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Saudi Arabia Trade (% GDP)

Saudi Arabia's trade (% GDP) rose to 54.8% in 2024, up from 54.17% in 2023, according to World Bank. This represents an increase of 0.63% from the previous year. Saudi Arabia has trade (% GDP) lower than the global median (54.80% vs median 84.49%). Compared with the median in Asia, Saudi Arabia is lower (54.80% vs regional median 82.69%) and ranks 33rd out of 45 countries in Asia.

Yearly Historical Data (1968-2024)

(in %)
Year Trade (% GDP)
2024 54.8%
2023 54.17%
2022 56.82%
2021 50.88%
2020 47.53%
2019 56.79%
2018 59.1%
2017 59.53%
2016 57.92%
2015 67.11%
2014 78%
2013 80.25%
2012 81.74%
2011 84.36%
2010 82.55%
2009 84.86%
2008 96.1%
2007 94.86%
2006 89.94%
2005 81.95%
2004 75.08%
2003 69.83%
2002 64.59%
2001 63.56%
2000 68.17%
1999 57.85%
1998 56.09%
1997 65.19%
1996 66.65%
1995 65.04%
1994 60.07%
1993 67.81%
1992 75.09%
1991 74.7%
1990 71.71%
1989 71.82%
1988 66.53%
1987 67.99%
1986 62.49%
1985 66.71%
1984 79.74%
1983 86.15%
1982 89.85%
1981 92.91%
1980 90.76%
1979 89.1%
1978 90.91%
1977 89.98%
1976 83.98%
1975 95.07%
1974 76.14%
1973 120.62%
1972 79.86%
1971 71.9%
1970 72.37%
1969 73.13%
1968 72.45%
Saudi Arabia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Saudi Arabia divided by its total economic output, shown as a percentage.
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
Net Trade (Goods & Services, BoP) $43.89B $78.82B 2024
Tariff Rate 5.96% 4.7% 2022