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Pricing

2023
Flag → Flag
Exports $3.7BRnk 20 / 137
2023
Flag → Flag
Top Product $2.16BRefined Petroleum
2023
Flag → Flag
Exports $18.6MRnk 111 / 182
2023
Flag → Flag
Top Product $4.06MRaw Plastic Sheeting
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Russia-Saudi Arabia Trade: In 2023, Russia exported $3.7B to Saudi Arabia. The main products that Russia exported to Saudi Arabia were Refined Petroleum ($2.16B), Wheat ($732M), and Barley ($272M). Over the past 5 years the exports of Russia to Saudi Arabia have increased at an annualized rate of 29.9%, from $1B in 2018 to $3.7B in 2023.

In 2020, Russia exported services to Saudi Arabia worth $16.6M, with Other business services ($8.07M), Transportation ($3.43M), and Construction services ($1.84M) being the largest in terms of value.

Saudi Arabia-Russia Trade: In 2023, Saudi Arabia exported $18.6M to Russia. The main products that Saudi Arabia exported to Russia were Raw Plastic Sheeting ($4.06M), Aluminium Cans ($3.77M), and Large Construction Vehicles ($1.84M). Over the past 5 years the exports of Saudi Arabia to Russia have decreased at an annualized rate of 42.7%,  from $302M in 2018 to $18.6M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $191M and imported $27.9M from Saudi Arabia, resulting in a positive trade balance of $163M. Between January 2021 and January 2022 the exports of Russia have increased by $142M (292%) from $48.7M to $191M, while imports increased by $12.7M (83.3%) from $15.2M to $27.9M.

Trade In January 2022, the top exports of Russia to Saudi Arabia were Refined Petroleum ($24.7M), Seed Oils ($9.55M), Chocolate ($2.76M), Poultry Meat ($2.5M), and Kraft Paper ($1.57M). In January 2022 the top imports of Russia from Saudi Arabia were Amino-resins ($4.38M), Scrap Copper ($2.74M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.38M), Ethylene Polymers ($2.13M), and Other Nitrogen Compounds ($1.42M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($71.8M), LENINGRAD REGION ($71.2M), SVERDLOVSK REGION ($15.9M), MOSCOW REGION ($9.02M), and NOVOSIBIRSK REGION ($7.06M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($7.15M), VLADIMIR REGION ($6.05M), MOSCOW REGION ($5.78M), KALININGRAD REGION ($3.47M), and ST. PETERSBURG ($2.49M).

Growth In January 2022, the increase in Russia's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Seed Oils ($6.23M or 188%), Kraft Paper ($584k or 59%), and Poultry Meat ($579k or 30.1%). In January 2022, the increase in Russia's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Amino-resins ($1.31M or 42.5%), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($1.08M or 82.6%), and Scrap Copper ($580k or 26.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$142M(292%)
IMPORT GROWTH (January 2021 - January 2022)$12.7M(83.3%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$71.8M

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

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

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $3.7B to Saudi Arabia. The main products exported from Russia to Saudi Arabia were Refined Petroleum ($2.16B), Wheat ($732M), and Barley ($272M). During the last 5 years the exports of Russia to Saudi Arabia have increased at an annualized rate of 29.9%, from $1B in 2018 to $3.7B in 2023.

In 2018, Saudi Arabia exported $18.6M to Russia. The main products exported from Saudi Arabia to Russia were Raw Plastic Sheeting ($4.06M), Aluminium Cans ($3.77M), and Large Construction Vehicles ($1.84M). During the last 5 years the exports of Saudi Arabia to Russia have decreased at an annualized rate of 42.7%, from $302M in 2023 to $18.6M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Russia than Saudi Arabia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Saudi Arabia than Russia included Japan ($34.7B), United States ($16.5B), and Malaysia ($9.59B).

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

Comparative Advantage Russia - Saudi Arabia

Flow
Scale

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

During 2023, Russia had a large net trade with Saudi Arabia in the exports of Mineral Products ($2.16B), Vegetable Products ($1.03B), and Animal Products ($137M).

During 2018, Saudi Arabia had a large net trade with Russia in the exports of Plastics and Rubbers ($5.69M), Metals ($4.66M), and Machines ($3.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Saudi Arabia+$13.5kRefined Petroleum
Top Product Potential Saudi Arabia Russia+$10.4kRefined 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

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

Product Space of Russia (Flag) and Saudi Arabia (Flag) (2023)

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