Saudi Arabia Balance of Trade
In part because of the shipments of oil (87% of total exports), Saudi Arabia has had trade surpluses since 1968. The following are the most common imports: machinery, mechanical appliances, and electrical equipment, transportation equipment, and parts thereof, and base metals. The principal trading partners are the United States (which accounts for 14% of total exports and 12.6% of total imports), China (12% of exports and 13% of imports), and Japan (13% of exports and 6% of imports). South Korea, the United Arab Emirates, India, and Germany are among the other trading partners.
A higher than expected figure should be seen as positive (bullish) for the SAR while a lower than expected figure should be seen as negative (bearish) for the SAR.
Category:
Balance of Trade
Units:
Billion
Latest Release
Previous:
SAR28.3B
Consensus:
SAR33B
Actual:
SAR31.9B
Next Release
Date:
May 30, 06:00
Time left:
26 days
Consensus:
SAR32.4B
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