SUMMARY:
The U.S.-Saudi trade relationship rebounded from the pandemic lows of 2020 and posted record high exchanges of non-oil and non-defense goods. Total trade volume totaled SAR92.5 billion ($24.7 billion), rising 22 percent from last year’s SAR75.8 billion ($20.2 billion). U.S. exports to Saudi Arabia totaled SAR41.8 billion ($11.1 billion), up 0.3 percent from last year. However, exports of key defense-related segments declined while electronics, industrial goods, motor vehicles, and pharmaceuticals expanded.
Total Saudi exports reached SAR50.7 billion ($13.5 billion), rising sharply from last year’s SAR33.7 billion ($9 billion). Saudi non-oil exports to the U.S. totaled SAR9.1 billion ($2.4 billion), rising 71 percent from last year’s SAR5.3 billion ($1.4 billion). This marked the highest annual level of non-oil exports from Saudi Arabia to the U.S. on record. Oil exports to the U.S. meanwhile rose 46 percent from SAR28.5 billion ($7.6 billion) to SAR41.6 billion ($11.1 billion). The trade relationship between the two countries continues to evolve as Saudi non-oil exports grow beyond downstream petroleum industry products to metals and industrial manufactures while the U.S. remains the Kingdom’s second largest source of goods across a highly diversified export profile.
FULL REPORT CONTAINS:
- U.S.-Saudi Trade Balance (Past Ten Years)
- Leading Saudi Non-Oil Exports
- Leading U.S. Exports to Saudi Arabia
- Fastest Growing Saudi Non-Oil Exports
- Top Ten U.S. States Exporting to Saudi Arabia
- Top Ten U.S. States Importing from Saudi Arabia
- Top U.S. Ports Trading with the Kingdom of Saudi Arabia
- Estimated U.S. Jobs Supported by State from Exports to Saudi Arabia
- U.S.-Saudi Trade Outlook
