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Saudi Arabia Net Trade (Goods & Services, BoP)

Saudi Arabia's net trade (goods & services, bop) fell to $43.89 billion in 2024, down from $78.82 billion in 2023, according to World Bank. This represents a decrease of 44.3% ($34.93 billion) from the previous year. Saudi Arabia has the 14th highest net trade (goods & services, bop). Within Asia, it ranks 5th out of 42 countries.

Yearly Historical Data (1971-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 43.89
2023 78.82
2022 187.51
2021 72.99
2020 0.66
2019 66.89
2018 105.85
2017 38.49
2016 2.51
2015 -29.3
2014 95.97
2013 157.75
2012 184.21
2011 178.25
2010 87.63
2009 39.99
2008 146.17
2007 103.97
2006 111.86
2005 104.33
2004 65.1
2003 44.23
2002 28.04
2001 25.09
2000 29.33
1999 11.55
1998 -0.86
1997 12.64
1996 13.83
1995 8.58
1994 6.23
1993 -4.65
1992 -8.76
1991 -14.06
1990 3.5
1989 -8.2
1988 -8.06
1987 -11.38
1986 -14.6
1985 -15.15
1984 -19.76
1983 -20.46
1982 9.47
1981 49.32
1980 50.97
1979 14.62
1978 4.74
1977 17.49
1976 19.07
1975 18.35
1974 25.78
1973 5.25
1972 2.57
1971 1.68
Saudi Arabia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Saudi Arabia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $305.5B $320.02B 2024
Annual Imports $232.81B $206.94B 2024
Balance of Trade SAR 26.9B SAR 19.5B Jul'25
Exports SAR 102.4B SAR 92.3B Jul'25
Exports (% GDP) 29.16% 30.24% 2024
FDI Inflows (% GDP) 1.27% 1.87% 2024
Imports SAR 75.5B SAR 72.8B Jul'25
Imports (% GDP) 25.64% 23.93% 2024
Tariff Rate 5.96% 4.7% 2022
Trade (% GDP) 54.8% 54.17% 2024