2023
Flag  
GDP
$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH
41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC 
$32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH
17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC
$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195

About

Saudi Arabia-Canada Trade: In 2023, Saudi Arabia exported $1.6B to Canada. The main products that Saudi Arabia exported to Canada were Crude Petroleum ($1.53B), Other Small Iron Pipes ($16M), and Aluminium Plating ($8.85M). Over the past 5 years the exports of Saudi Arabia to Canada have decreased at an annualized rate of 11.7%, from $2.97B in 2018 to $1.6B in 2023.

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

Canada-Saudi Arabia Trade: In 2023, Canada exported $1.71B to Saudi Arabia. The main products that Canada exported to Saudi Arabia were Tanks and Armored vehicles ($1.1B), Packaged Medicaments ($61M), and Cars ($47.4M). Over the past 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 0.16%,  from $1.75B in 2018 to $1.71B in 2023.

In 2020, Canada exported services to Saudi Arabia worth $136M, with Royalties and license fees ($52.2M), Travel ($32.8M), and Transportation ($25.4M) being the largest in terms of value.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $1.6B to Canada. The main products exported from Saudi Arabia to Canada were Crude Petroleum ($1.53B), Other Small Iron Pipes ($16M), and Aluminium Plating ($8.85M). During the last 5 years the exports of Saudi Arabia to Canada have decreased at an annualized rate of 11.7%, from $2.97B in 2018 to $1.6B in 2023.

In 2018, Canada exported $1.71B to Saudi Arabia. The main products exported from Canada to Saudi Arabia were Tanks and Armored vehicles ($1.1B), Packaged Medicaments ($61M), and Cars ($47.4M). During the last 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 0.16%, from $1.75B in 2023 to $1.71B in 2018.

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

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

Latest Data

Trade between Saudi Arabia (Flag) and Canada (Flag)

Saudi Arabia Exports

Canada Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$64.4B
Canada
Top Destination
United States$410B

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

In 2023, countries that imported more from Saudi Arabia than Canada included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Canada than Saudi Arabia included United States ($410B), United Kingdom ($18B), and Mexico ($8.76B).

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

Comparative Advantage Saudi Arabia - Canada

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Canada in the exports of Mineral Products ($1.53B), Metals ($32M), and Chemical Products ($7.08M).

During 2018, Canada had a large net trade with Saudi Arabia in the exports of Transportation ($1.19B), Machines ($213M), and Chemical Products ($102M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Canada+$223MCrude Petroleum
Top Product Potential Canada Saudi Arabia+$46.4MCars

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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Bilateral Service Trade

In 2020, Canada exported services to Saudi Arabia worth $136M, with Royalties and license fees ($52.2M), Travel ($32.8M), and Transportation ($25.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Saudi Arabia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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