Saudi Arabia

In 2013, the value of merchandise exports of Saudi Arabia decreased slightly by 3.3 percent to reach 375.4 bln US$, while its merchandise imports increased moderately by 5.2 percent to reach 163.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large surplus of 211.7 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at 176.8 bln US$ (see graph 4). Merchandise exports in Saudi Arabia were highly concentrated amongst partners; imports were diversified. The top 4 partners accounted for 80 percent or more of exports and 22 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Saudi Arabia increased moderately by 5.7 percent, reaching 11.7 bln US$, while its imports of services increased slightly by 4.4 percent and reached 76.7 bln US$ (see graph 2). There was a large trade in services deficit of 65.0 bln US$. See footnote*.

Related Subject(s): International Trade and Finance

Countries: Saudi Arabia