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2023
Flag → Flag
Exports $16.5BRnk 4 / 182
2023
Flag → Flag
Top Product $10.8BCrude Petroleum
2023
Flag → Flag
Exports $14.7BRnk 27 / 220
2023
Flag → Flag
Top Product $1.81BCars
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Saudi Arabia-United States Trade: In 2023, Saudi Arabia exported $16.5B to United States. The main products that Saudi Arabia exported to United States were Crude Petroleum ($10.8B), Refined Petroleum ($3.31B), and Mixed Mineral or Chemical Fertilizers ($618M). Over the past 5 years the exports of Saudi Arabia to United States have decreased at an annualized rate of 7.91%, from $25B in 2018 to $16.5B in 2023.

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

United States-Saudi Arabia Trade: In 2023, United States exported $14.7B to Saudi Arabia. The main products that United States exported to Saudi Arabia were Cars ($1.81B), Planes, Helicopters, and/or Spacecraft ($1.25B), and Gas Turbines ($615M). Over the past 5 years the exports of United States to Saudi Arabia have decreased at an annualized rate of 0.28%,  from $14.9B in 2018 to $14.7B in 2023.

In 2017, United States exported services to Saudi Arabia worth $9.07B, with Travel ($2.59B), Government services, n.i.e. ($1.89B), and Financial services ($1.82B) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $16.5B to United States. The main products exported from Saudi Arabia to United States were Crude Petroleum ($10.8B), Refined Petroleum ($3.31B), and Mixed Mineral or Chemical Fertilizers ($618M). During the last 5 years the exports of Saudi Arabia to United States have decreased at an annualized rate of 7.91%, from $25B in 2018 to $16.5B in 2023.

In 2018, United States exported $14.7B to Saudi Arabia. The main products exported from United States to Saudi Arabia were Cars ($1.81B), Planes, Helicopters, and/or Spacecraft ($1.25B), and Gas Turbines ($615M). During the last 5 years the exports of United States to Saudi Arabia have decreased at an annualized rate of 0.28%, from $14.9B in 2023 to $14.7B in 2018.

Exports from Saudi Arabia (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and United States (Flag)

Saudi Arabia Exports

United States Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Saudi Arabia than United States included Oman ($4.99B), Pakistan ($4.49B), and Jordan ($3.88B).

In 2023, countries that imported more from United States than Saudi Arabia included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

Difference in imports from United States (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - United States

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with United States in the exports of Mineral Products ($14.2B), Chemical Products ($1.63B), and Metals ($316M).

During 2018, United States had a large net trade with Saudi Arabia in the exports of Machines ($3.98B), Transportation ($3.92B), and Chemical Products ($1.86B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia United States+$2.77BCrude Petroleum
Top Product Potential United States Saudi Arabia+$233MRefined 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 United States. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and United States (Flag) (2023)

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