United States (USA) and Saudi Arabia (SAU) Trade

2023

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Exports $14.7BRnk 27 / 220

2023

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About

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.

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.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Company data: In 2023, leading companies such as REI (Recreational Equipment Incorporated) (35), Continental Materials (15), and Soho Studio (14) were at the forefront of exporting goods from Saudi Arabia to the United States. Conversely, Other (68), Textiles Opico Sa De Cv (35), and Unknown (12) were notable for importing products to Saudi Arabia from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $1.13B and imported $744M from Saudi Arabia, resulting in a positive trade balance of $387M. Between November 2023 and November 2024 the exports of United States have increased by $130M (12.9%) from $1B to $1.13B, while imports decreased by $-353M (-32.2%) from $1.1B to $744M.

Trade In November 2024, the top exports of United States to Saudi Arabia were Planes, Helicopters, and/or Spacecraft ($282M), Cars ($95.7M), Gas Turbines ($46.1M), Commodities not elsewhere specified ($25.7M), and Corn ($24.4M). In November 2024 the top imports of United States from Saudi Arabia were Crude Petroleum ($1.19B), Refined Petroleum ($162M), Mixed Mineral or Chemical Fertilizers ($35.1M), Commodities not elsewhere specified ($22.2M), and Cyclic Hydrocarbons ($16.4M).

Origins In November 2024 the exports of United States were mainly from Texas ($230M), Dist of Columbia ($84.4M), California ($72.9M), Georgia ($57.3M), and Oklahoma ($52.5M), while imports destinations were mainly Texas ($439M), New Jersey ($161M), California ($60.5M), Tennessee ($19.9M), and South Carolina ($14.2M).

Growth In November 2024, the increase in United States's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Cars ($29.6M or 44.8%), Gas Turbines ($29.6M or 179%), and Excavation Machinery ($11.3M or 313%). In November 2024, the decrease in United States's year-by-year imports from Saudi Arabia was explained primarily by an decrease in product imports in Refined Petroleum ($-167M or -50.7%), Ethers ($-20.5M or -97.5%), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($-16.8M or -95.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$130M(12.9%)

IMPORT GROWTH (November 2023 - November 2024)$-353M(-32.2%)

MAIN EXPORTER (November 2024)Texas$230M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Saudi Arabia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $14.7B in 2023.

In 2018, 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 2023 to $16.5B in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Saudi Arabia
Top DestinationChina$64.4B

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

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

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

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

Comparative Advantage United States - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Saudi Arabia+$233MRefined Petroleum

Top Product Potential Saudi Arabia United States+$2.77BCrude 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

Year

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

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

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