2023
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GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
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GDP GROWTH
-5.04%CURRENT US$
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2023
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 GDP
$1.07TCURRENT US$
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2013-2023
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GDP GROWTH
41.6%CURRENT US$
Rnk 90 / 195
2023
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GDP PC 
$6,023CURRENT US$
Rnk 113 / 195
2013-2023
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GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 195
2023
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GDP PC
$32,094CURRENT US$
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2013-2023
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GDP PC GROWTH
17.6%CURRENT US$
Rnk 109 / 195

About

South Africa-Saudi Arabia Trade: In 2023, South Africa exported $718M to Saudi Arabia. The main products that South Africa exported to Saudi Arabia were Acyclic Hydrocarbons ($118M), Delivery Trucks ($107M), and Gold ($66.5M). Over the past 5 years the exports of South Africa to Saudi Arabia have increased at an annualized rate of 0.85%, from $688M in 2018 to $718M in 2023.

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

Saudi Arabia-South Africa In N/A, Saudi Arabia did not export any products to South Africa.

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

Comparison: In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $718M to Saudi Arabia. The main products exported from South Africa to Saudi Arabia were Acyclic Hydrocarbons ($118M), Delivery Trucks ($107M), and Gold ($66.5M). During the last 5 years the exports of South Africa to Saudi Arabia have increased at an annualized rate of 0.85%, from $688M in 2018 to $718M in 2023.

Saudi Arabia does not register exports to South Africa. The main products exported from Saudi Arabia to South Africa were Refined Petroleum ($1.5B), Crude Petroleum ($1.04B), and Nitrogenous Fertilizers ($108M).

Exports from South Africa (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top Destination
China$29.5B
Saudi Arabia
Top Destination
China$64.4B

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

In 2023, countries that imported more from South Africa than Saudi Arabia included Germany ($10.8B), Mozambique ($6.13B), and United Kingdom ($9.01B).

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

Difference in imports from Saudi Arabia (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Saudi Arabia

Flow
Scale

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

During 2023, South Africa had a large net trade with Saudi Arabia in the exports of Transportation ($156M), Chemical Products ($144M), and Vegetable Products ($128M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Saudi Arabia+$48.6MCars
Top Product Potential Saudi Arabia South Africa+$114MCrude 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 South Africa and Saudi Arabia. This means that a dot/product with the flag of South Africa 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 South Africa.

Product Space of South Africa (Flag) and Saudi Arabia (Flag) (2023)

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