Exports of Goods and Services for Saudi Arabia
SAUBXUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
362,084,802,212.60
Year-over-Year Change
-6.62%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Exports of Goods and Services for Saudi Arabia' indicator tracks the total value of all goods and services exported from Saudi Arabia to other countries. This metric is a key measure of the country's international trade and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total value of all merchandise and services exported from Saudi Arabia, including crude oil, refined petroleum products, petrochemicals, and other goods and services. It is an important indicator for analyzing Saudi Arabia's trade balance, exchange rate dynamics, and overall economic performance.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA) based on customs records and surveys of Saudi Arabian companies.
Historical Context
Policymakers and analysts use this data to assess Saudi Arabia's trade competitiveness, international market share, and the impacts of exchange rate movements and trade policies.
Key Facts
- Saudi Arabia is the world's largest exporter of crude oil.
- Exports account for over 50% of Saudi Arabia's GDP.
- Petroleum products make up over 80% of Saudi Arabia's total exports.
FAQs
Q: What does this economic trend measure?
A: The 'Exports of Goods and Services for Saudi Arabia' indicator tracks the total value of all merchandise and services exported from Saudi Arabia to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator for analyzing Saudi Arabia's trade balance, exchange rate dynamics, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA) based on customs records and surveys of Saudi Arabian companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Saudi Arabia's trade competitiveness, international market share, and the impacts of exchange rate movements and trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Exports of Goods and Services for Saudi Arabia (SAUBXUSD), retrieved from FRED.