Saudi Arabia
Asia & Middle East
Trade in Saudi Arabia
| Saudi Arabia was the world’s 20th largest exporter of goods and 39th largest exporter of commercial services in 2022. Export values were $411.18 billion and $31.89 billion USD respectively. Saudi Arabia’s top export category was Fuels and mining products, followed by Manufactures, and Chemicals. In 2022,Saudi Arabia’s main export destination markets for goods and services trade were to United Arab Emirates, China and India, with trade representing 63.51 per cent of GDP. In terms of imports, Saudi Arabia is the world’s 32nd largest importer of goods and 23rd largest importer of commercial services. Import values were $189.88 billion and $82.80 billion USD respectively in 2022. Saudi Arabia’s top import category was Manufactures, followed by Machinery and transport equipment and Agricultural products. Leading import partners were China, United States and United Arab Emirates. Saudi Arabia is part of 4 different Regional Trade Agreements, including EFTA – Gulf Cooperation Council (GCC) and Gulf Cooperation Council (GCC). |
Regional Trade Agreements Database
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Kingdom of Saudi Arabia |
Abbreviation |
SA |
Capital |
Riyadh |
WTO Membership Date |
11 December 2005 |
Legal System |
Islamic (sharia) legal system with some elements of Egyptian, French, and customary law; note - several secular codes have been introduced; commercial disputes handled by special committees |
Language |
Arabic |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Saudi riyal |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
https://www.my.gov.sa/wps/portal/snp/servicesDirectory/servicedetails/11985/!ut/p/z0/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LQwNzQwCnS0tXPwMvYwN3A30g1Pz9L30o_ArAppiVOTr7JuuH1WQWJKhm5mXlq8fYWhoaWGqX5DtHg4ANAkveQ!!/ |
Trade Information Portal |
https://mci.gov.sa/en/Pages/default.aspx |
Last Reviewed: June, 2024
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