India (IND) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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India-Saudi Arabia In 2022, India exported $10.1B to Saudi Arabia. The main products that India exported to Saudi Arabia are Refined Petroleum ($1.92B), Cyclic Hydrocarbons ($1.04B), and Rice ($990M). During the last 27 years the exports of India to Saudi Arabia have increased at an annualized rate of 11.3%, from $558M in 1995 to $10.1B in 2022.

In 2022, India did not export any services to Saudi Arabia.

Saudi Arabia-India In 2022, Saudi Arabia exported $46.2B to India. The main products that Saudi Arabia exported to India were Crude Petroleum ($32.7B), Petroleum Gas ($2.96B), and Mixed Mineral or Chemical Fertilizers ($1.87B). During the last 27 years the exports of Saudi Arabia to India have increased at an annualized rate of 13.7%, from $1.45B in 1995 to $46.2B in 2022.

In 2022, Saudi Arabia did not export any services to India.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $1.08B and imported $2.35B from Saudi Arabia, resulting in a negative trade balance of $1.26B. Between January 2023 and January 2024 the exports of India have increased by $147M (15.7%) from $937M to $1.08B, while imports decreased by $-918M (-28.1%) from $3.26B to $2.35B.

Trade In January 2024, the top exports of India to Saudi Arabia were Petroleum Products ($165M), Rice -Basmoti ($126M), Motor Vehicle/Cars ($95.3M), Telecom Instruments ($32.5M), and Copper And Prdcts Made Of Copr ($29.7M). In January 2024 the top imports of India from Saudi Arabia were Petroleum: Crude ($2.26B), Petroleum Products ($261M), Fertilezers Manufactured ($196M), Plastic Raw Materials ($125M), and Aircraft, Spacecraft And Parts ($111M).

Growth In January 2024, the increase in India's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Petroleum Products ($154M or 1.41k%), Rice -Basmoti ($70.2M or 127%), and Motor Vehicle/Cars ($55.3M or 138%). In January 2024, the decrease in India's year-by-year imports from Saudi Arabia was explained primarily by an decrease in product imports in Petroleum: Crude ($-251M or -10%), Petroleum Products ($-182M or -41%), and Organic Chemicals ($-48.4M or -36.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$147M(15.7%)

IMPORT GROWTH (January 2023 - January 2024)$-918M(-28.1%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Saudi Arabia and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $10.1B to Saudi Arabia. The main products exported from India to Saudi Arabia were Refined Petroleum ($1.92B), Cyclic Hydrocarbons ($1.04B), and Rice ($990M). During the last 27 years the exports of India to Saudi Arabia have increased at an annualized rate of 11.3%, from $558M in 1995 to $10.1B in 2022.

In 2022, Saudi Arabia exported $46.2B to India. The main products exported from Saudi Arabia to India were Crude Petroleum ($32.7B), Petroleum Gas ($2.96B), and Mixed Mineral or Chemical Fertilizers ($1.87B). During the last 27 years the exports of Saudi Arabia to India have increased at an annualized rate of 13.7%, from $1.45B in 1995 to $46.2B in 2022.

Exports from India () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Saudi Arabia
Top DestinationChina$68B

This map shows whether countries import more from India or Saudi Arabia. Each country is colored based on the difference in imports they receive from India and Saudi Arabia or the difference in the growth in imports.

In 2021, countries that imported more from India than Saudi Arabia were United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2021, countries that imported more from Saudi Arabia than India were China ($68B), Japan ($36.5B), and South Korea ($36B).

Difference in imports from Saudi Arabia () and India () (2022)

Comparative Advantage India - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between India and Saudi Arabia by product, considering products traded by both, India and Saudi Arabia.

During 2022, India had a large net trade with Saudi Arabia in the exports of Mineral Products ($2.11B), Chemical Products ($1.71B), and Vegetable Products ($1.28B).

During 2022, Saudi Arabia had a large net trade with India in the exports of Mineral Products ($37.8B), Chemical Products ($5.48B), and Plastics and Rubbers ($1.29B).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Saudi Arabia. Similarly, the more yellow a dot/product is, the more Saudi Arabia has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to India () (2022)

Market Competitiveness

Difference in imports from Saudi Arabia () and India () (2022)

Comparative Advantage India - Saudi Arabia

Economic Complexity

Competitive Landscape

Product Space of India () and Saudi Arabia () (2022)

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