Saudi Arabia
U.S.-Saudi Arabia Trade Facts
U.S. goods and services trade with Saudi Arabia totaled $48 billion in 2010 (latest data available). Exports totaled $16 billion; Imports totaled $32 billion. The U.S. goods and services trade deficit with Saudi Arabia was $16 billion in 2010.
Saudi Arabia is currently our 12th largest goods trading partner with $61 billion in total (two ways) goods trade during 2011. Goods exports totaled $14 billion; Goods imports totaled $47 billion. The U.S. goods trade deficit with Saudi Arabia was $34 billion in 2011.
Trade in services with Saudi Arabia (exports and imports) totaled $5.0 billion in 2010 (latest data available). Services exports were $4.5 billion; Services imports were $504 million. The U.S. services trade surplus with Saudi Arabia was $4.0 billion in 2010.
Exports
Saudi Arabia was the United States' 25th largest goods export market in 2011.
U.S. goods exports to Saudi Arabia in 2011 were $13.8 billion, up 19.6% ($2.3 billion) from 2010, and up 122% from 2000.
The top export categories (2-digit HS) in 2011 were: Vehicles ($4.4 billion ), Machinery ($3.0 billion), Electrical Machinery ($950 million), Optic and Medical Instruments ($589 million), and Aircraft ($504 million).
U.S. exports of agricultural products to Saudi Arabia totaled $1.3 billion in 2011, the 17th largest U.S. agricultural export market. Leading categories include: coarse grains ($183 million), wheat ($161 million), vegetable oils (excluding soybean oil) ($128 million), rice ($114 million), and dairy products ($113 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Saudi Arabia were $4.5 billion in 2010 (latest data available), 13.6% ($541 million) greater than 2009 and up 143% more than 1994 levels. The other private services (business, professional and technical services) category accounted for most of the U.S. exports to Saudi Arabia in 2010.
Imports
Saudi Arabia was the United States= 8th largest supplier of goods imports in 2011.
U.S. goods imports from Saudi Arabia totaled $47.5 billion in 2011, a 51.1% increase ($16.1 billion) from 2010, and up 234% from 2000. U.S. imports from Saudi Arabia accounted for 2.2% of overall U.S. imports in 2011.
The five largest import categories in 2011 were: Mineral Fuel (oil) ($46.2 billion), Organic Chemicals ($509 million), Fertilizers ($265 million), Special Other (returns) ($127 million), and Iron and Steel Products ($115 million).
U.S. imports of agricultural products from Saudi Arabia totaled $2 million in 2011.
U.S. imports of private commercial services* (i.e., excluding military and government) were $504 million in 2010 (latest data available, up 20.6% ($86 million) from 2009, and up 58% from 1994 level. Other private services (financial services), travel, and other transportation (port services) categories led U.S. imports from Saudi Arabia.
Trade Balance
The U.S. goods trade deficit with Saudi Arabia was $33.7 billion in 2011, a 69.5% increase ($13.8 billion) increase over 2010. The U.S. goods deficit with Saudi Arabia accounted for 4.6% of the overall U.S. goods trade deficit in 2011.
The United States had a service trade surplus of $4.0 billion with Saudi Arabia in 2010 (latest data available), up 13% from 2009.
Historical Trade Data
U.S. Goods Trade with Saudi Arabia (in billions of dollars)
|
1980 |
1985 |
1990 |
1994 |
2000 |
2008 |
2009 |
2010 |
2011 |
Balance |
6.7 |
2.6 |
-6.0 |
-1.7 |
-8.1 |
-42.3 |
-11.3 |
-19.9 |
-33.7 |
Exports |
5.8 |
4.4 |
4.0 |
6.0 |
6.2 |
12.5 |
10.8 |
11.6 |
13.8 |
Imports |
12.5 |
1.9 |
10.0 |
7.7 |
14.4 |
54.7 |
22.1 |
31.4 |
47.5 |
U.S. Services Trade with Saudi Arabia (in billions of dollars), 1994, 2000, 2004-2010
|
1994 |
2000 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
Balance |
1.5 |
1.3 |
1.3 |
1.4 |
1.9 |
2.5 |
3.3 |
3.6 |
4.0 |
Exports |
1.9 |
1.8 |
1.7 |
1.8 |
2.3 |
3.0 |
3.9 |
4.0 |
4.5 |
Imports |
0.3 |
0.5 |
0.4 |
0.4 |
0.4 |
0.5 |
0.6 |
0.4 |
0.5 |
Investment
U.S. foreign direct investment (FDI) in Saudi Arabia (stock) was $8.0 billion in 2010 (latest data available), a 0.2% decrease from 2009.
U.S. direct investment in Saudi Arabia is concentrated mostly in the nonbank holding companies sector.
Saudi Arabia FDI in the United States (stock) was not available in 2010.
Sales of services in Saudi Arabia by majority U.S.-owned affiliates were $2.2 billion in 2009 (latest data available), while sales of services in the United States by majority Saudi Arabia-owned firms were not available ($2.8 billion in 2007).
*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.