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2022
Flag → Flag
Exports $2.5BRnk 28 / 138
2022
Flag → Flag
Top Product $2.38BCrude Petroleum
2022
Flag → Flag
Exports $959MRnk 32 / 215
2022
Flag → Flag
Top Product $545MTanks and Armored vehicles
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
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GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Saudi Arabia-Canada Trade: In 2022, Saudi Arabia exported $2.5B to Canada. The main products that Saudi Arabia exported to Canada were Crude Petroleum ($2.38B), Aluminium Plating ($57.7M), and Other Small Iron Pipes ($10.4M). Over the past 5 years the exports of Saudi Arabia to Canada have increased at an annualized rate of 6.21%, from $1.85B in 2017 to $2.5B in 2022.

In 2022, Saudi Arabia did not export any services to Canada.

Canada-Saudi Arabia Trade: In 2022, Canada exported $959M to Saudi Arabia. The main products that Canada exported to Saudi Arabia were Tanks and Armored vehicles ($545M), Packaged Medicaments ($58.4M), and Bovine Meat ($21.3M). Over the past 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 5.26%,  from $1.26B in 2017 to $959M in 2022.

In 2020, Canada exported services to Saudi Arabia worth $136M, with Royalties and license fees ($52.2M), Travel ($32.8M), and Transportation ($25.4M) being the largest in terms of value.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $2.5B to Canada. The main products exported from Saudi Arabia to Canada were Crude Petroleum ($2.38B), Aluminium Plating ($57.7M), and Other Small Iron Pipes ($10.4M). During the last 5 years the exports of Saudi Arabia to Canada have increased at an annualized rate of 6.21%, from $1.85B in 2017 to $2.5B in 2022.

In 2017, Canada exported $959M to Saudi Arabia. The main products exported from Canada to Saudi Arabia were Tanks and Armored vehicles ($545M), Packaged Medicaments ($58.4M), and Bovine Meat ($21.3M). During the last 5 years the exports of Canada to Saudi Arabia have decreased at an annualized rate of 5.26%, from $1.26B in 2022 to $959M in 2017.

Exports from Saudi Arabia (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Canada (Flag)

Saudi Arabia Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Canada
Top DestinationUnited States$438B

This map shows whether countries import more from Saudi Arabia or Canada. Each country is colored based on the difference in imports they receive from Saudi Arabia and Canada or the difference in the growth in imports.

In 2022, countries that imported more from Saudi Arabia than Canada included China ($68B), India ($46.2B), and South Korea ($36B).

In 2022, countries that imported more from Canada than Saudi Arabia included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

Difference in imports from Canada (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Canada

Flow
Scale

This chart compares trade between Saudi Arabia and Canada by product, considering products traded by both, Saudi Arabia and Canada.

During 2022, Saudi Arabia had a large net trade with Canada in the exports of Mineral Products ($2.38B), Metals ($70.8M), and Chemical Products ($15.7M).

During 2017, Canada had a large net trade with Saudi Arabia in the exports of Transportation ($574M), Machines ($139M), and Chemical Products ($77.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Canada+$223MCrude Petroleum
Top Product Potential Canada Saudi Arabia+$46.4MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to Saudi Arabia worth $136M, with Royalties and license fees ($52.2M), Travel ($32.8M), and Transportation ($25.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Saudi Arabia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Saudi Arabia and Canada. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Canada (Flag) (2022)

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