2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

India-Saudi Arabia Trade: In 2022, India exported $10.1B to Saudi Arabia. The main products that India exported to Saudi Arabia were Refined Petroleum ($1.92B), Cyclic Hydrocarbons ($1.04B), and Rice ($990M). Over the past 5 years the exports of India to Saudi Arabia have increased at an annualized rate of 12.7%, from $5.57B in 2017 to $10.1B in 2022.

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

Saudi Arabia-India Trade: In 2022, Saudi Arabia exported $46.2B to India. The main products that Saudi Arabia exported to India were Crude Petroleum ($32.7B), Petroleum Gas ($2.96B), and Mixed Mineral or Chemical Fertilizers ($1.87B). Over the past 5 years the exports of Saudi Arabia to India have increased at an annualized rate of 17.4%,  from $20.7B in 2017 to $46.2B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $10.1B to Saudi Arabia. The main products exported from India to Saudi Arabia were Refined Petroleum ($1.92B), Cyclic Hydrocarbons ($1.04B), and Rice ($990M). During the last 5 years the exports of India to Saudi Arabia have increased at an annualized rate of 12.7%, from $5.57B in 2017 to $10.1B in 2022.

In 2017, Saudi Arabia exported $46.2B to India. The main products exported from Saudi Arabia to India were Crude Petroleum ($32.7B), Petroleum Gas ($2.96B), and Mixed Mineral or Chemical Fertilizers ($1.87B). During the last 5 years the exports of Saudi Arabia to India have increased at an annualized rate of 17.4%, from $20.7B in 2022 to $46.2B in 2017.

Exports from India (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from India than Saudi Arabia included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2022, countries that imported more from Saudi Arabia than India included China ($68B), Japan ($36.5B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and India (Flag) (2022)

Comparative Advantage India - Saudi Arabia

Flow
Scale

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

During 2022, India had a large net trade with Saudi Arabia in the exports of Mineral Products ($2.11B), Chemical Products ($1.71B), and Vegetable Products ($1.28B).

During 2017, Saudi Arabia had a large net trade with India in the exports of Mineral Products ($37.8B), Chemical Products ($5.48B), and Plastics and Rubbers ($1.29B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Saudi Arabia+$521MRefined Petroleum
Top Product Potential Saudi Arabia India+$1.37BPetroleum Gas

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

This visualization shows the product space at the HS4 level with the flags of India and Saudi Arabia. This means that a dot/product with the flag of India 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 India.

Product Space of India (Flag) and Saudi Arabia (Flag) (2022)

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