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Import; Export; Balance of trade; Trade law; Trade pact; ... This is a list of countries by imports, ... Saudi Arabia: 140,017
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
Location of Saudi Arabia. Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula.The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry.
This is a list of countries by oil imports based on The World Factbook and other sources. [1] Many countries also export oil , and some export more oil than they import. Crude oil import by country [ 2 ]
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
In 2022, Saudi Arabia also had the largest oil export value in US dollar terms by far. Many of these countries also import oil, and some import more oil than they export, this is known as an oil export deficit. In contrast, when a country exports more oil than it imports, it is known as an oil export surplus.
Trade relations: In 2012, Saudi Arabia was the 10th largest trading partner of the Philippines, 31st and 8th largest market in the export and import market respectively. Saudi Arabia was also the Philippines' largest trading partner and import supplier, and second largest export market in the Middle East.
Saudi Aramco (officially the Saudi Arabian Oil Co.) is Saudi Arabia's national oil, petroleum, and natural gas company headquartered in Dhahran. [ 169 ] [ 170 ] [ 171 ] Saudi Aramco was listed for public trading on 10 December 2019 and had a valuation as of US$2 trillion as of 12 December 2019.