Saudi Arabia Trading Portal

Trading Partner Portal: Saudi Arabia


Trade Overview

saudiarabia_usa_ca_flagsThe Kingdom of Saudi Arabia has a population of approximately 32.9 million and is roughly one-fifth the size of the US geographically. It is the largest country in the world without a single river. In 2015 Saudi Arabia had a GDP of $683.8 billion.

As the leading producer of oil and natural gas in the world, Saudi Arabia is largely economically dependent on petroleum output. It holds 16 percent of the world’s petroleum reserves and is the largest exporter of petroleum. (CIA Factbook)

The Kingdom of Saudi Arabia has been a member of the WTO since 2005, and has since been working towards attracting foreign investment. The government recently begun a campaign to build up six “economic cities” in the country to promote the national economy, create more jobs, improve domestic skills, develop the regions and diversify the economy.

Saudi Arabian FDI in the US reached $12.m billion in 2016, while US FDI in Saudi Arabia reached $11 billion in 2017. Saudi Arabian FDI in the US supported 10,600 jobs, as well as contributed $2.1 billion to expanding US exports. The top industry sectors for Saudi Arabian FDI in 2016 were: plastics, coal oil and natural gas, chemicals, textiles, and transportation.  Select USA

Saudi Arabia’s Economic Cities​
Saudi Arabian General Investment Authority

Two-way trade in goods between the United States and Saudi Arabia was around $37.7 billion in 2018. Saudi Arabia is the United States’ 23rd largest export destination with $13.6 billion in exports. The top import into the United States from Saudi Arabia is oil and gas, accounting for 88.9% of total imports. Top exports from the United States to Saudi Arabia include transportation equipment, machinery except electrical, chemicals, and computers.

Saudi Arabia is California’s 29th largest export destination. In 2018, California exported approximately $948.8 million to Saudi Arabia. California is among the top five state exporters to Saudi Arabia. Agricultural products accounted for 26.6% of exports, while transportation equipment accounted for 17.6%. Computer and electronic products accounted for 15.6% of exports, totaling $148 million, while non-electrical machinery accounted for 8.2% and $77 million.

Trade Policy Review: Saudi Arabia
WTO, January 2012

Saudi Arabia raises WTO membership to 149
WTO, December 2005

CIA Factbook: Saudi Arabia​​

U.S. – Saudi Business Opportunities Forum

U.S. – Saudi Business Opportunities Forum


Already the largest economy in the region and a key member of the G20, Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade.

This recent US-Saudi Forum was held September 16-18 in Los Angeles highlighting the U.S.-Saudi commercial and trade relationship and how U.S. companies can participate in Saudi Arabia’s expansion. Approximately 1,200 American and Saudi businesses, government officials, academics and opinion leaders were in attendance.

US-Saudi Forum Keynote: His Excellency Dr. Tawfig Alrabiah

Keynote Address: The Honorable Penny Pritzker, U.S. Secretary of Commerce

Obama Trade Official Highlights the Positive Impact of Expanding the U.S.-Saudi Arabia Trade Relationship
ITA Blog, September 18, 2013