International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
SAUXTIMVA01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.91
Year-over-Year Change
-158.13%
Date Range
2/1/2014 - 5/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia measures the value of imported goods to Saudi Arabia from various trading partners.
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 monthly economic indicator provides insights into Saudi Arabia's international trade patterns and can inform analyses of the country's economic performance and trade policy.
Methodology
The data is collected and reported by the General Authority for Statistics of Saudi Arabia.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess Saudi Arabia's trade balance and broader economic conditions.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Imports account for over 25% of Saudi Arabia's GDP.
- The top import commodities are machinery, transportation equipment, and foodstuffs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of imported goods and commodities to Saudi Arabia from its trading partners on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The import trade data provides insights into Saudi Arabia's economic activity, consumer demand, and trade dynamics, which are important for assessing the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the General Authority for Statistics of Saudi Arabia, the official statistical agency of the government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this import data to monitor Saudi Arabia's trade balance, inform trade policy decisions, and analyze the broader health of the Saudi Arabian economy.
Q: Are there update delays or limitations?
A: The import data is published on a monthly basis, with a lag of approximately two months from the end of the reference period.
Related Trends
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People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Saudi Arabia
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Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for Saudi Arabia
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia (SAUXTIMVA01GPSAM), retrieved from FRED.