Saudi Arabia: Terms of trade
* indicates monthly or quarterly data series
| Saudi Arabia |
Terms of trade, base year = 2000 |
|---|---|
| Latest value | 139.90 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2000 - 2021 |
| Average | 128.54 |
| Min - Max | 89.01 - 161.90 |
| Source | The United Nations |
The latest value from 2021 is 139.9 percent, an increase from 113.2 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Saudi Arabia from 2000 to 2021 is 128.54 percent. The minimum value, 89.01 percent, was reached in 2016 while the maximum of 161.9 percent was recorded in 2005.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
The terms of trade for Saudi Arabia are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 139.90 | 2021 | percent |
| Trade openness | 62.13 | 2023 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 34.75 | 2023 | percent |
| Exports, billion dollars | 370.98 | 2023 | billion U.S. dollars |
| Growth of exports | -6.51 | 2023 | percent |
| Imports, percent of GDP | 27.38 | 2023 | percent |
| Imports, billion dollars | 292.28 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.15 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 28.06 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 4,223.41 | 2023 | million dollars (current) |
| Current account, percent of GDP | 3.19 | 2023 | percent |
| Current account, in dollars | 34.07 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 7.37 | 2023 | percent |
| Trade balance, in dollars | 79.41 | 2023 | billion U.S. dollars |
| Reserves | 457.95 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.03 | 2023 | percent |
| Remittances | 281.98 | 2023 | million U.S. dollars |
| Net errors and omissions | -7,309.55 | 2023 | million USD |
| Foreign exchange reserves | 1,713.65 | 9/2024 | billion |