Saudi Arabia Trade Balance

1957 - 2022 | Yearly | USD mn | CEIC Data

Key information about Saudi Arabia's Trade Balance

  • Saudi Arabia's Trade Balance recorded a surplus of 221.3 USD bn in Dec 2022, compared with a surplus of 123.3 USD bn in the previous year
  • Saudi Arabia's Trade Balance data is updated yearly, available from Dec 1957 to Dec 2022, with an averaged value of 24.1 USD bn
  • The data reached an all-time high of 233.1 USD bn in Dec 2011 and a record low of 308.7 USD mn in Dec 1957
CEIC calculates annual Trade Balance from annual Total Exports and annual Total Imports and converts it into USD. General Authority for Statistics provides Total Exports and Total Imports in local currency. Saudi Central Bank average market exchange rate is used for currency conversions.

Further information about Saudi Arabia's Trade Balance

  • In the latest reports, Saudi Arabia's Total Exports reached 28.3 USD bn in Mar 2023, a decrease of 15.2% YoY (year-on-year)
  • Total Imports recorded 16.5 USD bn in Mar 2023, an increase of 15.2% YoY (year-on-year)

View Saudi Arabia's Trade Balance from 1957 to 2022 in the chart:

Saudi Arabia Trade Balance

What was Saudi Arabia's Trade Balance in 2022?

Saudi Arabia's Trade Balance recorded a surplus of 221.3 USD bn in Dec 2022, compared with a surplus of 123.3 USD bn in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
221,307.4 2022 123,329.7 2021 308.7 1957 233,112.3 2011 USD mn yearly 1957 - 2022

Trade Balance by Country Comparison

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country/region Last Frequency Range
Albania (USD mn) -416.6 Oct 2023 monthly Oct 1998 - Oct 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) -591.7 Oct 2023 monthly Jan 1991 - Oct 2023
Armenia (USD mn) -291.6 Sep 2023 monthly Nov 1995 - Sep 2023
Australia (USD mn) 4,360.6 Sep 2023 monthly Jul 1971 - Sep 2023
Austria (USD mn) -54.2 Jul 2023 monthly Jan 1957 - Jul 2023
Azerbaijan (USD mn) 670.6 Sep 2023 monthly Jan 2000 - Sep 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -1,561.8 Sep 2023 monthly Jul 1986 - Sep 2023
Belarus (USD mn) 370.7 Sep 2023 monthly Jan 2000 - Sep 2023
Belgium (USD mn) 4,627.1 Sep 2023 monthly Jan 1993 - Sep 2023
Bolivia (USD mn) 24.0 Aug 2023 monthly Oct 1994 - Aug 2023
Bosnia and Herzegovina (USD mn) -506.3 Oct 2023 monthly Jan 2000 - Oct 2023
Botswana (USD mn) -285.7 Sep 2023 monthly Jan 2001 - Sep 2023
Brazil (USD mn) 8,958.4 Oct 2023 monthly Jan 1959 - Oct 2023
Brunei (USD mn) -13.1 Jun 2023 monthly Jan 2010 - Jun 2023
Bulgaria (USD mn) -437.4 Jul 2023 monthly Jan 1995 - Jul 2023
Cambodia (USD mn) -279.0 Oct 2023 monthly Jun 2013 - Oct 2023
Canada (USD mn) 1,506.2 Sep 2023 monthly Jan 1988 - Sep 2023
Chile (USD mn) 945.8 Oct 2023 monthly Jan 1968 - Oct 2023
China (USD mn) 56,528.1 Oct 2023 monthly Jan 1992 - Oct 2023
Colombia (USD mn) -816.5 Sep 2023 monthly Jan 1958 - Sep 2023
Croatia (USD mn) -1,609.3 Aug 2023 monthly Jan 1993 - Aug 2023
Cyprus (USD mn) -730.2 Aug 2023 monthly Jan 1957 - Aug 2023
Czech Republic (USD mn) 993.2 Aug 2023 monthly Jan 1996 - Aug 2023
Denmark (USD mn) -57.3 Sep 2023 monthly Jan 1997 - Sep 2023
Ecuador (USD mn) 525.4 Sep 2023 monthly Mar 1992 - Sep 2023
Egypt (USD mn) -3,139.0 Sep 2023 monthly Jan 1957 - Sep 2023
Estonia (USD mn) -221.4 Sep 2023 monthly Jan 1993 - Sep 2023
European Union (USD mn) 7,391.6 Sep 2023 monthly Jan 2002 - Sep 2023
Finland (USD mn) 389.5 Sep 2023 monthly Jan 1992 - Sep 2023
France (USD mn) -9,516.2 Sep 2023 monthly Jan 2000 - Sep 2023
Georgia (USD mn) -713.3 Sep 2023 monthly Jan 1995 - Sep 2023
Germany (USD mn) 18,763.4 Oct 2023 monthly Jan 1957 - Oct 2023
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -2,856.3 Sep 2023 monthly Jan 2002 - Sep 2023
Hong Kong SAR, China (USD mn) -8,249.3 Sep 2023 monthly Jan 1957 - Sep 2023
Hungary (USD mn) 1,349.2 Sep 2023 monthly Jan 1976 - Sep 2023
Iceland (USD mn) -107.2 Sep 2023 monthly Jan 1957 - Sep 2023
India (USD mn) -31,460.0 Oct 2023 monthly Jan 1957 - Oct 2023
Indonesia (USD mn) 3,475.6 Oct 2023 monthly Jan 1967 - Oct 2023
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 4,496.1 Sep 2023 monthly Jan 1970 - Sep 2023
Israel (USD mn) -1,945.5 Oct 2023 monthly Jan 1988 - Oct 2023
Italy (USD mn) 3,509.0 Sep 2023 monthly Jan 1993 - Sep 2023
Ivory Coast (USD mn) -3.6 Jul 2023 monthly Jan 1981 - Jul 2023
Japan (USD mn) -3,088.4 Oct 2023 monthly Apr 1995 - Oct 2023
Jordan (USD mn) -1,221.4 Sep 2023 monthly Jan 1972 - Sep 2023
Kazakhstan (USD mn) 1,592.6 Sep 2023 monthly Sep 1995 - Sep 2023
Kenya (USD mn) -847.6 Sep 2023 monthly Oct 1992 - Sep 2023
South Korea (USD mn) 1,627.2 Oct 2023 monthly Jan 1966 - Oct 2023
Kosovo (USD mn) -478.8 Sep 2023 monthly Jan 2003 - Sep 2023
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -772.6 Aug 2023 monthly Jan 2002 - Aug 2023
Laos (USD mn) 200.4 Jun 2023 quarterly Dec 1992 - Jun 2023
Latvia (USD mn) -552.3 Sep 2023 monthly Jan 1995 - Sep 2023
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -404.5 Sep 2023 monthly Jan 1999 - Sep 2023
Luxembourg (USD mn) -778.9 Aug 2023 monthly Jan 1988 - Aug 2023
Macau SAR, China (USD mn) -1,326.7 Sep 2023 monthly Jan 1998 - Sep 2023
North Macedonia (USD mn) -222.8 Sep 2023 monthly Dec 1993 - Sep 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 3,930.5 Sep 2023 monthly Jan 1990 - Sep 2023
Malta (USD mn) -247.2 Sep 2023 monthly Jan 1960 - Sep 2023
Mauritius (USD mn) -376.1 Aug 2023 monthly Jan 2006 - Aug 2023
Mexico (USD mn) -822.1 Sep 2023 monthly Jan 1993 - Sep 2023
Moldova (USD mn) -354.6 Sep 2023 monthly Jan 1992 - Sep 2023
Mongolia (USD mn) 370.3 Oct 2023 monthly Jan 1997 - Oct 2023
Montenegro (USD mn) -326.1 Sep 2023 monthly Jan 2005 - Sep 2023
Morocco (USD mn) -2,487.6 Oct 2023 monthly Jan 1957 - Oct 2023
Mozambique (USD mn) -60.6 Sep 2023 monthly Jan 2011 - Sep 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -1,003.8 Oct 2023 monthly Aug 1974 - Oct 2023
Netherlands (USD mn) 14,566.2 Sep 2023 monthly Jan 1996 - Sep 2023
New Zealand (USD mn) -1,007.1 Oct 2023 monthly Jan 1960 - Oct 2023
Nigeria (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Norway (USD mn) 7,882.6 Oct 2023 monthly Jan 1957 - Oct 2023
Oman (USD mn) 1,870.2 Jun 2023 monthly Jan 1975 - Jun 2023
Pakistan (USD mn) -1,888.0 Nov 2023 monthly Jan 1968 - Nov 2023
Palestinian Territory (USD mn) -558.5 Jul 2023 monthly Jan 2011 - Jul 2023
Panama (USD mn) -1,047.8 Aug 2023 monthly Jan 1964 - Aug 2023
Paraguay (USD mn) 137.9 Oct 2023 monthly Jan 1994 - Oct 2023
Peru (USD mn) 1,200.1 Sep 2023 monthly Jan 1985 - Sep 2023
Philippines (USD mn) -3,511.0 Sep 2023 monthly Jan 1957 - Sep 2023
Poland (USD mn) 1,186.9 Sep 2023 monthly Jan 1986 - Sep 2023
Portugal (USD mn) -2,317.3 Sep 2023 monthly Jan 1957 - Sep 2023
Qatar (USD mn) 5,458.2 Sep 2023 monthly Jan 2014 - Sep 2023
Romania (USD mn) -2,295.9 Sep 2023 monthly Aug 1990 - Sep 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 221,307.4 2022 yearly 1957 - 2022
Serbia (USD mn) -612.4 Sep 2023 monthly Jan 2001 - Sep 2023
Singapore (USD mn) 4,766.8 Oct 2023 monthly Jan 1976 - Oct 2023
Slovakia (USD mn) 526.6 Aug 2023 monthly Jan 2004 - Aug 2023
Slovenia (USD mn) -1,277.8 Aug 2023 monthly Nov 1991 - Aug 2023
South Africa (USD mn) 692.9 Sep 2023 monthly Oct 2004 - Sep 2023
Spain (USD mn) -3,304.6 Aug 2023 monthly Sep 1973 - Aug 2023
Sri Lanka (USD mn) -377.5 Sep 2023 monthly Jan 1982 - Sep 2023
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 198.5 Sep 2023 monthly Jan 1957 - Sep 2023
Switzerland (USD mn) 3,363.3 Oct 2023 monthly Jan 1957 - Oct 2023

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Saudi Arabia Key Series

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Includes 181 key indicators for Saudi Arabia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) 27,694.667 2022 yearly 1969 - 2022
National Government Debt (USD mn) 264,022.3 2022 yearly 2004 - 2022
Government Debt: % of GDP (%) 24.3 Jun 2023 quarterly Dec 2016 - Jun 2023
Forecast: Government Expenditure (SAR bn) 1,344.123 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,374.229 2028 yearly 1991 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 221,307.4 2022 yearly 1957 - 2022
Total Exports (USD mn) 27,686.3 Sep 2023 monthly Jan 2015 - Sep 2023
Total Exports Growth (%) -17.1 Sep 2023 monthly Jan 2016 - Sep 2023
Aluminum: Exports (USD th) 3,144,235.292 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 545,269.271 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,592.765 2022 yearly 1995 - 2022
Total Imports (USD mn) 16,023.5 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) -2.2 Sep 2023 monthly Jan 2006 - Sep 2023
Imports: Medicament (USD th) 5,358,995.860 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,078,407.217 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 949.792 Sep 2023 monthly Jan 2017 - Sep 2023
Total Imports from USA (USD mn) 1,394.657 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports to China (USD mn) 5,064.716 Sep 2023 monthly Jan 2017 - Sep 2023
Total Imports from China (USD mn) 3,288.288 Sep 2023 monthly Jan 1981 - Sep 2023
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: ow USA (SAR mn) 3,561.721 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: Value (SAR mn) 103,823.714 Sep 2023 monthly Jan 2015 - Sep 2023
Exports: India (SAR mn) 9,720.804 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: ow China (SAR mn) 18,992.687 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: South Korea (SAR mn) 10,247.403 Sep 2023 monthly Jan 2017 - Sep 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 19,501.133 2022 yearly 1970 - 2022
Imports: HS: Value: Foodstuffs (SAR mn) 112,047.733 2022 yearly 1970 - 2022
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 27,956.980 2022 yearly 1970 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,891.9 Jun 2023 quarterly Mar 2006 - Jun 2023
Current Account Balance (USD mn) 15,262.2 Jun 2023 quarterly Mar 2006 - Jun 2023
Current Account Balance: % of GDP (%) 5.9 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Direct Investment (USD mn) 1,650.1 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.6 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Portfolio Investment (USD mn) 8,451.593 Jun 2023 quarterly Mar 2008 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 3.2 Jun 2023 quarterly Mar 2008 - Jun 2023
Forecast: Current Account Balance (USD bn) -13.170 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 706,748.647 2022 yearly 2007 - 2022
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 6,850.209 Jun 2023 quarterly Mar 2018 - Jun 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,601.384 Jun 2023 quarterly Mar 2018 - Jun 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 13,370.977 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 9,613.975 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Secondary Income (USD mn) -11,653.470 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 23,839.027 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Other Investment (USD mn) -1,230.023 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 8,451.593 Jun 2023 quarterly Mar 2008 - Jun 2023
BoP: USD: FA: Portfolio Investment (USD mn) 4,919.384 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 10,843.998 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: Errors and Omissions (USD mn) -2,782.787 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Reserve Assets (USD mn) 4,526.044 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: Financial Account (FA) (USD mn) 11,457.290 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 78,589.163 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 47,700.451 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 9,799.885 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 15,607.600 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Direct Investment (USD mn) 3,241.885 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 5,541.490 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income (USD mn) 4,258.395 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 30,888.713 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,891.941 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -8,231.427 Jun 2023 quarterly Mar 2006 - Jun 2023
IIP: Assets (SAR mn) 5,048,345.875 2022 yearly 2007 - 2022
International Investment Position (IIP) (SAR mn) 2,650,307.427 2022 yearly 2007 - 2022
IIP: Liabilities (SAR mn) 2,398,038.448 2022 yearly 2007 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Jun 2023 quarterly Mar 2009 - Jun 2023
Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Money Supply M1 (USD mn) 410,232.388 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply M2 (USD mn) 626,582.324 Sep 2023 monthly Jan 1993 - Sep 2023
M2 Growth (%) 9.8 Sep 2023 monthly Jan 1994 - Sep 2023
Reserve Requirement Ratio (%) 7.0 Sep 2023 monthly Mar 1980 - Sep 2023
Foreign Exchange Reserves (USD mn) 414,806.9 Sep 2023 monthly Jan 2001 - Sep 2023
Foreign Exchange Reserves: % of GDP (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 27.5 2022 yearly 1957 - 2022
Gold Reserves (USD mn) 432.945 Sep 2023 monthly Dec 1957 - Sep 2023
Total Deposits (USD mn) 654,759.519 Sep 2023 monthly Jan 1993 - Sep 2023
Total Deposits Growth (%) 8.3 Sep 2023 monthly Jan 1994 - Sep 2023
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 141.539 Mar 2023 quarterly Mar 1998 - Mar 2023
Credit to Private Non-Financial Sector (USD bn) 784.520 Mar 2023 quarterly Mar 1993 - Mar 2023
Household Debt (USD mn) 125,584.7 Sep 2023 quarterly Mar 1998 - Sep 2023
Total Loans (USD mn) 678,360.394 Sep 2023 monthly Jan 1997 - Sep 2023
Total Loans Growth (%) 9.86 Sep 2023 monthly Jan 1998 - Sep 2023
Private Debt: % of Nominal GDP (%) 58.31 Jun 2023 quarterly Dec 2003 - Jun 2023
Base Money (SAR mn) 373,255.099 Oct 2023 monthly Jan 2000 - Oct 2023
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,663,325.825 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply: M3: M2: M1 (SAR mn) 1,538,371.455 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply: M3: M2 (SAR mn) 2,349,683.715 Sep 2023 monthly Jan 1993 - Sep 2023
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 573,515.627 Sep 2023 monthly Jan 2001 - Sep 2023
Official Reserve Assets (SAR mn) 1,597,390.744 Oct 2023 monthly Jan 2001 - Oct 2023
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

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