2022
Exports
$549MWorld Rnk 44 / 222
Flag Rnk 28 / 1100
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$690MWorld Rnk 41 / 225
Flag Rnk 51 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $549M in Insulated Wire, making it the 44th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 28th most exported product in Saudi Arabia. The main destination of Insulated Wire exports from Saudi Arabia are: United Arab Emirates ($322M), Kuwait ($152M), Bahrain ($39.1M), Egypt ($17M), and Jordan ($5.53M).

The fastest growing export markets for Insulated Wire of Saudi Arabia between 2021 and 2022 were Kuwait ($124M), United Arab Emirates ($112M), and Egypt ($2.24M).

Imports In 2022, Saudi Arabia imported $690M in Insulated Wire, becoming the 41st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 51st most imported product in Saudi Arabia. Saudi Arabia imports Insulated Wire primarily from: China ($183M), United Arab Emirates ($168M), Netherlands ($64.5M), United States ($44.1M), and Jordan ($25.2M).

The fastest growing import markets in Insulated Wire for Saudi Arabia between 2021 and 2022 were United Arab Emirates ($53.9M), China ($44.5M), and Netherlands ($24.2M).

Latest Trends

Oct 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 Insulated Wire. 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)$549M
IMPORTS (2022)$690M
NET TRADE (2022)-$140M

In 2022, Saudi Arabia exported $549M in Insulated Wire. The main destinations of Saudi Arabia exports on Insulated Wire were United Arab Emirates ($322M), Kuwait ($152M), Bahrain ($39.1M), Egypt ($17M), and Jordan ($5.53M).

In 2022, Saudi Arabia imported $690M in Insulated Wire, mainly from China ($183M), United Arab Emirates ($168M), Netherlands ($64.5M), United States ($44.1M), and Jordan ($25.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Kuwait$124M (435%)
Egypt$2.24M (15.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Saudi Arabia WERE (2021 - 2022):
Iraq-$107M (-100%)
Yemen-$28.6M (-100%)
Bahrain-$15.9M (-29%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Insulated Wire were:
In 2022, Saudi Arabia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALEgypt+ $6.55M
TOP IMPORT POTENTIALChina+ $91.7M

Insulated Wire’s highest export potential is Egypt. With an export gap of $6.55M.   Insulated Wire’s highest import potential is China with an import gap of $91.7M.

See methodology.

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