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Saudi Arabia

U.S.-Saudi Arabia Trade Facts

U.S. goods and services trade with Saudi Arabia totaled an estimated $48.1 billion in 2018. Exports were $22.4 billion; imports were $25.7 billion. The U.S. goods and services trade deficit with Saudi Arabia was $3.3 billion in 2018.

Saudi Arabia is currently our 22nd largest goods trading partner with $37.7 billion in total (two way) goods trade during 2018. Goods exports totaled $13.6 billion; goods imports totaled $24.1 billion. The U.S. goods trade deficit with Saudi Arabia was $10.5 billion in 2018.

Trade in services with Saudi Arabia (exports and imports) totaled an estimated $10.3 billion in 2018. Services exports were $8.8 billion; services imports were $1.6 billion. The U.S. services trade surplus with Saudi Arabia was $7.2 billion in 2018.

According to the Department of Commerce, U.S. exports of Goods and Services to Saudi Arabia supported an estimated 165 thousand jobs in 2015 (latest data available) (101 thousand supported by goods exports and 63 thousand supported by services exports).

Exports

  • Saudi Arabia was the United States' 23rd largest goods export market in 2018.
     
  • U.S. goods exports to Saudi Arabia in 2018 were $13.6 billion, down 16.7% ($2.7 billion) from 2017 but up 9.1% from 2008. 
     
  • The top export categories (2-digit HS) in 2018 were: vehicles ($2.1 billion), machinery ($1.9 billion), aircraft ($1.7 billion), arms and ammunition ($1.5 billion), and electrical machinery ($1.1 billion).
     
  • U.S. total exports of agricultural products to Saudi Arabia totaled $1.4 billion in 2018. Leading domestic export categories include: corn ($297 million), hay ($155 million), soybeans ($121 million), tree nuts ($115 million), and dairy products ($78 million).
     
  • U.S. exports of services to Saudi Arabia were an estimated $8.8 billion in 2018, 4.7% ($430 million) less than 2017, but 74.4% greater than 2008 levels.  Leading services exports from the U.S. to Saudi Arabia were in the travel, financial services, and maintenance and repair services sectors.

Imports

  • Saudi Arabia was the United States' 20th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Saudi Arabia totaled $24.1 billion in 2018, up 27.6% ($5.2 billion) from 2017, but down 56.0% from 2008. 
     
  • The top import categories (2-digit HS) in 2018 were: mineral fuels ($23 billion), organic chemicals ($357 million), special other (returns) ($260 million), aluminum ($233 million), and fertilizers ($210 million).
     
  • U.S. total imports of agricultural products from Saudi Arabia totaled $7 million in 2018. Leading categories include: processed fruit & vegetables ($4 million), snack foods, tea, including herb ($220 thousand), fruit & vegetable juices ($74 thousand), and roasted & instant coffee ($71 thousand).
     
  • U.S. imports of services from Saudi Arabia were an estimated $1.6 billion in 2018, 30.9% ($374 million) more than 2017, and 12.3% less than 2008 levels.  Leading services imports from Saudi Arabia to the U.S. were in the travel, financial services, and transport sectors.

Trade Balance

  • The U.S. goods trade deficit with Saudi Arabia was $10.5 billion in 2018, a 313.2% increase ($7.9 billion) over 2017.
     
  • The United States has a services trade surplus of an estimated $7.2 billion with Saudi Arabia in 2018, down 10.1% from 2017.

Investment

  • U.S. foreign direct investment (FDI) in Saudi Arabia (stock) was $11.1 billion in 2017 (latest data available), a 4.7% increase from 2016. U.S. direct investment in Saudi Arabia is led by nonbank holding companies, mining, and wholesale trade.
     
  • No data on Saudi Arabia's FDI in the U.S. are available.
     
  • Sales of services in Saudi Arabia by majority U.S.-owned affiliates were $4.6 billion in 2016 (latest data available), while sales of services in the United States by majority Saudi Arabia-owned firms were $1.8 billion.