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Saudi Arabia

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U.S.-Saudi Arabia Trade Facts

U.S. goods and services trade with Saudi Arabia totaled an estimated $45.7 billion in 2016. Exports were $27.7 billion; imports were $18.1 billion. The U.S. goods and services trade surplus with Saudi Arabia was $9.6 billion in 2016.

Saudi Arabia is currently our 23rd largest goods trading partner with $34.9 billion in total (two way) goods trade during 2016. Goods exports totaled $18.0 billion; goods imports totaled $16.9 billion. The U.S. goods trade surplus with Saudi Arabia was $1.1 billion in 2016.

Trade in services with Saudi Arabia (exports and imports) totaled an estimated $10.8 billion in 2016. Services exports were $9.7 billion; services imports were $1.2 billion. The U.S. services trade surplus with Saudi Arabia was $8.5 billion in 2016.

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' 19th largest goods export market in 2016.

  • U.S. goods exports to Saudi Arabia in 2016 were $18.0 billion, down 9.2% ($1.8 billion) from 2015 but up 135.3% from 2006.  U.S. exports to Saudi Arabia account for 1.2% of overall U.S. exports in 2016.

  • The top export categories (2-digit HS) in 2016 were: aircraft ($4.7 billion), vehicles ($3.6 billion), machinery ($2.6 billion), electrical machinery ($1.3 billion), and optical and medical instruments ($607 million).

  • U.S. total exports of agricultural products to Saudi Arabia totaled $1.4 billion in 2016, our 17th largest agricultural export market. Leading domestic export categories include: corn ($343 million), rice ($93 million), vegetable oils (ex. soybean) ($89 million), tree nuts ($87 million), and soybeans ($85 million).

  • U.S. exports of services to Saudi Arabia were an estimated $9.7 billion in 2016, 1.3% ($128 million) less than 2015, but 202% greater than 2006 levels.  Leading services exports from the U.S. to Saudi Arabia were in the travel, maintenance and repair services, and technical and other services sectors.

Imports

  • Saudi Arabia was the United States' 22nd largest supplier of goods imports in 2016.

  • U.S. goods imports from Saudi Arabia totaled $16.9 billion in 2016, down 23.4% ($5.2 billion) from 2015, and down 46.6% from 2006.  

  • The top import categories (2-digit HS) in 2016 were: mineral fuels ($16 billion), special other (returns) ($303 million), organic chemicals ($240 million), fertilizers ($167 million), and aluminum ($101 million).

  • U.S. total imports of agricultural products from Saudi Arabia totaled $4 million in 2016. Leading categories include: processed fruit & vegetables ($2 million), snack foods ($874 thousand), planting seeds ($303 thousand), cheese ($193 thousand), and fruit & vegetable juices ($53 thousand).

  • U.S. imports of services from Saudi Arabia were an estimated $1.2 billion in 2016, 4.1% ($46 million) more than 2015, and 21.0% less than 2006 levels.  Leading services imports from Saudi Arabia to the U.S. were in the travel, transport, and technical and other services sectors.

Trade Balance

  • The U.S. trade balance with Saudi Arabia shifted from a goods trade deficit of $2.3 billion in 2015 to a goods trade surplus of $1.1 billion in 2016.

  • The United States has a services trade surplus of an estimated $8.5 billion with Saudi Arabia in 2016, down 2.0% from 2015.

Investment

  • U.S. foreign direct investment (FDI) in Saudi Arabia (stock) was $9.8 billion in 2016, a 1.6% increase from 2015.U.S. direct investment in Saudi Arabia is led by nonbank holding companies, mining, and manufacturing.

  • No data on Saudi Arabia's FDI in the U.S. are available.Saudi Arabia's direct investment in the U.S. is led by real estate, information services, and retail trade.

  • Sales of services in Saudi Arabia by majority U.S.-owned affiliates were $5.1 billion in 2015 (latest data available), while sales of services in the United States by majority Saudi Arabia-owned firms were $3.5 billion.