2023
Flag  
GDP
$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH
41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 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
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $34.8B in 2023.

In 2018, 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 2023 to $11.4B in 2018.

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

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

Latest Data

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

Saudi Arabia Exports

India Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$64.4B
India
Top Destination
United States$85.5B

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

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

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

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

Comparative Advantage Saudi Arabia - India

Flow
Scale

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

During 2023, 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).

During 2018, India had a large net trade with Saudi Arabia in the exports of Transportation ($1.86B), Metals ($1.83B), and Vegetable Products ($1.65B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia India+$1.37BPetroleum Gas
Top Product Potential India Saudi Arabia+$521MRefined 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 Saudi Arabia and India. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Saudi Arabia.

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

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