2023
Exports
$37.4MWorld Rnk 32 / 150
Flag Rnk 161 / 1148
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$197MWorld Rnk 20 / 216
Flag Rnk 192 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $37.4M in Seed Oils, making it the 32nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 161st most exported product in Saudi Arabia. The main destination of Seed Oils exports from Saudi Arabia are: Jordan ($19.4M), Kuwait ($7.93M), Bahrain ($2.01M), Sudan ($1.76M), and Djibouti ($1.72M).

The fastest growing export markets for Seed Oils of Saudi Arabia between 2022 and 2023 were Sudan ($1.72M), Oman ($1.21M), and United Arab Emirates ($420k).

Imports In 2023, Saudi Arabia imported $197M in Seed Oils, becoming the 20th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 192nd most imported product in Saudi Arabia. Saudi Arabia imports Seed Oils primarily from: Russia ($98.4M), Turkey ($41.7M), Ukraine ($29.5M), Oman ($17.6M), and United Arab Emirates ($5.59M).

The fastest growing import markets in Seed Oils for Saudi Arabia between 2022 and 2023 were Turkey ($9.16M), Bosnia and Herzegovina ($934k), and Malaysia ($862k).

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 Seed Oils. 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)$37.4M
IMPORTS (2023)$197M
NET TRADE (2023)-$159M

In 2023, Saudi Arabia exported $37.4M in Seed Oils. The main destinations of Saudi Arabia exports on Seed Oils were Jordan ($19.4M), Kuwait ($7.93M), Bahrain ($2.01M), Sudan ($1.76M), and Djibouti ($1.72M).

In 2023, Saudi Arabia imported $197M in Seed Oils, mainly from Russia ($98.4M), Turkey ($41.7M), Ukraine ($29.5M), Oman ($17.6M), and United Arab Emirates ($5.59M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Sudan$1.72M (4.5k%)
Oman$1.21M (633%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Saudi Arabia WERE (2022 - 2023):
Djibouti-$13.8M (-88.9%)
Jordan-$9.14M (-32%)
Kuwait-$4.32M (-35.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Saudi Arabia's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $605k
TOP IMPORT POTENTIALBelgium+ $978k

Seed Oils’s highest export potential is United Arab Emirates. With an export gap of $605k.   Seed Oils’s highest import potential is Belgium with an import gap of $978k.

See methodology.

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