Saudi Arabia

Saudi Arabia ranked No. 28 in total trade value through June with a total of $11.33 billion. Exports totaled $5.61 billion and Imports totaled $5.72 billion, a deficit of $101.74 million.

U.S. trade with Saudi Arabia rose to $11.33 billion through June

Saudi Arabia’s trade with the United States rose to $11.33 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 22.84 percent below its total trade during the same time period last year. U.S. exports to Saudi Arabia decreased 18.29 percent while U.S. imports from Saudi Arabia fell 26.84 percent. The U.S. deficit with Saudi Arabia was $101.74 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Richmond, Calif.; No. 2 Port of Port Arthur, Texas; No. 3 Port of Houston; No. 4 Port of Texas City, Texas; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Port of Richmond, Calif.; No. 2 Port of Port Arthur, Texas; No. 3 Port of Philadelphia; No. 4 Port of Wilmington, N.C. and No. 5 Port of Houston. In the current time period, the top five accounted for 37.93 percent of Saudi Arabia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Richmond, Calif. fell 26.64 percent to $1.13 billion.
    There were no exports. Imports fell 26.64 percent to $1.13 billion.
  • Trade with No. 2 Port of Port Arthur, Texas fell 23.56 percent to $998.88 million.
    There were no exports. Imports fell 23.56 percent to $998.88 million.
  • Trade with No. 3 Port of Houston fell 0.78 percent to $835.36 million.
    Exports rose 10.32 percent to $668.16 million. Imports fell 29.24 percent to $167.2 million.
  • Trade with No. 4 Port of Texas City, Texas rose 137.43 percent to $735.14 million.
    Exports totaled $10.45 million. Imports rose 134.05 percent to $724.69 million.
  • Trade with No. 5 Port of Philadelphia fell 49.73 percent to $599.22 million.
    Exports fell 74.39 percent to $1.82 million. Imports fell 49.58 percent to $597.4 million.

Saudi Arabia ranked No. 28 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 28.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Saudi Arabia by value through June were the categories of Passenger vehicles; Defense-related aircraft, parts; Civilian aircraft, parts; Satellites, related equipment; and Bombs, grenades, cartridges, parts, respectively. They accounted for 33.47 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; Returned exports, without change; Aluminum plates, sheets, strip more than 0.2mm thi; and Cyclic hydrocarbons –– accounted for 94.2 percent of all inbound shipments.

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

  • Passenger vehicles fell 18.11 percent compared to last year to $589.82 million.
  • Defense-related aircraft, parts rose 18.62 percent compared to last year to $578.1 million.
  • Civilian aircraft, parts fell 50.52 percent compared to last year to $280.81 million.
  • Satellites, related equipment totaled $219.72 million. The previous year, there were no exports in this category.
  • Bombs, grenades, cartridges, parts fell 59.05 percent compared to last year to $211.04 million.

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

  • Oil fell 24.59 percent compared to last year to $4.88 billion.
  • Gasoline, other fuels fell 76.49 percent compared to last year to $141.65 million.
  • Returned exports, without change rose 25.09 percent compared to last year to $136.37 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 17.73 percent compared to last year to $129.59 million.
  • Cyclic hydrocarbons rose 413.28 percent compared to last year to $94.47 million.

In the latest annual figures available, Saudi Arabia recorded $27.73 billion in trade with the United States. Total U.S. exports to Saudi Arabia were $ 14.29 billion and imports from Saudi Arabia were $13.44 billion. The U.S. surplus with Saudi Arabia was $846.35 million.