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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 $45.6 billion in 2017. Exports were $25.5 billion; imports were $20.1 billion. The U.S. goods and services trade surplus with Saudi Arabia was $5.4 billion in 2017.

Saudi Arabia is currently our 22nd largest goods trading partner with $35.2 billion in total (two way) goods trade during 2017. Goods exports totaled $16.3 billion; goods imports totaled $18.9 billion. The U.S. goods trade deficit with Saudi Arabia was $2.5 billion in 2017.

Trade in services with Saudi Arabia (exports and imports) totaled an estimated $10.4 billion in 2017. Services exports were $9.2 billion; services imports were $1.2 billion. The U.S. services trade surplus with Saudi Arabia was $8.0 billion in 2017.

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' 20th largest goods export market in 2017.

  • U.S. goods exports to Saudi Arabia in 2017 were $16.3 billion, down 9.2% ($1.7 billion) from 2016 but up 57.3% from 2007.  U.S. exports to Saudi Arabia account for 1.1% of overall U.S. exports in 2017.

  • The top export categories (2-digit HS) in 2017 were: aircraft ($3.6 billion), vehicles ($2.6 billion), machinery ($2.2 billion), electrical machinery ($1.6 billion), and arms and ammunition ($1.4 billionn).

  • U.S. total exports of agricultural products to Saudi Arabia totaled $1.5 billion in 2017. Leading domestic export categories include: corn ($266 million), tree nuts ($114 million), hay ($110 million), vegetable oils (ex. soybean) ($96 million), and rice ($88 million).

  • U.S. exports of services to Saudi Arabia were an estimated $9.2 billion in 2017, 1.7% ($155 million) less than 2016, but 105% greater than 2007 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' 21st largest supplier of goods imports in 2017.

  • U.S. goods imports from Saudi Arabia totaled $18.9 billion in 2017, up 11.6% ($2.0 billion) from 2016, but down 47.0% from 2007.  

  • The top import categories (2-digit HS) in 2017 were: mineral fuels ($18 billion), organic chemicals ($303 million), special other (returns) ($247 million), aluminum ($164 million), and fertilizers ($148 million).

  • U.S. total imports of agricultural products from Saudi Arabia totaled $5 million in 2017. Leading categories include: processed fruit & vegetables ($3 million), snack foods, cheese ($618 thousand), roasted & instant coffee ($39 thousand), and other dairy products ($38 thousand).

  • U.S. imports of services from Saudi Arabia were an estimated $1.2 billion in 2017, 2.4% ($28 million) more than 2016, and 40.7% less than 2007 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 surplus of $1.1 billion in 2016 to a goods trade deficit of $2.5 billion in 2017.

  • The United States has a services trade surplus of an estimated $8.0 billion with Saudi Arabia in 2017, down 6.3% from 2016.

Investment

  • U.S. foreign direct investment (FDI) in Saudi Arabia (stock) was $11.1 billion in 2017, 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.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.