Overview In May 2022 Saudi Arabia exported SAR144B and imported SAR51.8B, resulting in a positive trade balance of SAR92B. Between May 2021 and May 2022 the exports of Saudi Arabia have increased by SAR61.6B (74.9%) from SAR82.2B to SAR144B, while imports increased by SAR7.35B (16.6%) from SAR44.4B to SAR51.8B.
Trade In May 2022, the top exports of Saudi Arabia were Mineral Products (SAR117B), Chemical Products (SAR9.86B), Plastics and Rubbers (SAR8.75B), Metals (SAR2.77B), and Transportation (SAR2.03B). In May 2022 the top imports of Saudi Arabia were Machines (SAR10.5B), Transportation (SAR6.91B), Chemical Products (SAR5.42B), Metals (SAR5.12B), and Mineral Products (SAR4.33B).
Destinations In May 2022, Saudi Arabia exported mostly to ind (SAR14.7B), jpn (SAR12.5B), kor (SAR12.3B), usa (SAR9.56B), and egy (SAR6.77B), and imported mostly from United States (SAR5.16B), United Arab Emirates (SAR3.5B), India (SAR3.17B), Germany (SAR2.21B), and Switzerland (SAR2B).
Growth In May 2022, the increase in Saudi Arabia's year-by-year exports was explained primarily by an increase in exports to China (SAR11.5B or 451%), Japan (SAR7.51B or 5.76k%), and India (SAR6.87B or 725%), and product exports increase in Mineral Products (SAR53.2B or 34.3k%), Plastics and Rubbers (SAR1.2B or 24.5%), and Transportation (SAR619M or 38.9%). In May 2022, the increase in Saudi Arabia's year-by-year imports was explained primarily by an increase in imports from United States (SAR3.06B or 62.2%), China (SAR1.48B or 18.2%), and United Arab Emirates (SAR1.17B or 45.2%), and product imports increase in Weapons (SAR4.08B or 525%), Metals (SAR612M or 17.9%), and Vegetable Products (SAR596M or 32.3%).