Saudi Arabia recorded a trade surplus of 162782 Million SAR in the second quarter of 2018. Balance of Trade in Saudi Arabia averaged 125096.40 Million SAR from 1968 until 2018, reaching an all time high of 454159 Million SAR in the fourth quarter of 2005 and a record low of 3898 Million SAR in the fourth quarter of 1986.

Balance of Trade in Saudi Arabia is expected to be 114000.00 Million SAR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Saudi Arabia to stand at 138000.00 in 12 months time. In the long-term, the Saudi Arabia Balance of Trade is projected to trend around 126000.00 Million SAR in 2020, according to our econometric models.

Saudi Arabia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-28 01:00 PM Balance of Trade SAR 93.9B SAR 74.9B SAR 80.4B
2018-03-29 12:15 PM Balance of Trade SAR 126.6B SAR 92.7B SAR 101.8B
2018-07-02 11:00 AM Balance of Trade SAR 120.3B SAR 110.3B SAR 91B
2018-09-27 02:40 PM Balance of Trade SAR 162.8B SAR 131.8B SAR 94B
2018-12-28 03:00 PM Balance of Trade SAR 162.8B SAR 114B
2019-03-29 12:15 PM Balance of Trade SAR 162B
2019-07-02 11:00 AM Balance of Trade SAR 150B


Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 162782.00 131846.00 454159.00 3898.00 Million SAR [+]
Exports 282206.00 243161.00 677144.00 9118.00 Million SAR [+]
Imports 119423.00 111314.00 222985.00 2578.00 Million SAR [+]
Current Account 19181.00 9387.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 2.20 -3.70 28.50 -21.00 percent [+]
Capital Flows 14674.00 8915.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 14848.00 13438.00 14848.00 3418.00 USD Million [+]
Gold Reserves 323.10 322.90 323.10 142.95 Tonnes [+]
Crude Oil Production 10642.00 10502.00 10720.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 882.00 869.00 11746.54 264.00 USD Million [+]
Terrorism Index 5.81 5.40 5.81 2.41 [+]
Tourist Arrivals 16119.00 18049.00 18260.00 6585.00 Thousand [+]
Remittances 32128.00 32130.00 38101.00 12479.00 SAR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Saudi Arabia Balance of Trade

Saudi Arabia has been recording trade surpluses since 1968 due to shipments of oil (87 percent of total exports). Main imports are: machinery, mechanical appliances and electrical equipment; transport equipment and parts thereof and base metals. Main trading partners are: United States (14 percent of total exports and 12.6 percent of imports), China (12 percent of exports and 13 percent of imports) and Japan (13 percent of exports and 6 percent of imports). Others include: South Korea, United Arab Emirates, India and Germany. This page provides - Saudi Arabia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
162782.00 131846.00 454159.00 3898.00 1968 - 2018 Million SAR Quarterly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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