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Saudi Arabia

Saudi Arabia ranked No. 22 in total trade value through October with a total of $31.12 billion. Exports totaled $11.46 billion and Imports totaled $19.65 billion, a deficit of $8.19 billion.

January – October 2018

Top Trading Ports

Total Trade: $31.12 billion

RankPortTotal YTD
1Port of Port Arthur, Texas $4,994,857,943
2Port of Richmond, Calif. $3,222,835,254
3Port of Houston $2,510,567,373
4Port of Philadelphia $1,998,425,620
5Port of Wilmington, N.C. $1,781,308,677
6Port of Long Beach $1,758,779,749
7Port of El Segundo, Calif. $1,104,352,744
8John F. Kennedy International Airport $1,005,094,623
9Port of Lake Charles, La. $972,677,249
10Port of Newark $825,481,936

U.S. trade with Saudi Arabia rose to $31.12 billion through October

Saudi Arabia’s trade with the United States rose to $31.12 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.54 percent above its total trade during the same time period last year. Saudi Arabia’s exports decreased 16.87 percent while imports rose 23.02 percent. The U.S. deficit with Saudi Arabia was $8.19 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Port Arthur, Texas; No. 2 Port of Richmond, Calif.; No. 3 Port of Houston; No. 4 Port of Philadelphia; and No. 5 Port of Wilmington, N.C.. During the same period the previous year, the top five were No. 1 Port of Port Arthur, Texas No. 2 Port of Richmond, Calif. No. 3 Port of Morgan City, La. No. 4 Port of Houston and No. 5 Port of Wilmington, N.C.. In the current time period, the top five accounted for 46.62 percent of Saudi Arabia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Port Arthur, Texas rose 71.15 percent to $4.99 billion.
    There were no exports. Imports rose 71.25 percent to $4.99 billion.
  • Trade with No. 2 Port of Richmond, Calif. rose 41.79 percent to $3.22 billion.
    There were no exports. Imports rose 41.79 percent to $3.22 billion.
  • Trade with No. 3 Port of Houston rose 27.92 percent to $2.51 billion.
    Exports rose 3.18 percent to $902.65 million. Imports rose 47.81 percent to $1.61 billion.
  • Trade with No. 4 Port of Philadelphia rose 160.66 percent to $2 billion.
    Exports fell 25.43 percent to $6.72 million. Imports rose 162.87 percent to $1.99 billion.
  • Trade with No. 5 Port of Wilmington, N.C. rose 8.71 percent to $1.78 billion.
    Exports rose 6.26 percent to $1.57 billion. Imports rose 31.46 percent to $209.66 million.

Saudi Arabia ranked No. 22 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 23.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Saudi Arabia by value through October were the categories of Motor vehicles for transporting people; Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; Civilian aircraft, parts; and Corn, respectively. They accounted for 36.39 percent of total exports to Saudi Arabia.

The value of the top five categories of U.S. imports from Saudi Arabia –– Oil; Gasoline, other fuels; Value added to a returned import; Acyclic alcohols; and Nitrogenous fertilizers –– accounted for 96.32 percent of all inbound shipments.

Looking more closely at U.S. exports to Saudi Arabia:

  • Motor vehicles for transporting people rose 13.68 percent compared to last year to $1.38 billion.
  • Bombs, grenades, cartridges, parts rose 14.83 percent compared to last year to $1.23 billion.
  • Defense-related aircraft, parts rose 14.83 percent compared to last year to $728.41 million.
  • Civilian aircraft, parts fell 79.04 percent compared to last year to $573.79 million.
  • Corn rose 2.07 percent compared to last year to $254.23 million.

Looking more closely at U.S. imports from Saudi Arabia:

  • Oil rose 17.47 percent compared to last year to $17.53 billion.
  • Gasoline, other fuels rose 1924.55 percent compared to last year to $820.44 million.
  • Value added to a returned import rose 19.81 percent compared to last year to $231.14 million.
  • Acyclic alcohols rose 36.35 percent compared to last year to $220.83 million.
  • Nitrogenous fertilizers rose 28.74 percent compared to last year to $126.08 million.

In the latest annual figures available, Saudi Arabia recorded $35.13 billion in trade with the United States. At year’s end, its were Houston; New Orleans; Port Arthur, Texas; San Francisco; and Los Angeles. Total U.S. exports to Saudi Arabia were $ 16.26 billion and imports from Saudi Arabia were $18.87 billion. The U.S. deficit with Saudi Arabia was $2.61 billion.