2023
Exports
$228BWorld Rnk 4 / 224
Flag Rnk 1 / 21
2023
PRODUCT COMPLEXITY IN Mineral Products
0.38Rnk 423 / 1025
2023
Imports
$15.6BWorld Rnk 37 / 226
Flag Rnk 5 / 21
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $228B in Mineral Products, making it the 4th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 1st most exported product in Saudi Arabia. The main destination of Mineral Products exports from Saudi Arabia are: China ($55.8B), Japan ($34B), India ($26.7B), United States ($14.2B), and Malaysia ($8.73B).

The fastest growing export markets for Mineral Products of Saudi Arabia between 2022 and 2023 were Poland ($1.69B), Malaysia ($1.35B), and Nigeria ($844M).

Imports In 2023, Saudi Arabia imported $15.6B in Mineral Products, becoming the 37th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 5th most imported product in Saudi Arabia. Saudi Arabia imports Mineral Products primarily from: United Arab Emirates ($3.58B), Egypt ($2.73B), Russia ($2.16B), Oman ($1.4B), and Greece ($1.17B).

The fastest growing import markets in Mineral Products for Saudi Arabia between 2022 and 2023 were Russia ($2.1B), United Arab Emirates ($1.74B), and Malaysia ($188M).

COMPANIES In 2023, leading companies such as Stelfast (6) were at the forefront of shipping Mineral Products from Saudi Arabia to the United States.

Latest Trends

Dec 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 Mineral Products. 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 (2023)$228B
IMPORTS (2023)$15.6B
NET TRADE (2023)$212B

In 2023, Saudi Arabia exported $228B in Mineral Products. The main destinations of Saudi Arabia exports on Mineral Products were China ($55.8B), Japan ($34B), India ($26.7B), United States ($14.2B), and Malaysia ($8.73B).

In 2023, Saudi Arabia imported $15.6B in Mineral Products, mainly from United Arab Emirates ($3.58B), Egypt ($2.73B), Russia ($2.16B), Oman ($1.4B), and Greece ($1.17B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Poland$1.69B (29.4%)
Malaysia$1.35B (18.2%)
Nigeria$844M (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Saudi Arabia WERE (2022 - 2023):
South Korea-$40B (-100%)
China-$11.1B (-16.6%)
India-$11B (-29.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Mineral Products were:
In 2023, Saudi Arabia's main importing competitors in Mineral Products were:

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.1B
TOP IMPORT POTENTIALIndia+ $512M

Mineral Products’s highest export potential is United States. With an export gap of $5.1B.   Mineral Products’s highest import potential is India with an import gap of $512M.

See methodology.

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