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2023
Flag → Flag
Exports $11.4BRnk 6 / 220
2023
Flag → Flag
Top Product $1.45BCars
2023
Flag → Flag
Exports $34.8BRnk 2 / 182
2023
Flag → Flag
Top Product $23.6BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

India-Saudi Arabia Trade: In 2023, India exported $11.4B to Saudi Arabia. The main products that India exported to Saudi Arabia were Cars ($1.45B), Rice ($1.29B), and Copper Wire ($769M). Over the past 5 years the exports of India to Saudi Arabia have increased at an annualized rate of 13%, from $6.19B in 2018 to $11.4B in 2023.

In 2023, India did not export any services to Saudi Arabia.

Saudi Arabia-India Trade: In 2023, Saudi Arabia exported $34.8B to India. The main products that Saudi Arabia exported to India were Crude Petroleum ($23.6B), Petroleum Gas ($2.29B), and Planes, Helicopters, and/or Spacecraft ($1.33B). Over the past 5 years the exports of Saudi Arabia to India have increased at an annualized rate of 3.9%,  from $28.7B in 2018 to $34.8B in 2023.

In 2023, Saudi Arabia did not export any services to India.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $953M and imported $3.58B from Saudi Arabia, resulting in a negative trade balance of $2.63B. Between November 2023 and November 2024 the exports of India have increased by $56.3M (6.27%) from $897M to $953M, while imports increased by $940M (35.6%) from $2.64B to $3.58B.

Trade In November 2024, the top exports of India to Saudi Arabia were Petroleum Products ($165M), Rice -Basmoti ($126M), Motor Vehicle/Cars ($95.3M), Telecom Instruments ($32.5M), and Copper And Prdcts Made Of Copr ($29.7M). In November 2024 the top imports of India from Saudi Arabia were Petroleum: Crude ($2.26B), Petroleum Products ($261M), Fertilezers Manufactured ($196M), Plastic Raw Materials ($125M), and Aircraft, Spacecraft And Parts ($111M).

Growth In November 2024, the increase in India's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Petroleum Products ($154M or 1.41k%), Rice -Basmoti ($70.2M or 127%), and Motor Vehicle/Cars ($55.3M or 138%). In November 2024, the increase in India's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Fertilezers Manufactured ($51.4M or 35.4%), Inorganic Chemicals ($43.9M or 105%), and Plastic Raw Materials ($39.4M or 46%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$56.3M(6.27%)
IMPORT GROWTH (November 2023 - November 2024)$940M(35.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $11.4B to Saudi Arabia. The main products exported from India to Saudi Arabia were Cars ($1.45B), Rice ($1.29B), and Copper Wire ($769M). During the last 5 years the exports of India to Saudi Arabia have increased at an annualized rate of 13%, from $6.19B in 2018 to $11.4B in 2023.

In 2018, Saudi Arabia exported $34.8B to India. The main products exported from Saudi Arabia to India were Crude Petroleum ($23.6B), Petroleum Gas ($2.29B), and Planes, Helicopters, and/or Spacecraft ($1.33B). During the last 5 years the exports of Saudi Arabia to India have increased at an annualized rate of 3.9%, from $28.7B in 2023 to $34.8B in 2018.

Exports from India (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from India than Saudi Arabia included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, countries that imported more from Saudi Arabia than India included China ($64.4B), Japan ($34.7B), and Chinese Taipei ($9.17B).

Difference in imports from Saudi Arabia (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Saudi Arabia in the exports of Transportation ($1.86B), Metals ($1.83B), and Vegetable Products ($1.65B).

During 2018, Saudi Arabia had a large net trade with India in the exports of Mineral Products ($26.7B), Chemical Products ($3.57B), and Plastics and Rubbers ($1.66B).

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) (2023)

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