Saudi Arabia (SAU) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

Saudi Arabia-Australia Trade: In 2023, Saudi Arabia exported $847M to Australia. The main products that Saudi Arabia exported to Australia were Mixed Mineral or Chemical Fertilizers ($193M), Nitrogenous Fertilizers ($190M), and Party Decorations ($149M). Over the past 5 years the exports of Saudi Arabia to Australia have increased at an annualized rate of 8.19%, from $572M in 2018 to $847M in 2023.

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

Australia-Saudi Arabia Trade: In 2023, Australia exported $1.07B to Saudi Arabia. The main products that Australia exported to Saudi Arabia were N/A. Over the past 5 years the exports of Australia to Saudi Arabia have increased at an annualized rate of 9.72%, from $673M in 2018 to $1.07B in 2023.

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

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $847M to Australia. The main products exported from Saudi Arabia to Australia were Mixed Mineral or Chemical Fertilizers ($193M), Nitrogenous Fertilizers ($190M), and Party Decorations ($149M). During the last 5 years the exports of Saudi Arabia to Australia have increased at an annualized rate of 8.19%, from $572M in 2018 to $847M in 2023.

In 2018, Australia exported $1.07B to Saudi Arabia. There were not main exports from Australia to Saudi Arabia in 2018. During the last 5 years the exports of Australia to Saudi Arabia have increased at an annualized rate of 9.72%, from $673M in 2023 to $1.07B in 2018.

Exports from Saudi Arabia () to Australia () (2023)

Exports from Australia () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Australia ()

Saudi Arabia Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Saudi Arabia than Australia included India ($34.8B), United Arab Emirates ($11.5B), and Poland ($7.64B).

In 2023, countries that imported more from Australia than Saudi Arabia included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Australia in the exports of Chemical Products ($472M), Miscellaneous ($149M), and Mineral Products ($124M).

During 2018, Australia had a large net trade with Saudi Arabia in the exports of Vegetable Products ($479M), Animal Products ($248M), and Machines ($76.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Australia+$6.9MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

Top Product Potential Australia Saudi Arabia+$11.1MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Australia () (2023)

Exports from Australia () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Australia ()

Saudi Arabia Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Australia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Australia () (2023)

Keep Exploring