (£-1.62M or -29.4%), and Other Measuring Instruments (£-1.2M or -83.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)£-106M(-25.5%)

IMPORT GROWTH (August 2023 - August 2024)£-102M(-56.6%)

MAIN EXPORTER (August 2024)London Heathrow Airport£123M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Saudi Arabia and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $4.4B to Saudi Arabia. The main products exported from United Kingdom to Saudi Arabia were Gas Turbines ($829M), Cars ($323M), and Packaged Medicaments ($304M). During the last 5 years the exports of United Kingdom to Saudi Arabia have decreased at an annualized rate of 2.48%, from $4.99B in 2017 to $4.4B in 2022.

In 2017, Saudi Arabia exported $3.19B to United Kingdom. The main products exported from Saudi Arabia to United Kingdom were Refined Petroleum ($2.47B), Ethylene Polymers ($215M), and Crude Petroleum ($99.9M). During the last 5 years the exports of Saudi Arabia to United Kingdom have increased at an annualized rate of 11.5%, from $1.85B in 2022 to $3.19B in 2017.

Exports from United Kingdom () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Saudi Arabia
Top DestinationChina$68B

This map shows whether countries import more from United Kingdom or Saudi Arabia. Each country is colored based on the difference in imports they receive from United Kingdom and Saudi Arabia or the difference in the growth in imports.

In 2022, countries that imported more from United Kingdom than Saudi Arabia included Germany ($40.6B), United States ($61.8B), and Netherlands ($41.9B).

In 2022, countries that imported more from Saudi Arabia than United Kingdom included India ($46.2B), China ($68B), and South Korea ($36B).

Difference in imports from Saudi Arabia () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United Kingdom and Saudi Arabia by product, considering products traded by both, United Kingdom and Saudi Arabia.

During 2022, United Kingdom had a large net trade with Saudi Arabia in the exports of Machines ($1.69B), Chemical Products ($717M), and Transportation ($488M).

During 2017, Saudi Arabia had a large net trade with United Kingdom in the exports of Mineral Products ($2.58B), Plastics and Rubbers ($285M), and Chemical Products ($119M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Saudi Arabia+$206MCars

Top Product Potential Saudi Arabia United Kingdom+$294MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Saudi Arabia. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom () and Saudi Arabia () (2022)

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