International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia
SAUXTEXVA01NCMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287,084,100,000.00
Year-over-Year Change
-21.80%
Date Range
1/1/2006 - 1/1/2025
Summary
This data series tracks the total export value of commodities from Saudi Arabia, providing insights into the country's international trade dynamics and economic performance.
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
The International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia measures the total value of exported goods and commodities from Saudi Arabia to other countries. This metric is a key indicator of Saudi Arabia's trade balance, industrial output, and participation in global supply chains.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority based on customs declarations and other administrative records.
Historical Context
Policymakers and analysts use this data to assess Saudi Arabia's trade competitiveness, industrial development, and economic diversification efforts.
Key Facts
- Saudi Arabia is the world's largest exporter of crude oil.
- Commodities account for over 80% of Saudi Arabia's total exports.
- The non-oil private sector makes up about 40% of Saudi Arabia's GDP.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of commodities exported from Saudi Arabia to other countries, providing insights into the country's international trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Saudi Arabia's trade balance, industrial output, and participation in global supply chains, making it relevant for policymakers and analysts assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority based on customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Saudi Arabia's trade competitiveness, industrial development, and economic diversification efforts.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and administrative processes of the Saudi Arabian Monetary Authority, which may result in occasional update delays or limited coverage.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia (SAUXTEXVA01NCMLQ), retrieved from FRED.