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 221.6 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 28.0 USD bn in Jan 2023, a decrease of 26.9% YoY (year-on-year)
  • Total Imports recorded 17.8 USD bn in Jan 2023, an increase of 26.9% 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 221.6 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
221,585.7 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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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -289.6 Feb 2023 monthly Oct 1998 - Feb 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 348.3 Feb 2023 monthly Jan 1991 - Feb 2023
Armenia (USD mn) -259.0 Feb 2023 monthly Nov 1995 - Feb 2023
Australia (USD mn) 8,804.3 Jan 2023 monthly Jul 1971 - Jan 2023
Austria (USD mn) -1,438.4 Dec 2022 monthly Jan 1957 - Dec 2022
Azerbaijan (USD mn) 464.1 Jan 2023 monthly Jan 2000 - Jan 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -1,537.8 Jan 2023 monthly Jul 1986 - Jan 2023
Belarus (USD mn) 55.1 Jan 2023 monthly Jan 2000 - Jan 2023
Belgium (USD mn) -770.1 Jan 2023 monthly Jan 1993 - Jan 2023
Bolivia (USD mn) -251.0 Jan 2023 monthly Oct 1994 - Jan 2023
Bosnia and Herzegovina (USD mn) -449.1 Jan 2023 monthly Jan 2000 - Jan 2023
Botswana (USD mn) -0.9 Dec 2022 monthly Jan 2001 - Dec 2022
Brazil (USD mn) 2,833.2 Feb 2023 monthly Jan 1959 - Feb 2023
Brunei (USD mn) 487.3 Dec 2022 monthly Jan 2003 - Dec 2022
Bulgaria (USD mn) -269.6 Jan 2023 monthly Jan 1995 - Jan 2023
Cambodia (USD mn) -254.7 Feb 2023 monthly Jun 2013 - Feb 2023
Canada (USD mn) 1,432.6 Jan 2023 monthly Jan 1988 - Jan 2023
Chile (USD mn) 1,998.6 Feb 2023 monthly Jan 1968 - Feb 2023
China (USD mn) 16,821.0 Feb 2023 monthly Jan 1981 - Feb 2023
Colombia (USD mn) -1,834.7 Jan 2023 monthly Jan 1958 - Jan 2023
Croatia (USD mn) -1,447.1 Dec 2022 monthly Jan 1993 - Dec 2022
Cyprus (USD mn) -1,501.6 Jan 2023 monthly Jan 1957 - Jan 2023
Czech Republic (USD mn) 1,994.6 Jan 2023 monthly Jan 1996 - Jan 2023
Denmark (USD mn) 1,659.7 Jan 2023 monthly Jan 1997 - Jan 2023
Ecuador (USD mn) 24.0 Jan 2023 monthly Mar 1992 - Jan 2023
Egypt (USD mn) -2,482.0 Jan 2023 monthly Jan 1957 - Jan 2023
Estonia (USD mn) -293.6 Jan 2023 monthly Jan 1993 - Jan 2023
European Union (USD mn) -15,076.4 Jan 2023 monthly Jan 2002 - Jan 2023
Finland (USD mn) -709.6 Dec 2022 monthly Jan 1992 - Dec 2022
France (USD mn) -13,944.4 Jan 2023 monthly Jan 2000 - Jan 2023
Georgia (USD mn) -507.9 Feb 2023 monthly Jan 1995 - Feb 2023
Germany (USD mn) 17,210.9 Jan 2023 monthly Jan 1957 - Jan 2023
Ghana (USD mn) 353.4 Feb 2023 monthly Mar 2005 - Feb 2023
Greece (USD mn) -2,548.2 Jan 2023 monthly Jan 2002 - Jan 2023
Hong Kong SAR, China (USD mn) -5,781.1 Feb 2023 monthly Jan 1957 - Feb 2023
Hungary (USD mn) -156.8 Jan 2023 monthly Jan 1976 - Jan 2023
Iceland (USD mn) -58.9 Jan 2023 monthly Jan 1957 - Jan 2023
India (USD mn) -17,431.7 Feb 2023 monthly Jan 1957 - Feb 2023
Indonesia (USD mn) 5,477.8 Feb 2023 monthly Jan 1967 - Feb 2023
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 3,715.9 Jan 2023 monthly Jan 1970 - Jan 2023
Israel (USD mn) -2,604.1 Feb 2023 monthly Jan 1988 - Feb 2023
Italy (USD mn) 2,137.1 Jan 2023 monthly Jan 1993 - Jan 2023
Ivory Coast (USD mn) -583.5 Nov 2022 monthly Jan 1981 - Nov 2022
Japan (USD mn) -8,949.3 Feb 2023 monthly Apr 1995 - Feb 2023
Jordan (USD mn) -1,482.8 Jan 2023 monthly Jan 1972 - Jan 2023
Kazakhstan (USD mn) 1,945.8 Jan 2023 monthly Sep 1995 - Jan 2023
Kenya (USD mn) -1,068.1 Dec 2022 monthly Oct 1992 - Dec 2022
South Korea (USD mn) -5,268.5 Feb 2023 monthly Jan 1957 - Feb 2023
Kosovo (USD mn) -339.8 Feb 2023 monthly Jan 2003 - Feb 2023
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -583.7 Jan 2023 monthly Jan 2002 - Jan 2023
Laos (USD mn) 25.8 Sep 2022 quarterly Dec 1992 - Sep 2022
Latvia (USD mn) -234.0 Jan 2023 monthly Jan 1995 - Jan 2023
Lebanon (USD mn) -979.1 Dec 2022 monthly Jan 1993 - Dec 2022
Lithuania (USD mn) -672.1 Jan 2023 monthly Jan 1999 - Jan 2023
Luxembourg (USD mn) -805.7 Dec 2022 monthly Jan 1988 - Dec 2022
Macau SAR, China (USD mn) -1,186.6 Jan 2023 monthly Jan 1998 - Jan 2023
North Macedonia (USD mn) -245.7 Jan 2023 monthly Dec 1993 - Jan 2023
Malawi (USD mn) -30.3 Jun 2022 monthly Jan 1964 - Jun 2022
Malaysia (USD mn) 4,549.8 Jan 2023 monthly Jan 1990 - Jan 2023
Malta (USD mn) -269.9 Jan 2023 monthly Jan 1960 - Jan 2023
Mauritius (USD mn) -258.4 Jan 2023 monthly Jan 2006 - Jan 2023
Mexico (USD mn) -3,537.2 Feb 2023 monthly Jan 1993 - Feb 2023
Moldova (USD mn) -401.7 Jan 2023 monthly Jan 1992 - Jan 2023
Mongolia (USD mn) 655.6 Feb 2023 monthly Jan 1997 - Feb 2023
Montenegro (USD mn) -135.6 Jan 2023 monthly Jan 2005 - Jan 2023
Morocco (USD mn) -1,924.1 Jan 2023 monthly Jan 1957 - Jan 2023
Mozambique (USD mn) -29.5 Sep 2022 monthly Jan 2011 - Sep 2022
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -865.7 Jan 2023 monthly Aug 1974 - Jan 2023
Netherlands (USD mn) 10,599.5 Dec 2022 monthly Jan 1996 - Dec 2022
New Zealand (USD mn) -448.7 Feb 2023 monthly Jan 1960 - Feb 2023
Nigeria (USD mn) 2,505.4 Dec 2022 monthly Jan 2003 - Dec 2022
Norway (USD mn) 7,741.5 Feb 2023 monthly Jan 1957 - Feb 2023
Oman (USD mn) 2,538.4 Dec 2022 monthly Jan 1975 - Dec 2022
Pakistan (USD mn) -1,843.5 Feb 2023 monthly Jan 1968 - Feb 2023
Palestinian Territory (USD mn) -580.7 Jan 2023 monthly Jan 2011 - Jan 2023
Panama (USD mn) -941.5 Sep 2022 monthly Jan 1964 - Sep 2022
Paraguay (USD mn) 121.3 Feb 2023 monthly Jan 1994 - Feb 2023
Peru (USD mn) 1,069.3 Jan 2023 monthly Jan 1957 - Jan 2023
Philippines (USD mn) -5,738.6 Jan 2023 monthly Jan 1957 - Jan 2023
Poland (USD mn) 1,542.3 Jan 2023 monthly Jan 1986 - Jan 2023
Portugal (USD mn) -2,115.8 Jan 2023 monthly Jan 1957 - Jan 2023
Qatar (USD mn) 6,673.6 Jan 2023 monthly Jan 2014 - Jan 2023
Romania (USD mn) -2,519.7 Jan 2023 monthly Aug 1990 - Jan 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 221,585.7 2022 yearly 1957 - 2022
Serbia (USD mn) -746.6 Jan 2023 monthly Jan 2001 - Jan 2023
Singapore (USD mn) 5,035.9 Feb 2023 monthly Jan 1976 - Feb 2023
Slovakia (USD mn) -440.1 Jan 2023 monthly Jan 2004 - Jan 2023
Slovenia (USD mn) -378.1 Jan 2023 monthly Nov 1991 - Jan 2023
South Africa (USD mn) -1,347.8 Jan 2023 monthly Oct 2004 - Jan 2023
Spain (USD mn) -5,200.1 Dec 2021 monthly Jan 1985 - Dec 2021
Sri Lanka (USD mn) -409.8 Jan 2023 monthly Jan 1982 - Jan 2023
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 660.3 Feb 2023 monthly Jan 1957 - Feb 2023
Switzerland (USD mn) 7,418.0 Feb 2023 monthly Jan 1957 - Feb 2023

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Saudi Arabia Key Series

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Includes 195 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 (%) -11.2 2020 yearly 1969 - 2020
Consolidated Fiscal Balance (USD mn) 27,694.667 2022 yearly 1969 - 2022
National Government Debt (USD mn) 262,666.7 2022 yearly 2004 - 2022
Government Debt: % of GDP (%) 23.8 Dec 2022 quarterly Dec 2016 - Dec 2022
Forecast: Government Expenditure (SAR bn) 1,144.420 2027 yearly 1990 - 2027
Forecast: Government Net Debt (SAR bn) 937.979 2027 yearly 1991 - 2027
Forecast: Government Revenue (SAR bn) 1,317.820 2027 yearly 1991 - 2027
Public Debt (SAR mn) 108,753.650 2021 yearly 2004 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.744 2027 yearly 1980 - 2027
Trade Balance (USD mn) 221,585.7 2022 yearly 1957 - 2022
Total Exports (USD mn) 28,860.8 Dec 2022 monthly Jan 2015 - Dec 2022
Total Exports Growth (%) 1.1 Dec 2022 monthly Jan 2016 - Dec 2022
Aluminum: Exports (USD th) 2,621,572.046 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 507,357.741 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 25,492.542 2021 yearly 1995 - 2021
Total Imports (USD mn) 16,582.3 Dec 2022 monthly Jan 2005 - Dec 2022
Total Imports Growth (%) 16.9 Dec 2022 monthly Jan 2006 - Dec 2022
Imports: Medicament (USD th) 4,414,206.914 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 1,340,075.823 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 1,633.576 Jan 2023 monthly Jan 2017 - Jan 2023
Total Imports from USA (USD mn) 1,700.267 Dec 2022 monthly Jan 2005 - Dec 2022
Total Exports to China (USD mn) 4,315.118 Dec 2022 monthly Jan 2017 - Dec 2022
Total Imports from China (USD mn) 3,655.943 Dec 2022 monthly Jan 1981 - Dec 2022
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: ow USA (SAR mn) 5,639.179 Dec 2022 monthly Jan 2017 - Dec 2022
Exports: ow China (SAR mn) 20,647.883 Nov 2022 monthly Jan 2017 - Nov 2022
Exports: Value (SAR mn) 108,228.142 Dec 2022 monthly Jan 2015 - Dec 2022
Exports: India (SAR mn) 11,319.375 Dec 2022 monthly Jan 2017 - Dec 2022
Exports: South Korea (SAR mn) 9,054.245 Dec 2022 monthly Jan 2017 - Dec 2022
Exports: Value: Asia: India (SAR mn) 99,965.866 2021 yearly 1984 - 2021
Exports: Value: North America: USA (SAR mn) 53,516.853 2021 yearly 1984 - 2021
Exports: Value: Asia: China Mainland (SAR mn) 190,911.169 2021 yearly 1984 - 2021
Exports: Value: Asia: Japan (SAR mn) 102,598.276 2021 yearly 1984 - 2021
Exports: Value: Asia: South Korea (SAR mn) 87,342.183 2021 yearly 1984 - 2021
Imports: Value: Asia: China Mainland (SAR mn) 113,380.856 2021 yearly 1984 - 2021
Imports: Value: North America: USA (SAR mn) 60,548.791 2021 yearly 1984 - 2021
Imports: Value: Asia: Japan (SAR mn) 22,732.339 2021 yearly 1984 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 185.6 Sep 2022 quarterly Mar 2006 - Sep 2022
Current Account Balance (USD mn) 47,343.1 Sep 2022 quarterly Mar 2006 - Sep 2022
Current Account Balance: % of GDP (%) 16.7 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Direct Investment (USD mn) 1,912.0 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Direct Investment: % of GDP (%) 0.7 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Portfolio Investment (USD mn) -170.216 Sep 2022 quarterly Mar 2008 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) -0.1 Sep 2022 quarterly Mar 2008 - Sep 2022
Forecast: Current Account Balance (USD bn) 38.739 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 618,394.599 2021 yearly 2007 - 2021
BoP: USD: FA: Other Investment: Assets (USD mn) 29,378.216 Mar 2022 quarterly Mar 2006 - Mar 2022
BoP: USD: FA: Other Investment (USD mn) 1,102.407 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 10,382.407 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Secondary Income (USD mn) -11,583.977 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 26,130.104 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) -170.216 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: USD: FA: Other Investment: Liabilities (USD mn) -10,867.261 Mar 2022 quarterly Mar 2006 - Mar 2022
BoP: USD: FA: Portfolio Investment (USD mn) 15,247.389 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Reserve Assets (USD mn) 1,637.288 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: Errors and Omissions (USD mn) 2,390.730 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: Financial Account (FA) (USD mn) 49,155.265 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 106,745.649 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Primary Income: Credit (USD mn) 8,432.944 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 42,205.258 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Primary Income: Debit (USD mn) 3,308.856 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Direct Investment (USD mn) -1,726.374 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: FA: Direct Investment: Assets (USD mn) 185.638 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 11,352.237 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Primary Income (USD mn) 5,124.088 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Goods & Services: Services (USD mn) -19,924.608 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Goods & Services: Goods (USD mn) 62,049.362 Sep 2022 quarterly Mar 2006 - Sep 2022
IIP: Assets (SAR mn) 4,684,311.379 2021 yearly 2007 - 2021
International Investment Position (IIP) (SAR mn) 2,318,979.746 2021 yearly 2007 - 2021
IIP: Liabilities (SAR mn) 2,365,331.633 2021 yearly 2007 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.8 Sep 2022 quarterly Mar 2009 - Sep 2022
Household Debt: % of GDP (%) 11.4 Dec 2022 quarterly Dec 2003 - Dec 2022
Money Supply M1 (USD mn) 407,500.283 Dec 2022 monthly Jan 1993 - Dec 2022
Money Supply M2 (USD mn) 576,545.340 Jan 2023 monthly Jan 1993 - Jan 2023
M2 Growth (%) 6.5 Jan 2023 monthly Jan 1994 - Jan 2023
Reserve Requirement Ratio (%) 7.0 Feb 2023 monthly Mar 1980 - Feb 2023
Foreign Exchange Reserves (USD mn) 432,358.0 Jan 2023 monthly Jan 2001 - Jan 2023
Foreign Exchange Reserves: % of GDP (%) 41.321 Sep 2022 quarterly Dec 2003 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 27.7 2022 yearly 1957 - 2022
Gold Reserves (USD mn) 432.945 Dec 2022 monthly Dec 1957 - Dec 2022
Total Deposits (USD mn) 606,476.357 Jan 2023 monthly Jan 1993 - Jan 2023
Total Deposits Growth (%) 8.7 Jan 2023 monthly Jan 1994 - Jan 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) 140.380 Sep 2022 quarterly Mar 1998 - Sep 2022
Credit to Private Non-Financial Sector (USD bn) 728.038 Jun 2022 quarterly Mar 1993 - Jun 2022
Household Debt (USD mn) 126,565.6 Dec 2022 quarterly Mar 1998 - Dec 2022
Total Loans (USD mn) 626,447.335 Dec 2022 monthly Jan 1997 - Dec 2022
Total Loans Growth (%) 14.03 Jan 2023 monthly Jan 1998 - Jan 2023
Private Debt: % of Nominal GDP (%) 54.36 Dec 2022 quarterly Dec 2003 - Dec 2022
Base Money (SAR mn) 359,842.024 Jan 2023 monthly Jan 2000 - Jan 2023
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,475,908.096 Jan 2023 monthly Jan 1993 - Jan 2023
Money Supply: M3: M2: M1 (SAR mn) 1,500,522.759 Jan 2023 monthly Jan 1993 - Jan 2023
Money Supply: M3: M2 (SAR mn) 2,182,890.334 Dec 2022 monthly Jan 1993 - Dec 2022
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 560,374.224 Jan 2023 monthly Jan 2001 - Jan 2023
Official Reserve Assets (SAR mn) 1,716,160.213 Jan 2023 monthly Jan 2001 - Jan 2023
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,155,575.884 Dec 2022 monthly Jan 1993 - Dec 2022
Banks Deposits (SAR mn) 2,274,286.339 Jan 2023 monthly Jan 1993 - Jan 2023
Bank Loans: Consumer (SAR mn) 448,138.690 Sep 2022 quarterly Mar 1998 - Sep 2022

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