Balanced international merchandise trade statistics (BIMTS) in Saudi Arabia
Saudi Arabia: Balanced international merchandise trade statistics (BIMTS) was 0.1735 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced international merchandise trade statistics (BIMTS) in Saudi Arabia, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2024, balanced international merchandise trade statistics (bimts) in Saudi Arabia stood at 0.1735 US dollars, exchange rate converted.
Compared with earlier readings it is up 1,765.6% on the previous year and down 99.1% over ten years.
Over the whole period, balanced international merchandise trade statistics (bimts) in Saudi Arabia peaked at 20.26 US dollars, exchange rate converted in 2014 and was at its lowest, 0.0003 US dollars, exchange rate converted, in 2022.
Saudi Arabia ranks 53rd of 96 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Balanced international merchandise trade statistics (BIMTS) in Saudi Arabia, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2000 | 0.0189 US dollars, exchange rate converted | — |
| 2001 | 0.0219 US dollars, exchange rate converted | +15.8% |
| 2002 | 0.0096 US dollars, exchange rate converted | -56.0% |
| 2003 | 0.0316 US dollars, exchange rate converted | +227.7% |
| 2004 | 0.0324 US dollars, exchange rate converted | +2.5% |
| 2005 | 0.0193 US dollars, exchange rate converted | -40.5% |
| 2006 | 0.06 US dollars, exchange rate converted | +211.7% |
| 2007 | 1.05 US dollars, exchange rate converted | +1653.4% |
| 2008 | 0.1636 US dollars, exchange rate converted | -84.5% |
| 2009 | 0.1002 US dollars, exchange rate converted | -38.8% |
| 2010 | 0.0639 US dollars, exchange rate converted | -36.3% |
| 2011 | 0.2573 US dollars, exchange rate converted | +302.9% |
| 2012 | 0.0585 US dollars, exchange rate converted | -77.3% |
| 2014 | 20.26 US dollars, exchange rate converted | +34548.5% |
| 2015 | 0.0052 US dollars, exchange rate converted | -100.0% |
| 2017 | 0.3053 US dollars, exchange rate converted | +5716.3% |
| 2018 | 0.2719 US dollars, exchange rate converted | -10.9% |
| 2019 | 0.5097 US dollars, exchange rate converted | +87.5% |
| 2020 | 0.0015 US dollars, exchange rate converted | -99.7% |
| 2021 | 0.9404 US dollars, exchange rate converted | +61694.8% |
| 2022 | 0.0003 US dollars, exchange rate converted | -100.0% |
| 2023 | 0.0093 US dollars, exchange rate converted | +2884.6% |
| 2024 | 0.1735 US dollars, exchange rate converted | +1765.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.151 US dollars, exchange rate converted | 0.0096 US dollars, exchange rate converted | 1.05 US dollars, exchange rate converted | 10 |
| 2010s | 2.72 US dollars, exchange rate converted | 0.0052 US dollars, exchange rate converted | 20.26 US dollars, exchange rate converted | 8 |
| 2020s | 0.225 US dollars, exchange rate converted | 0.0003 US dollars, exchange rate converted | 0.9404 US dollars, exchange rate converted | 5 |
Countries ranked near Saudi Arabia
- 50 Israel 0.2568 US dollars, exchange rate converted compare
- 51 Philippines 0.2526 US dollars, exchange rate converted compare
- 52 Bermuda 0.1944 US dollars, exchange rate converted compare
- 54 Mongolia 0.1731 US dollars, exchange rate converted compare
- 55 Australia 0.1657 US dollars, exchange rate converted compare
- 56 El Salvador 0.1653 US dollars, exchange rate converted compare
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 4.5 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7258 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 25,066 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.5 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 3.84 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 132,579 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -0.7248 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.332 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is balanced international merchandise trade statistics (bimts) in Saudi Arabia?
- Balanced international merchandise trade statistics (bimts) in Saudi Arabia was 0.1735 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced international merchandise trade statistics (bimts) recorded in Saudi Arabia?
- The highest recorded value was 20.26 US dollars, exchange rate converted in 2014.
- What is the lowest balanced international merchandise trade statistics (bimts) recorded in Saudi Arabia?
- The lowest recorded value was 0.0003 US dollars, exchange rate converted in 2022.
- How does Saudi Arabia rank for balanced international merchandise trade statistics (bimts)?
- Saudi Arabia ranks 53rd out of 96 countries with data for 2024.
- Is balanced international merchandise trade statistics (bimts) rising or falling in Saudi Arabia?
- Over the last ten years it is down 99.1%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced international merchandise trade statistics (BIMTS) - HS2017-2D. Statizoid updates them automatically from the source API.
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About this data
The OECD Balanced International Merchandise Trade Statistics (BIMTS) dataset provides a complete, consistent, and balanced matrix of international merchandise trade statistics. It includes annual bilateral data for approximately 200 reporters and partners, covering around 98 products in HS2017 at the 2-digit level from 1995 to 2024. BIMTS is also available in the HS 2017 classification at 4-digit and 6-digit levels of aggregation currently available via the Related Files (bottom of the page) and also in the Statistical Classification of Products by Activity (CPA 2.1) at the 2-digit level of aggregation. BIMTS is complete and consistent. The OECD methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. To provide users with consistent and long time series, the data is presented according to either HS2017 or CPA 2.1. BIMTS is balanced. The OECD has developed a transparent approach to reconcile asymmetries in international merchandise trade statistics. A sequence of adjustments, documented in the BIMTS technical paper, significantly reduces asymmetries in the dataset before the final balancing procedure is performed. An important feature of BIMTS is a novel algorithm which identifies re-export flows and reallocates them to the producer countries before the balancing. To avoid double counting of flows between producers and trade hubs (already accounted for in the trade between producers and final users), BIMTS breaks down the final balanced values into a domestic component and a re-exports component. Users will therefore find two different measures of balanced trade flows (under the ‘Adjustment’ dimension): Total balanced value: Represents the total reconciled bilateral trade flow, including re-exports. Balanced value adjusted for re-exports: Represents the reconciled bilateral trade flow, adjusted for re-exports. This adjusted value is deemed to more accurately reflect economic reality and is therefore the preferred measure. In this database, the Reference area denotes the exporter, while the Counterpart area denotes the importer. Because the data are balanced, exports from the exporter to the importer equal imports by the importer from the exporter, and the flow is therefore recorded only once. Note that zero trade flows are represented in BIMTS as missing records (marked as “..”). This approach reduces the dataset size and improves processing times in the OECD Data Explorer. For convenience, users can also retrieve data for total merchandise (“_T”, denoting all products) and partner world (“W”). BIMTS will be regularly updated and continually improved as new data becomes available. For more information on: The methodology: The OECD Balanced International Merchandise Trade Dataset (BIMTS). Balanced trade statistics related pages: Balanced trade statistics, or The statistics compiled by the OECD Statistics and Data Directorate Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org