Saudi Arabia: Trade openness

* indicates monthly or quarterly data series
 Saudi Arabia

Trade openness: exports plus imports as percent of GDP

 Latest value 63.51
 Year 2022
 Measure percent
 Data availability 1968 - 2022
 Average 75.18
 Min - Max 49.71 - 120.62
 Source The World Bank
For that indicator, we provide data for Saudi Arabia from 1968 to 2022. The average value for Saudi Arabia during that period was 75.18 percent with a minimum of 49.71 percent in 2020 and a maximum of 120.62 percent in 1973. The latest value from 2022 is 63.51 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. 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 values chart
Saudi Arabia - Trade openness - Recent values chart

Historical chart
Saudi Arabia - Trade openness - historical chart - 1968-2022




Definition: Exports plus imports as percent of GDP.

Related articles

Why do countries run trade deficits?

Are trade deficits bad for the economy?

International trade and economic development



 Related indicators Latest value Reference Measure
 Terms of trade 139.90 2021 percent
 Trade openness 63.51 2022 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 40.22 2022 percent
 Exports, billion dollars 445.88 2022 billion U.S. dollars
 Growth of exports 17.82 2022 percent
 Imports, percent of GDP 23.29 2022 percent
 Imports, billion dollars 258.21 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.53 2022 percent
 Foreign Direct Investment, billion dollars 7.89 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2004 million dollars (current)
 Current account, percent of GDP 13.67 2022 percent
 Current account, in dollars 153.49 2022 billion U.S. dollars
 Trade balance, percent of GDP 16.93 2022 percent
 Trade balance, in dollars 187.67 2022 billion U.S. dollars
 Reserves 478.23 2022 billion U.S. dollars
 Remittances, percent of GDP 0.03 2022 percent
 Remittances 287.02 2022 million U.S. dollars
 Net errors and omissions -7,805.82 2022 million USD
 Foreign exchange reserves 1,648.08 9/2023 billion
This site uses cookies.
Learn more here


OK