Saudi Arabia

In 2012, the value of merchandise exports of Saudi Arabia increased moderately by 6.5 percent to reach 388.4 bln US$, while its merchandise imports increased substantially by 18.2 percent to reach 155.6 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large surplus of 232.8 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at 204.0 bln US$ (see graph 4). Merchandise exports in Saudi Arabia were highly concentrated amongst partners; imports were diversified. The top 3 partners accounted for 80 percent or more of exports and 21 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Saudi Arabia decreased slightly by 3.8 percent, reaching 11.0 bln US$, while its imports of services decreased moderately by 5.9 percent and reached 73.4 bln US$ (see graph 2). There was a large trade in services deficit of 62.4 bln US$. See footnote.

Related Subject(s): International Trade and Finance

Countries: Saudi Arabia