Exports in Saudi Arabia
Saudi Arabia - Exports
GDP grew at the fastest pace in more than a decade in Q1 2022, with the oil sector driving the expansion. Oil production in the quarter rose to the highest level since Q4 2018 on the back of further boosts to OPEC+ production quotas. High oil prices boosted the external and fiscal balances, and are set to continue doing so, leading Fitch Ratings and S&P to upgrade the country’s sovereign debt ratings outlook to positive. The non-oil sector slowed somewhat, likely due to the Omicron variant’s impact on the global economy. Turning to Q2, activity is set to remain strong. OPEC+ production quotas will continue to gradually increase, while oil prices are set to remain at near-decade highs. This said, with the government pressing on with its diversification agenda, the oil windfall is unlikely to lead to as large of a fiscal stimulus to demand as in past years.Saudi Arabia - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 204 | 184 | 222 | 294 | 262 |
Saudi Arabia Exports Chart
Source: Central Department of Statistics and Information.
Saudi Arabia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.49 | 0.0 % | Jun 23 |
| Exchange Rate | 3.75 | 0.0 % | Dec 31 |
| Stock Market | 0.2 | 1.00 % | Jan 07 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Saudi Arabia: GDP growth improves in Q1
May 1, 2022
A flash estimate showed that the economy grew 9.6% on an annual basis in the first quarter of 2022, after expanding 6.7% in the fourth quarter of 2021. The improved performance was due to a stronger expansion of the oil sector, which grew 20.4% in Q1 2022 compared to 10.9% in Q4 2021.
-
Saudi Arabia: Oil prices decline in April, but remain at near-decade highs nonetheless
May 1, 2022
The OPEC oil basket traded at USD 105.8 per barrel on average in April, down 6.8% from the prior month.
-
Saudi Arabia: Inflation comes in at highest level since June 2021 in March
April 14, 2022
Consumer prices rose 0.27% in March over the previous month, largely in line with the 0.31% increase seen in February.
-
Saudi Arabia: Oil prices decline in April, but remain at near-decade highs nonetheless
April 2, 2022
The OPEC oil basket traded at USD 105.8 per barrel on average in April, down 6.8% from the prior month.
-
Saudi Arabia: Inflation rises in February
March 17, 2022
Consumer prices increased 0.31% over the previous month in February, which was stronger than January’s 0.15% increase.
© Copyright: 2022. | Saudi Arabia Exports | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
