Saudi Arabia (SAU) and Russia (RUS) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $18.6M in 2023.

In 2018, 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 2023 to $3.7B in 2018.

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

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

Latest Data

Trade between Saudi Arabia () and Russia ()

Saudi Arabia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Russia
Top DestinationChina$129B

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

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

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

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

Comparative Advantage Saudi Arabia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, 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).

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 Russia+$10.4kRefined Petroleum

Top Product Potential Russia Saudi Arabia+N/AN/A

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

Rus Year

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.

Service trade data is presented based on availability.

Services Exports from Russia () to Saudi Arabia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Saudi Arabia () and Russia ()

Saudi Arabia Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Saudi Arabia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Saudi Arabia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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