Crude oil sales account for a large part (65%) at $110 billion. The value of exports amounted to SAR137.1 billion in April 2022, up from SAR69.3 billion in April 2021. Foreign exchange earnings come predominantly from oil exports, which are deposited with the Saudi Arabian Monetary Agency (SAMA). Facts and statistics about the Oil - exports of Saudi Arabia. The value of the countrys exports has fallen $290 billion in the last five years, with the price of crude petroleum being a major factor. Flows averaged 1.02 million bpd in January and reached to 1.27 Mn bpd in February. US$85 in late 2021. The Saudi riyal has been at a fixed rate to the US dollar since June 1986 (SAR 3.7500 per USD). May 27, 2022 at 4:25 pm. Oil revenue is a significant government income for several oil producing countries. Saudi Aramco announced a cut in capital expenditures from $3540 billion planned to $2530 billion. Factbook > Countries > Saudi Arabia > Energy. The increase in oil prices is expected to help in the Kingdoms recovery and diversification plans. The The 5 biggest exporters of processed petroleum oils in 2021 were the United States of America, Russia, India, Netherlands and Singapore. Saudi Arabia has removed its export ban on all scrap metals and will not apply export duties on these products. Updated as of 2020. The following product groups represent the highest dollar value in Saudi Arabias import purchases during 2021. Country. Reviewing Saudi Arabian non-oil trade performance requires a close examination of the structure of non-oil exports and non-oil imports. That dollar metric exceeds the average $5,100 per person one year earlier in 2020. Sales of oil to China and India have helped plug the gap in demand left by Western commodity importers. 31 for the same month last year. Historically, the Saudi Arabia Stock Market (TASI) reached an all time high of 20966.58 in February of 2006. Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. Saudi Arabias oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. Saudi Arabia exports petrochemicals, plastics, metal goods, construction materials and electrical appliances to some 90 countries. The value of Saudi Arabia, the worlds top crude oil exporter, saw its crude exports rise in February to the highest level since the April 2020 month-long price war with OPEC+ ally Russia. Saudi Arabias oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. 2 The International Monetary Fund (IMF) estimates the Saudi economy will expand 7.6% this year, more than double the 3.2% growth recorded in 2021 and for the first time in Saudi Arabias history the IMF estimates the GDP to Saudi Arabia ranked No. The TASI increased 77 points or 0.68% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks this benchmark index from Saudi Arabia. This increase originated mainly from oil exports, which rose by SAR60.5 billion or 123.0% in the same period. Definition: This entry is the total amount of crude oil exported, in barrels per day (bbl/day). Given Saudi Arabias population of 35.5 million people, its total $267.5 billion in 2021 exports translates to roughly $7,500 for every resident in the Middle Eastern country. Photo: AFP. Riyadh: The Kingdom of Saudi Arabias overall merchandise exports increased by 98.0% in April 2022 compared to April 2021. Overall exports increased by nearly 92% in June compared to a year earlier when international trade was curbed due to lockdowns and travel disruptions related to the coronavirus pandemic, said the It possesses about 16% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The value of Saudi Arabia's oil exports in May increased 147% to just over 60 billion riyals ($16 billion) from a year earlier while non-oil exports rose by Annually, Saudi Arabia exports about $170B. This page provides - Saudi Arabia Saudi Arabias state oil company, Saudi Aramco, is reckoned to be the worlds most valuable company with an estimated value of $2 trillion. Graph and download economic data for Crude Oil Exports for Saudi Arabia (SAUNXGOCMBD) from 2000 to 2023 about Saudi Arabia, crude, REO, oil, and exports. Saudi Arabias oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. Country / Region. the value chain. The monthly U.S. oil production reached 12.86 million b/d in November 2019, the highest monthly level of crude oil production in U.S. history. The value of The value of Saudi exports of dates in 2021 reached SR1.2 billion ($320 million). Unlike most developing countries, Saudi Arabia had an abundance of capital, and vast development projects sprung up that turned the once underdeveloped country into a modern state. Overview In 2020 Saudi Arabia was the number 20 economy in the world in terms of GDP (current US$), the number 30 in total exports, the number 30 in total imports, the number 46 economy in terms of GDP per capita (current US$) and the number 32 most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Saudi Arabia are Petroleum oils Saudi Arabias production rose to The economy grew 9.6% in the first quarter of 2022, the highest growth rate since 2011, driven by a 20% increase in oil sector contributions. Saudi Arabia is making around $1 billion per day from its oil exports, as the value of the commodity skyrockets to its highest cost in at least six years. The UAE Central bank figures put their revenue for 2019 from crude oil exports at $66.2 billion which is almost a 14% jump from 2017s $58 billion. May 27, 2022 at 4:25 pm. Please note the exports, imports and tariff data are based on reported data and not gap filled. They accounted for nearly 70% of the countrys total exports in terms of value in 2020, and about 53% of the Saudi governments revenues were oil-based. Growth oriented management professional & Business value creator based in Dammam - Saudi Arabia with competent knowledge of the local & regional market, offering 28 plus years of hands-on working experience within GCC Region (Saudi Arabia, Dubai, Kuwait, Qatar, Bahrain & Oman) plus 3.5 years in Mumbai, India market. The Saudi Standards, Metrology and Quality Organisation (SASO) has a Conformity Assessment Programme (CAP) that covers goods destined for Saudi Arabia. The value of Saudi Arabias oil exports in June increased 123 per cent to 61.5 billion riyals ($16.4-billion) from a year earlier while non According to projections for 2020, the export volume of oil from Saudi Arabia was 7.24 million barrels per day. Saudi Arabia's oil exports reached a 2016 high of $30 billion in March, the General Authority for Statistics announced Wednesday .
Saudi Arabia, the de facto leader of Opec and the worlds top oil exporter, has co-ordinated oil production quotas with Russia, since 2016, through Opec+. During that time, unemployment was all but nonexistentlarge numbers of foreign workers were imported to The top three U.S. exports by value in April were Passenger vehicles, (2) Soybeans, and (3) Bombs, grenades, cartridges, parts. Most Recent Value. The petroleum sector accounts for roughly 87% of budget revenues, 42% of GDP, and 90% of export earnings. Saudi Arabias crude shipments to China have doubled in the span of a year. At 261 billion barrels, Saudi Aramcos stated hydrocarbon reserves are more than ten times those of ExxonMobil, the largest private oil company. You will need to provide proof in the form of a certificate of conformity. U.S. Imports from Saudi Arabia of Crude Oil and Petroleum Products (Thousand Barrels per Day) September 9, 2019 12:00 pm (EST) Saudi Arabias oil industry is on the move with strategic changes in leadership, investments, and a broadening of its Export product sales, however, have decreased annually in the last 7 years at a rate of -21.1%. The value of crude exports, now almost $1 billion a day, increased by 123% year on year, the kingdoms statistics office said.
Upgrade now. from Saudi Arabia totalled $ 10.4 thousand in 2020. The Kingdom is heavily investing in the tourism industry which seeks to contribute from 3 percent to 10 percent GDP by 2030. Saudi Arabia is targeting hydrogen production both blue and green of 2.9mn t/yr by 2030 and 4mn t/yr by 2035. Saudi Arabia - Oil and Gas name of the carrier, brand and quantity of goods, and description of the goods including weight and value; Exports of oil, petroleum products, natural gas and wheat all require export licenses. Saudi Arabias oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. The steep fall in oil prices has decimated the economy. The country direction's report considered China as Top Exports of Saudi Arabia . CAIRO: Saudi Arabia was responsible for a third of the 77 percent increase in exports from the Organization of the Petroleum Exporting Countries in 2021, according to the latest figures. Saudi Arabia Oil - exports. Facts and statistics about the Oil - exports of Saudi Arabia. Saudi Arabias non-oil exports rose 52 per cent during the second quarter amid signs of a rebound in international trade and as the kingdom's economy continues to recover from the effects of the coronavirus pandemic. Year over year, the value of global refined oil exports accelerated by 46.7% from $479.9 billion during 2020. Saudi Arabia quarterly trade data. This article is more than 3 years old. Saudi Arabia is back in control of the oil market again. Its the swing oil producer, ready to raise production to "stabilize" oil prices. Thats according to reports that were circulated by both Reuters and the Saudi Gazette over the weekend. The value of exports of commodity group 1804 "Cocoa butter, fat and oil." Official data showed today, Tuesday, that the value of Saudi Arabia's oil exports in June increased 123% to $16.4 billion, while non-oil exports increased by around 41%. It also has 22% of proven gas reserves, ranked sixth in the world . Compared to several other developing nations that export Saudi Arabia: -$6.8 billion (up 78.6%) South Africa: -$6.4 billion (up 272.9%) Booming shale production helped the United States briefly overtake Saudi Arabia and Russia to become the worlds top oil exporter for the (cumulative exports of commodity group 1804 from Saudi Arabia amounted $ in 2019) Exports of commodity group 1804 amounted to 0.016% of total sales of group "" from Saudi Arabia in 2020 (the value of exports of commodity group from Key Points. Many of us want an overview of how much energy our country consumes, where it comes from, and if were making progress on decarbonizing our energy mix. Saudi Arabias exceptions include 758 products that may be imported duty-free, including aircraft and most livestock. Unemployment Rate in Saudi Arabia decreased to 6 percent in the first quarter of 2022 from 6.90 percent in the fourth quarter of 2021. Updated as of 2020. In In 2014, Saudi Arabia had $746 billion in reserves at its highest point. According to the Dubai Chamber the value of the emirates date trade reached $221 million in 2016. The kingdom is called the "home of Islam" due to Islam being founded in modern-day Saudi Arabia as well as it is the birthplace of Islamic Prophet Muhammad and all territories of Saudi Arabia and Arabian Peninsula being United and ruled by Prophet
Saudi Arabias oil exports grew more than 123 percent year-on-year in October 2021 or 45.5 billion riyals ($12 billion), data issued by the Saudi General Authority for Statistics showed. Saudi Arabia oil heading to China is set to increase further this year. Oil & Gas Industry. On Tuesday Safar 29, 1438H, corresponding to November 29, 2016 the General Authority for Statistics (GaStat) has issued its two indicators: (Trade directions of the top 10 partner countries for exports and imports of Saudi Arabia) and the (balance of trade) until the end of September 2016 on its official website www.stats.gov.sa. Saudi Arabia, Exports of goods and services as percentage of GDP is 36.05 %. The economy grew 9.6% in the first quarter of 2022, the highest growth rate since 2011, driven by a 20% increase in oil sector contributions. Saudi Arabia is making around $1 billion per day from its oil exports, as the value of the commodity skyrockets to its highest cost in at least six years. Last year, Saudi Arabia exported less than 1 million bpd to China, but Saudi Arabia's aggressiveness seems to match with China's thirst for more crude. To traders the oversupply and growth in inventories signaled a clear trend toward lower future prices. Their apprehensions about an expanding oversupply of oil conspired to bring about a price collapse comparable to that in earlier speculative cycles. Saudi Arabia is used to being blamed when prices seem too high. Fueled by enormous revenues from oil exports, the economy boomed during the 1970s and 80s. Definition: This entry is the total amount of crude oil exported, in barrels per day (bbl/day). Saudi Arabia monthly trade data. Saudi Arabia and Russia also top the list of oil exporting countries. The Ministry of Energy, Industry and Mineral Total OPEC crude-oil exports, meanwhile, stood at 23.6 million barrels a day in 2015, up 1.7% from 2014, with nearly 62% of OPECs oil exported to the Asia Pacific region. Merchandise trade statistics data for Saudi Arabia (SAU) exports, to partner countries including trade value, number of product exported, Partner Share, and share in total products for year 2019 major countries to which Saudi Arabia Exported include Unspecified, China, United Arab Emirates, India and Singapore. Saudi Arabias exports almost doubled in October, boosted by the continued global economic recovery and higher hydrocarbon prices that lifted the value of oil exports from the kingdom. In turn, SAMA credits the governments account with the equivalent riyals. The oil price war between Saudi Arabia and Russia came to an end at a virtual OPEC conference on April 9 th, 2020, with both states agreeing along with OPEC members and the majority of non-OPEC attendees to a proposed 10 million barrels per day cut (Cohen, 2020).Since Mexico refused to this initial proposal, OPEC members and its producing allies now including Saudi Arabias oil exports grew more than 123 percent year-on-year in October 2021 or 45.5 billion riyals ($12 billion), data issued by the Saudi General Authority for Statistics showed on Sunday. Saudi Arabias crude production rose to The value of crude exports, almost $1 billion a day, increased by 123% year on year, the kingdoms statistics office said. On Monday, U.K. Prime Minister Boris Johnson urged Saudi Arabia to ramp up oil output, seeking to cool record fuel prices. Low oil price put pressure on state financials. While Saudi Arabias economic base continues to be dominated by oil, the Kingdom has taken steps to diversify the economy.
Oil - exports: 7.341 million bbl/day (2015 est.) Although it has about $616 billion in cash reserves, enough to finance its large fiscal deficits for years, Saudi Arabia is burning through those reserves at a rapid clip. The nation is the 26th largest exporter in the world. Saudi Arabias Main Exports Crude Oil. 28 among U.S. trade partners in April. (Saudi Arabian Oil Company). On Saudi Arabia. Saudi Arabia is the 32nd largest importer in the world and the annual value of its imports has fallen $32.4 billion in the last five years from $168 billion to $136 billion. Saudi arabia or arabian plate oil and gas is so rich and prolific. The factors for such richness include the presence of so many petroleum systems over geological time including repeated and extensive source rock beds, excellent carbonate in good position and a long history of sedimentation. The value for Exports of goods and services (current LCU) in Saudi Arabia was 691,611,000,000 as of 2020. Saudi Arabia has 18% of the worlds known oil reserves and is the worlds largest exporter of the commodity. The country is heavily reliant on crude petroleum exports to sustain the countrys GDP. Saudi Arabia, Service imports (BoP, current US$) is 78,659,694,182.87. 8.78% (16.3 billion US$): 39 - Plastics and articles thereof. Obviously, the downturn in oil prices is not exactly something that the Saudi government is happy about. Since the leadership launched Vision 2030, it seeks to make Saudi Arabia the largest exporter of dates in the world, within the framework of achieving the goals of the vision by enhancing the sectors contribution to the development of manufacturing industries and the development of non-oil industrial exports, as the global production volume of dates reached 9.2 Saudi Arabia Oil - exports. The change in exports was -14.72 percent and the change in imports was 126.23 percent. Saudi Arabia: Energy Country Profile. Date Value; February 28, 2022: 10.46M January 31, 2022: 10.21M December 31, 2021: 10.11M Saudi Arabia Crude Oil Production is at a current level of 10.46M, up from 10.21M last During the same period, its oil exports to the U.S. have dropped by nearly two-thirds. CAP requires quality checks and inspections of companies looking to export to Saudi Arabia. Unemployment Rate in Saudi Arabia averaged 5.88 percent from 1999 until 2022, reaching an all time high of 9 percent in the second quarter of 2020 and a record low of 4.35 percent in the fourth quarter of 1999. The countrys first green hydrogen plant is a joint venture between Saudi ACWA Power, Neom, and U.S.-based Air Products to build a green hydrogen-based ammonia production facility located at Neom. The EU is Russia's biggest natural gas customer, accounting for over 70% of its gas exports. Saudi Arabia ; United Arab Emirates ; Venezuela; Secretariat Venezuela has been an oil producer since 1914 when the first commercial oil well, Zumaque I, was drilled in the Mene Grande field on the eastern shores of Lake Maracaibo. As the graph below shows, over the past 52 years this indicator reached a maximum value of 1,497,820,000,000 in 2012 and a minimum value of 8,995,413,000 in 1968. In May of 2019, the country became a net The total value of all Saudi exports doubled to $37.9 billion (142.2 billion Saudi riyals) in March 2022 compared to March 2021, chiefly thanks to Since oil was first discovered in the region, the economy of Saudi Arabia has been dependent on oil revenues. Tourism is a lynch pin of Saudi Arabias diversification plan. 2 The International Monetary Fund (IMF) estimates the Saudi economy will expand 7.6% this year, more than double the 3.2% growth recorded in 2021 and for the first time in Saudi Arabias history the IMF estimates the GDP to The value of Saudi Arabias oil exports in June increased 123 percent to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil While Saudi Arabias economic base continues to be dominated by oil, the Kingdom has taken steps to diversify the economy. The highest exports from Saudi Arabia are: Crude oil ($110B) Exports structure from Saudi Arabia in 2020 represented by the following main commodity groups: 71% (132 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes. Saudi Arabia, Service exports (BoP, current US$) is 24,242,759,025.87. m.) 8,438: Crude oil production * (1,000 b/d) Marketed production of natural gas (million cu. That echoes a similar plea During that time, unemployment was all but nonexistentlarge numbers of foreign workers were imported to Saudi Arabia holds 266,578,000,000 barrels of proven oil reserves as of 2016, ranking 2nd in the world and accounting for about 16.2% of the world's total oil reserves of 1,650,585,140,000 barrels. Saudi Arabia Witnesses Increase in Oil Exports Value news room August 25, 2021 115 0 Official data showed today, Tuesday, that the value of Saudi Arabias oil exports in June increased 123% to $16.4 billion, while non-oil exports increased by around 41%. Also shown is the percentage share each product category represents in terms of overall imports into Saudi Arabia. Saudi Arabia exports petrochemicals, plastics, metal goods, construction materials and electrical appliances to some 90 countries. David Owen, Economist at S&P Global Market Intelligence, said: "Saudi Arabia's non-oil economy continued to go from strength to strength in On Tuesday Safar 29, 1438H, corresponding to November 29, 2016 the General Authority for Statistics (GaStat) has issued its two indicators: (Trade directions of the top 10 partner countries for exports and imports of Saudi Arabia) and the (balance of trade) until the end of September 2016 on its official website www.stats.gov.sa. 5.22% (9.7 billion US$): 29 - Organic chemicals. Increasing exports and imports of oil and gas on the account of surged demand across the world are fuelling the market growth. m.) Refinery capacity (1,000 b/cd) Booming shale production helped the United States briefly overtake Saudi Arabia and Russia to become the worlds top oil exporter for the The Kingdoms crude oil output also increased to 10.441 million barrels per day in April, up from 10.3 million bpd in March. Oil - exports: 7.341 million bbl/day (2015 est.) Please check the Data Availability for coverage. Saudi Arabia possesses about 30% of global crude oil and is ranked second in terms of the global production of crude oil. Saudi Arabias April crude exports rose to a two-year peak of 7.382 million barrels per day (bpd) in April from 7.235 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Sunni Islam is the state religion of Saudi Arabia.The connection between Islam and modern-day Saudi Arabia is uniquely strong. The government also increased its debt ceiling from 30 to 50 percent of GDP, due to both oil prices and the impact of the pandemic, and Factbook > Countries > Saudi Arabia > Energy. Oil exports hit about $35 billion in Amna Puri-Mirza. Fueled by enormous revenues from oil exports, the economy boomed during the 1970s and 80s. It had ranked No. Year. Table 2 shows the categories of non-oil exports between 1990 and 2015, listing the average growth rates of non-oil export components for this duration, as well as their shares of total exports. Last week's agreement by OPEC+ to increase oil production by 200,000 barrels per day in July and August, a decision spearheaded by Saudi Arabia, was Today, industrial products make up more than 90 percent of the Kingdoms non-oil exports. Saudi Arabias oil exports grew more than 123 percent year-on-year in October 2021 or 45.5 billion riyals ($12 billion), data issued by Saudi Arabia Service Trade data from WDI 2019. Value of exports (million $) 173,864: Value of petroleum exports (million $) 119,359: Current account balance (million $)-19,647: Proven crude oil reserves (million barrels) 261,600: Proven natural gas reserves (billion cu. For viewing trade, tariff data for country or region by year click here . Saudi Arabia. Unlike most developing countries, Saudi Arabia had an abundance of capital, and vast development projects sprung up that turned the once underdeveloped country into a modern state. Saudi Arabia has an oil-based economy with strong government controls over major economic activities. Russia is the worlds largest exporter of oil to global markets and the second largest crude oil exporter behind Saudi Arabia. Saudi Arabia, Imports of goods and services as percentage of GDP is 27.61 %. Today, industrial products make up more than 90 percent of the Kingdoms non-oil exports. Kingdom of Saudi Arabias oil and gas wealth in the Government. The country direction's report considered China as the This page provides the data for your chosen country across all of the key metrics on this topic. Stock analysis for Saudi Arabian Oil Co (ARAMCO:Saudi Arabia) including stock price, stock chart, company news, key statistics, fundamentals and company profile. After the economic downturn and volatile oil prices seen in 2020, oil price has since rebounded in 2021 from an average of US$50 in early 2021 to approx. Saudi Arabia needs oil to be priced at around $85 per barrel to fund its budget, but prices have been well short of The value of The value of Saudi Arabia is overly dependent on volatile oil revenue for its government budget and economic growth. Vision 2030 is a detailed plan to balance the budget, create jobs and diversify the economy US pips Saudi Arabia as second largest exporter of crude oil to India. View and export this data back to 1973. In December 2021, it exported 7.8 mb/d, of which crude and condensate accounted for 5 mb/d, or 64%.