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Saudi Arabia

Saudi Arabia ranked No. 26 in total trade value through August with a total of $18.85 billion. Exports totaled $9 billion and Imports totaled $9.86 billion, a deficit of $856.35 million.

January – August 2019

Top Trading Ports

Total Trade: $18.85 billion

RankPortTotal YTD
1Port of Richmond, Calif. $2,165,275,201
2Port of Port Arthur, Texas $1,612,064,594
3Port of Philadelphia $1,545,395,212
4Port of Wilmington, N.C. $1,528,101,648
5Port of Houston $1,280,393,303
6Port of Long Beach $827,265,836
7John F. Kennedy International Airport $782,721,775
8Port of El Segundo, Calif. $761,836,831
9Port of Newark $545,366,975
10Port of Wilmington, Dela. $505,003,503

U.S. trade with Saudi Arabia rose to $18.85 billion through August

Saudi Arabia’s trade with the United States rose to $18.85 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.14 percent below its total trade during the same time period last year. U.S. exports to Saudi Arabia decreased 2.93 percent while U.S. imports from Saudi Arabia fell 32.68 percent. The U.S. deficit with Saudi Arabia was $856.35 million.

Through August, 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 Philadelphia; No. 4 Port of Wilmington, N.C.; and No. 5 Port of Houston. 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 Houston No. 4 Port of Philadelphia and No. 5 Port of Wilmington, N.C.. In the current time period, the top five accounted for 43.13 percent of Saudi Arabia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Richmond, Calif. fell 12.68 percent to $2.17 billion.
    There were no exports. Imports fell 12.68 percent to $2.17 billion.
  • Trade with No. 2 Port of Port Arthur, Texas fell 58.67 percent to $1.61 billion.
    There were no exports. Imports fell 58.67 percent to $1.61 billion.
  • Trade with No. 3 Port of Philadelphia fell 0.65 percent to $1.55 billion.
    Exports rose 62.69 percent to $7.96 million. Imports fell 0.85 percent to $1.54 billion.
  • Trade with No. 4 Port of Wilmington, N.C. rose 11.68 percent to $1.53 billion.
    Exports rose 24.86 percent to $1.49 billion. Imports fell 79.91 percent to $34.58 million.
  • Trade with No. 5 Port of Houston fell 30.85 percent to $1.28 billion.
    Exports rose 21.58 percent to $849.13 million. Imports fell 62.6 percent to $431.26 million.

Saudi Arabia ranked No. 26 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 $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Saudi Arabia by value through August were the categories of Motor vehicles for transporting people; Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; Civilian aircraft, parts; and Aircraft engines, engine parts, respectively. They accounted for 36.86 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; Aluminum plates, sheets, strip more than 0.2mm thi; and Nitrogenous fertilizers –– accounted for 94.6 percent of all inbound shipments.

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

  • Motor vehicles for transporting people fell 14.16 percent compared to last year to $938.17 million.
  • Bombs, grenades, cartridges, parts fell 11.91 percent compared to last year to $896.75 million.
  • Defense-related aircraft, parts rose 24.06 percent compared to last year to $646.08 million.
  • Civilian aircraft, parts rose 6.67 percent compared to last year to $585.9 million.
  • Aircraft engines, engine parts rose 60.67 percent compared to last year to $250.41 million.

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

  • Oil fell 38.11 percent compared to last year to $8.13 billion.
  • Gasoline, other fuels rose 81.66 percent compared to last year to $800.12 million.
  • Value added to a returned import fell 22.07 percent compared to last year to $153.36 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 226.77 percent compared to last year to $150.62 million.
  • Nitrogenous fertilizers fell 7.03 percent compared to last year to $86.09 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.