U.S.-Saudi Arabia Trade Facts
U.S. goods and services trade with Saudi Arabia totaled $81 billion in 2012 (latest data available). Exports totaled $25 billion; Imports totaled $56 billion. The U.S. goods and services trade deficit with Saudi Arabia was $31 billion in 2012.
Saudi Arabia is currently our 10th largest goods trading partner with $71 billion in total (two ways) goods trade during 2013. Goods exports totaled $19 billion; Goods imports totaled $52 billion. The U.S. goods trade deficit with Saudi Arabia was $33 billion in 2013.
Trade in services with Saudi Arabia (exports and imports) totaled $6.1 billion in 2012 (latest data available). Services exports were $6.6 billion; Services imports were $487 million. The U.S. services trade surplus with Saudi Arabia was $6.2 billion in 2012.
Saudi Arabia was the United States' 19th largest goods export market in 2013.
U.S. goods exports to Saudi Arabia in 2013 were $19.0 billion, up 5.7% ($1.0 billion) from 2012, and up 313% from 2003.
The top export categories (2-digit HS) in 2013 were: Vehicles ($5.8 billion), Machinery ($3.6 billion), Aircraft ($2.1 billion), Electrical Machinery ($1.4 billion), and Optic and Medical Instruments ($923 million).
U.S. exports of agricultural products to Saudi Arabia totaled $1.2 billion in 2013. Leading categories include: dairy products ($166 million), vegetable oils (excluding soybean oil) ($115 million), rice ($115 million), soybeans ($113 million), and corn ($95 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Saudi Arabia were $6.6 billion in 2012 (latest data available), 27.0% ($1.4 billion) greater than 2011 and up 343% more than 2002 levels. The other private services (business, professional and technical services) category accounted for most of the U.S. exports to Saudi Arabia in 2011.
Saudi Arabia was the United States' 8th largest supplier of goods imports in 2013.
U.S. goods imports from Saudi Arabia totaled $51.8 billion in 2013, a 6.9% decrease ($3.9 billion) from 2012, but up 187% from 2003. U.S. imports from Saudi Arabia accounted for 2.3% of overall U.S. imports in 2013.
The five largest import categories in 2013 were: Mineral Fuel (oil) ($50.7 billion), Organic Chemicals ($429 million), Fertilizers ($164 million), Special Other (returns) ($161 million), and Iron and Steel Products ($105 million).
U.S. imports of agricultural products from Saudi Arabia totaled $3 million in 2013.
U.S. imports of private commercial services* (i.e., excluding military and government) were $487 million in 2012 (latest data available), down 11.8% ($65 million) from 2011, and down 13% from 2002 level. Other private services (business, professional and technical services) and travel categories led U.S. imports from Saudi Arabia.
The U.S. goods trade deficit with Saudi Arabia was $32.8 billion in 2013, a 13.0% decrease ($4.9 billion) over 2012. The U.S. goods deficit with Saudi Arabia accounted for 4.8% of the overall U.S. goods trade deficit in 2013.
The United States had a service trade surplus of $6.2 billion with Saudi Arabia in 2012 (latest data available), up 31.5% from 2011.
U.S. foreign direct investment (FDI) in Saudi Arabia (stock) was $9.7 billion in 2012 (latest data available), a 17.5% increase from 2011.
U.S. direct investment in Saudi Arabia is concentrated mostly in the nonbank holding companies sector.
Saudi Arabia FDI in the United States (stock) was not available in 2012.
Sales of services in Saudi Arabia by majority U.S.-owned affiliates were $2.5 billion in 2011 (latest data available), while sales of services in the United States by majority Saudi Arabia-owned firms were $2.3 billion.
*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.