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Saudi Arabia

Saudi Arabia ranked No. 24 in total trade value through March with a total of $8.04 billion. Exports totaled $3.87 billion and Imports totaled $4.17 billion, a deficit of $300.54 million.

January – March 2019

Top Trading Ports

Total Trade: $8.04 billion

RankPortTotal YTD
1Port of Richmond, Calif. $725,113,582
2Port of Wilmington, N.C. $687,398,014
3Port of Philadelphia $585,262,893
4Port of Long Beach $522,673,423
5Port of Port Arthur, Texas $462,295,617
6Dallas-Fort Worth International Airport, Texas $418,330,439
7Port of Houston $383,464,505
8Port of Newark $294,574,612
9Port of El Segundo, Calif. $283,830,188
10John F. Kennedy International Airport $282,414,187

U.S. trade with Saudi Arabia rose to $8.04 billion through March

Saudi Arabia’s trade with the United States rose to $8.04 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.12 percent above its total trade during the same time period last year. Saudi Arabia’s exports increased 15.38 percent while imports fell 4.52 percent. The U.S. deficit with Saudi Arabia was $300.54 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Richmond, Calif.; No. 2 Port of Wilmington, N.C.; No. 3 Port of Philadelphia; No. 4 Port of Long Beach; and No. 5 Port of Port Arthur, Texas. 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 Philadelphia No. 4 Port of Houston and No. 5 Port of Wilmington, N.C.. In the current time period, the top five accounted for 37.08 percent of Saudi Arabia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Richmond, Calif. rose 1 percent to $725.11 million.
    There were no exports. Imports rose 1 percent to $725.11 million.
  • Trade with No. 2 Port of Wilmington, N.C. rose 99.25 percent to $687.4 million.
    Exports rose 140.55 percent to $676.69 million. Imports fell 83.19 percent to $10.7 million.
  • Trade with No. 3 Port of Philadelphia rose 8.37 percent to $585.26 million.
    Exports rose 363.66 percent to $3.64 million. Imports rose 7.85 percent to $581.63 million.
  • Trade with No. 4 Port of Long Beach rose 92.58 percent to $522.67 million.
    Exports rose 26.93 percent to $59.46 million. Imports rose 106.27 percent to $463.22 million.
  • Trade with No. 5 Port of Port Arthur, Texas fell 59.26 percent to $462.3 million.
    There were no exports. Imports fell 59.26 percent to $462.3 million.

Saudi Arabia ranked No. 24 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 24.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Saudi Arabia by value through March were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; and Aircraft engines, engine parts, respectively. They accounted for 44.18 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; Aluminum plates, sheets, strip more than 0.2mm thi; Nitrogenous fertilizers; and Misc. mineral or chemical fertilizers –– accounted for 94.57 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 78.24 percent compared to last year to $477.92 million.
  • Motor vehicles for transporting people fell 14.24 percent compared to last year to $465.37 million.
  • Bombs, grenades, cartridges, parts rose 241.98 percent compared to last year to $417.14 million.
  • Defense-related aircraft, parts rose 1.68 percent compared to last year to $185.52 million.
  • Aircraft engines, engine parts rose 94.06 percent compared to last year to $164.25 million.

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

  • Oil fell 10.32 percent compared to last year to $3.3 billion.
  • Gasoline, other fuels rose 107.74 percent compared to last year to $496.55 million.
  • Aluminum plates, sheets, strip more than 0.2mm thi rose 187.88 percent compared to last year to $49.56 million.
  • Nitrogenous fertilizers fell 8.02 percent compared to last year to $48.84 million.
  • Misc. mineral or chemical fertilizers rose 297.05 percent compared to last year to $48.01 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.