Importing from Saudi Arabia

Saudi Arabia Import Guide | Trade Finance Global

Importing from Saudi Arabia

The Kingdom of Saudi Arabia sits as the main economy in the Arab world and in terms of GDP, is 25% of the Gross Domestic Product; which mirrors the level of oil reserves when compared to the world. The imports in Saudi Arabia increased to almost 140000 million SAR in the second quarter of 2015 from just over 135000 Million SAR in the first quarter of 2015. On average, imports in Saudi Arabia averaged out at a level of 95000 Million SAR from around 1970 until 2015, reaching a high of 220000 Million SAR at the end of 2005 and a trough of around 2500 Million SAR at the end of 1968.

The main imports in Saudi Arabia are cars ($14B), refined petroleum (around $6B), Gold ($4B) and Delivery Trucks (around $3B). It is the largest trading partner in the Middle East and the main commodity, which acts as the bedrock is oil and this is coupled with controls imposed by the government over the main economic activities. It also acts as a main player in the Organisation of Petroleum Exporting Countries (OPEC). The main countries of import are China (around $20B), the United States (around $18B), Germany ($12B), South Korea ($9B) and India (around $8B).

There has been steady growth of Saudi Arabia and economic progress over the last few years, with a prediction to grow at around 3% over the next couple of years. Over half of the Saudi population is under 25 years old and it is one of the fastest growing in the world. The population of over 28 million and is expected to grow rapidly to 29 million by 2020. The large youth population generally lacks the education and technical skills the private sector needs. As Saudi Arabia is the largest free economic market in the Middle East and North Africa (MENA) and has free trade agreements with the Greater Arab Free Trade Area (GAFTA), the European Free Trade Association (EFTA) and Singapore. The main imports of Saudi Arabia are: machinery and electrical or mechanical equipment (around 25%), equipment related to transport (around 15%), base metals (around 10%), chemicals (over 8%) and vegetables (above 5%). Main import partners are: China (13% of total imports), United States (around 11%), Germany (over 6%) and Japan (around 5%).

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1.00 GBP
British Pound
1.00 GBP = 4.6718 SAR
=
4.6718 SAR
Saudi Arabian Riyal
1.00 SAR = 0.21405 GBP

Country Profile

CapitalKingdom of Saudi Arabia??????? ??????? ???????? (Arabic)Al-Mamlakah Al-??rab?yah As-Sa??d?yah Flag Emblem Motto:?? ??? ??? ????? ???? ???? ???? "L? ?il?ha ?ill?l?l?h, Muhammadun ras?l all?h""There is no god but God; Muhammad is the messenger of God." (Shahada) Anthem:?????? ?????? (as an instrumental) "as-Sal?m al-Malakiyy""The Royal Salute" Riyadh
Population 33,000,000
Area 2,149,690  km2 (830,000 sq mi)
km2 (12th)
Currency Saudi riyal (SAR)
GDP
Languages Arabic

0.88

Econ Complexity 29th of 184
1980
2014

$182B

Exports 25th of 221
1980
2014

$167B

Imports 28th of 221
1980
2014

$53.5k

GDP Per Capita 13th of 184
1990
2014

Saudi Arabia: Exports Profile

Exports from Saudi Arabia

Exports from Saudi Arabia: $205.3 billion
Export commodities:Petroleum and petroleum products 90%
Top export destinations:China 13.1%, Japan 10.9%, United States 9.6%, India 9.6%, South Korea 8.5% (2015)
GDP growth (annual %)

Importing from Saudi Arabia? Contact our local experts

Country Profile

CapitalKingdom of Saudi Arabia??????? ??????? ???????? (Arabic)Al-Mamlakah Al-??rab?yah As-Sa??d?yah Flag Emblem Motto:?? ??? ??? ????? ???? ???? ???? "L? ?il?ha ?ill?l?l?h, Muhammadun ras?l all?h""There is no god but God; Muhammad is the messenger of God." (Shahada) Anthem:?????? ?????? (as an instrumental) "as-Sal?m al-Malakiyy""The Royal Salute" Riyadh
Population 33,000,000
Area 2,149,690  km2 (830,000 sq mi)
km2 (12th)
Currency Saudi riyal (SAR)
GDP
Languages Arabic

0.88

Econ Complexity 29th of 184
1980
2014

$182B

Exports 25th of 221
1980
2014

$167B

Imports 28th of 221
1980
2014

$53.5k

GDP Per Capita 13th of 184
1990
2014
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