2023
Exports
$39.3BWorld Rnk 10 / 214
Flag Rnk 2 / 1148
falsefalse United States
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$13.2BWorld Rnk 20 / 226
Flag Rnk 2 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $39.3B in Refined Petroleum, making it the 10th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Saudi Arabia. The main destination of Refined Petroleum exports from Saudi Arabia are: United States ($3.31B), France ($3.25B), Oman ($3B), Italy ($2.88B), and United Kingdom ($2.55B).

Imports In 2023, Saudi Arabia imported $13.2B in Refined Petroleum, becoming the 20th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Saudi Arabia. Saudi Arabia imports Refined Petroleum primarily from: United Arab Emirates ($3.54B), Egypt ($2.69B), Russia ($2.16B), Greece ($1.17B), and Oman ($921M).

The fastest growing import markets in Refined Petroleum for Saudi Arabia between 2022 and 2023 were Russia ($2.1B), United Arab Emirates ($1.73B), and Malaysia ($183M).

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 Refined Petroleum. 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)$39.3B
IMPORTS (2023)$13.2B
NET TRADE (2023)$26.2B

In 2023, Saudi Arabia exported $39.3B in Refined Petroleum. The main destinations of Saudi Arabia exports on Refined Petroleum were United States ($3.31B), France ($3.25B), Oman ($3B), Italy ($2.88B), and United Kingdom ($2.55B).

In 2023, Saudi Arabia imported $13.2B in Refined Petroleum, mainly from United Arab Emirates ($3.54B), Egypt ($2.69B), Russia ($2.16B), Greece ($1.17B), and Oman ($921M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.3B
TOP IMPORT POTENTIALIndia+ $521M

Refined Petroleum’s highest export potential is United States. With an export gap of $2.3B.   Refined Petroleum’s highest import potential is India with an import gap of $521M.

See methodology.

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