2022
Exports
$667MWorld Rnk 41 / 210
Flag Rnk 20 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$1.67BWorld Rnk 26 / 224
Flag Rnk 26 / 96
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $667M in Animal or vegetable fats, oils, & waxes, making it the 41st largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 20th most exported product in Saudi Arabia. The main destination of Animal or vegetable fats, oils, & waxes exports from Saudi Arabia are: Kuwait ($135M), Jordan ($123M), Netherlands ($110M), United Arab Emirates ($109M), and India ($91.4M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Saudi Arabia between 2021 and 2022 were Kuwait ($109M), India ($74M), and Netherlands ($40.8M).

Imports In 2022, Saudi Arabia imported $1.67B in Animal or vegetable fats, oils, & waxes, becoming the 26th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 26th most imported product in Saudi Arabia. Saudi Arabia imports Animal or vegetable fats, oils, & waxes primarily from: Malaysia ($728M), Indonesia ($303M), United Arab Emirates ($122M), Oman ($97.5M), and United States ($77.6M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Saudi Arabia between 2021 and 2022 were Malaysia ($317M), Turkey ($57.6M), and United Arab Emirates ($50.3M).

COMPANIES In 2023, leading companies such as Chevron (6) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Saudi Arabia to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$667M
IMPORTS (2022)$1.67B
NET TRADE (2022)-$1B

In 2022, Saudi Arabia exported $667M in Animal or vegetable fats, oils, & waxes. The main destinations of Saudi Arabia exports on Animal or vegetable fats, oils, & waxes were Kuwait ($135M), Jordan ($123M), Netherlands ($110M), United Arab Emirates ($109M), and India ($91.4M).

In 2022, Saudi Arabia imported $1.67B in Animal or vegetable fats, oils, & waxes, mainly from Malaysia ($728M), Indonesia ($303M), United Arab Emirates ($122M), Oman ($97.5M), and United States ($77.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Kuwait$109M (425%)
India$74M (426%)
Netherlands$40.8M (58.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Saudi Arabia WERE (2021 - 2022):
Yemen-$20.3M (-100%)
Djibouti-$11.6M (-100%)
United Kingdom-$5.86M (-64.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Saudi Arabia's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALEgypt+ $4.38M
TOP IMPORT POTENTIALIndonesia+ $70.7M

Animal or vegetable fats, oils, & waxes’s highest export potential is Egypt. With an export gap of $4.38M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $70.7M.

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