What is the value of US trade with Saudi Arabia?
Updates published annually
$15 billion in imports and $24.8 billion in exports in 2024. That means that the US exported $9.73 billion more from Saudi Arabia than we imported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$15B
Value of imports from Saudi Arabia to the US (2024)
$24.8B
Value of exports from the US to Saudi Arabia (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Saudi Arabia as the US’ 31st top trading partner: In 2024, the US traded $39.8 billion in goods and services with Saudi Arabia. Countries with similar trade values include Sweden ($39.9B) and Denmark ($37.5B).
In 2024, the US traded $39.8 billion in goods and services with Saudi Arabia.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US had a trade surplus with Saudi Arabia in 2024. The 2024 surplus was $9.73 billion, an increase from 2023's surplus of $7.22 billion.
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The trade surplus with Saudi Arabia increased to $9.73B in 2024.
Annual trade balance with Saudi Arabia, not adjusted for inflation
In 2024, 85.8% of imports from Saudi Arabia to the US were goods. The largest category was industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), accounting for $12.5 billion. The top three imports were industrial supplies and materials, other merchandise, and capital goods (tools used for the production process, like machinery and equipment). These categories accounted for $12.8 billion of total imports.
The other 14.2% were services, with government goods and services being the largest service category. Government goods and services accounted for $677 million.
Industrial supplies and materials made up 83.2% of US imports from Saudi Arabia in 2024.
US imports from Saudi Arabia by category (2024)
In 2024, more US exports to Saudi Arabia were goods — 54.2%. The largest export was capital goods, which accounted for a value of $5.15 billion. The top three exports were capital goods, industrial supplies and materials, and automotive vehicles and parts. These categories accounted for $9.62 billion of exports to Saudi Arabia.
The other 45.8% were services, with financial services being the largest service category. Financial services (services normally provided by banks and other financial institutions) accounted for $2.18 billion.
Capital goods made up 20.8% of US exports to Saudi Arabia in 2024.
US exports to Saudi Arabia by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
