International Trade: Exports: Value (Goods): Total for Saudi Arabia
SAUXTEXVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.13
Year-over-Year Change
31.28%
Date Range
1/1/2005 - 7/1/2023
Summary
This economic trend measures the total value of exports of goods from Saudi Arabia. It is a key indicator of the country's trade balance and international 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
The 'International Trade: Exports: Value (Goods): Total for Saudi Arabia' metric tracks the monetary value of all goods exported from Saudi Arabia over a given time period. This helps economists and policymakers assess the health of the Saudi Arabian economy and its participation in global trade.
Methodology
The data is collected through official customs and trade reporting by the Saudi Arabian government.
Historical Context
This export value trend is used to inform trade policy, economic forecasting, and analysis of Saudi Arabia's market position.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Crude oil and refined petroleum products make up over 75% of Saudi exports.
- The United Arab Emirates, China, and India are Saudi Arabia's top export destinations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods exported from Saudi Arabia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This export value metric helps economists and policymakers assess the health of the Saudi Arabian economy and its participation in global trade.
Q: How is this data collected or calculated?
A: The data is collected through official customs and trade reporting by the Saudi Arabian government.
Q: How is this trend used in economic policy?
A: This export value trend is used to inform trade policy, economic forecasting, and analysis of Saudi Arabia's market position.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methods of the Saudi Arabian government.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Saudi Arabia
SAUFCRODCPENUM
Number of Identified Exporters to Saudi Arabia from Nebraska
NESAUA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Saudi Arabia
SAUFCLOFINPXDC
Net Issues of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Saudi Arabia
IDSAMRINISA
Value of Exports to Saudi Arabia from Delaware
DESAUA052SCEN
Value of Exports to Saudi Arabia from Ohio
OHSAUA052SCEN
Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Saudi Arabia (SAUXTEXVA01STSAQ), retrieved from FRED.