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Saudi Arabia
General Information - Saudi Arabia
Country Official Name The Kingdom of Saudi Arabia
Head of State King-Salman bin Abdulaziz Al Saud
Population 33,699,947 (2018)
Capital City Riyadh
Largest City Riyadh (Ranked by population)
Official Languages Arabic
Monetary Unit Saudi Riyal (SAR)
Location & Geography

Saudi Arabia is located in the Middle East. It occupies most of the Arabian Peninsula and is bordered by Jordan, Iraq, and Kuwait in the North, Oman, and Yemen in the South, Bahrain, Qatar, UAE and the Gulf in the East, and the Red Sea in the West. The topography varies from vast stretches of sand to rugged mountain ranges. The vast uninhabited zon...

Trade Information - Saudi Arabia
Trade with World - 2018
Imports
135.21 USD Billion
Exports
294.54 USD Billion
Trade Balance
159.32 USD Billion
Bilateral Trade
429.75 USD Billion
Trade with UAE - 2018
Imports
12.08 USD Billion
Exports
8.13 USD Billion
Trade Balance
-3.95 USD Billion
Bilateral Trade
20.21 USD Billion
Trade with Dubai - 2018
Imports
6.28 AED Billion
Exports
14.38 AED Billion
Trade Balance
8.09 AED Billion
Bilateral Trade
20.66 AED Billion
Main Exports Destination

Saudi Arabia is the 22th largest export economy in the world. In 2018, Saudi Arabia exported $ 294.54B and imported $ 135.21B from the world, resulting positive trade balance of $ 159.32B in net exports.

Saudi Arabia trade growth is -5.41% between 2017 and 2018.

Saudi Arabia total number of export products is 3,085 products and the total number of partners is 184 countries.

Saudi Arabia total number of import products is 4,216 products and the total number of partners is 213 countries.

Economic Indicator - Saudi Arabia
782.48
Billion (2018)
GDP (USD)
0.54
(2018)
FDI, net Inflow (% of GDP)
790.01
Billion (2018)
GNI (USD)
2.47 %
(2018)
Inflation (CPI) (%)
5.92 %
(2019)
Unemployment rate (%)
N/A
Billion (2017)
External debt (USD)
1.75 %
(2018)
GNI Growth (annual %)
1.8 %
(2018)
Population Growth (annual %)

Saudi Arabia is the largest country in the Gulf region with a population of 32.9 million, and the largest economy in the Arab World with a GDP of USD 687 billion. It is the only G-20-member country in the region. The Saudi Arabian Government (SAG) exercises control over main economic activities of the country’s oil-based economy. Saudi Arabia has almost 16% of the world's proven petroleum reserves, plays a principal role in OPEC, is one of the world’s largest producers and exporters of crude oil, and is a large-scale oil refiner and producer of natural gas. According to Forbes Magazine, petroleum accounts for roughly 87% of budget revenues, 42 %of GDP, and 90 %of export earnings. The Saudi Arabia Kingdom is the largest economy in the Arab world. It accounts for 25% of the Arab world’s Gross Domestic Product (GDP).

Top 5 Products - Saudi Arabia
Exports (%) - 2018
Imports (Value)
Motor cars and (8703) Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars
8.9 USD Billion
Commodities not specified (9999) Commodities not specified according to kind
8.52 USD Billion
Telephone sets, including (8517) Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528
6.37 USD Billion
Medicaments; (not goods (3004) Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale
4.23 USD Billion
Petroleum oils and (2710) Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
3.66 USD Billion
Export (Value)
Commodities not specified (9999) Commodities not specified according to kind
231.75 USD Billion
Polymers of ethylene, (3901) Polymers of ethylene, in primary forms
11.38 USD Billion
Polymers of propylene (3902) Polymers of propylene or of other olefins, in primary forms
6.26 USD Billion
Ethers, ether-alcohols, ether-phenols, (2909) Ethers, ether-alcohols, ether-phenols, ether-alcohol-phenols, alcohol peroxides, ether peroxides, ketone peroxides (chemically defined or not); halogenated, sulphonated, nitrated, nitrosated derivative
5.03 USD Billion
Acyclic alcohols and (2905) Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives
2.95 USD Billion
Ease of Doing Business - Saudi Arabia
Region
Middle East & North Africa
Category
High income
GNI per Capita
21,540 USD
City Covered
Riyadh
62
Doing Business 2020 Rank
71.6
Doing Business 2020 Score
63.8
Doing Business 2019 Score
7.8
Change in Score (% points)
Useful Information - Saudi Arabia
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