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Trade between Saudi Arabia and Spain

In 2024, Saudi Arabia exported $3.6 billion to Spain and imported $2.6 billion. Saudi Arabia ran a surplus of $990 million with Spain, compared with a surplus of $2.6 billion in 2019. Spain was Saudi Arabia’s 22nd largest trading partner (1% of its trade), and Saudi Arabia was Spain’s 27th (0.7%).

Summary

Saudi Arabia → Spain
$3.6billion
Spain → Saudi Arabia
$2.6billion
Saudi Arabia’s balance
$990million

Balance

Saudi Arabia’s trade balance with Spain

Trade between Saudi Arabia and Spain grew 3.7-fold since 1995

USD billions (current). Saudi Arabia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.6
  • Imports 2.6
  • Balance +1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.1 billion$582 million$488 million
1996$1.2 billion$570 million$631 million
1997$1.3 billion$507 million$767 million
1998$954 million$698 million$256 million
1999$743 million$715 million$28 million
2000$1.6 billion$606 million$980 million
2001$1.3 billion$635 million$619 million
2002$1.6 billion$621 million$993 million
2003$1.9 billion$728 million$1.2 billion
2004$2.5 billion$810 million$1.6 billion
2005$3.1 billion$898 million$2.2 billion
2006$3.9 billion$1 billion$2.9 billion
2007$4.5 billion$1.5 billion$3 billion
2008$6.3 billion$1.7 billion$4.6 billion
2009$3.4 billion$1.6 billion$1.8 billion
2010$4.9 billion$1.7 billion$3.2 billion
2011$8.2 billion$2 billion$6.1 billion
2012$7.8 billion$2.3 billion$5.5 billion
2013$7.8 billion$3.4 billion$4.4 billion
2014$7.2 billion$3.2 billion$4 billion
2015$4 billion$3.7 billion$341 million
2016$3.5 billion$2.8 billion$697 million
2017$4.3 billion$2.9 billion$1.4 billion
2018$5.6 billion$3 billion$2.7 billion
2019$4.9 billion$2.3 billion$2.6 billion
2020$2.7 billion$2.2 billion$495 million
2021$3.6 billion$2.4 billion$1.2 billion
2022$5.4 billion$2.5 billion$2.9 billion
2023$3.7 billion$2.4 billion$1.4 billion
2024$3.6 billion$2.6 billion$990 million

What they sell each other

What Saudi Arabia sells to Spain

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$2.1 billion · 57.9%
    3.5 million tonnes · Saudi Arabia’s destinations
  2. Refined petroleum$545 million · 15.2%
    729 thousand tonnes · Saudi Arabia’s destinations
  3. Polyethylene$166 million · 4.6%
    152 thousand tonnes · Saudi Arabia’s destinations
  4. Cyclic hydrocarbons$103 million · 2.9%
    116 thousand tonnes
  5. Cars$86 million · 2.4%
    1 thousand tonnes · Spain’s sources
  6. Alcohols$85 million · 2.4%
    190 thousand tonnes
  7. Plastic sheets and film$69 million · 1.9%
    58 thousand tonnes
  8. Polypropylene$50 million · 1.4%
    51 thousand tonnes · Saudi Arabia’s destinations
  9. Zinc ore$42 million · 1.2%
    34 thousand tonnes
  10. Slag and ash with metals$42 million · 1.2%
    28 thousand tonnes

What Spain sells to Saudi Arabia

The top 10 headings in 2024, with their share of the total.

  1. Ceramic tiles$93 million · 3.6%
    153 thousand tonnes
  2. Valves and taps$89 million · 3.4%
    4 thousand tonnes
  3. Cars$87 million · 3.3%
    6 thousand tonnes · Spain’s destinations
  4. Malt extract and food mixes$84 million · 3.2%
    7 thousand tonnes
  5. Liquid pumps$82 million · 3.2%
    1 thousand tonnes
  6. Unwrought zinc$71 million · 2.7%
    23 thousand tonnes · Spain’s destinations
  7. Medicines in measured doses or retail packs$67 million · 2.6%
    1 thousand tonnes · Spain’s destinations
  8. Canned vegetables$62 million · 2.4%
    30 thousand tonnes
  9. Vaccines, blood and antisera$50 million · 1.9%
    147 tonnes · Spain’s destinations
  10. Tractors$49 million · 1.9%
    9 thousand tonnes

How it travels

Estimated sea route from Jeddah to Valencia.

The estimated sea route between Jeddah and Valencia is 2,515 nautical miles (4,657 km) long: ≈ 6–7.5 days at sea (at 18 and 14 knots).

Passages it crosses: Suez Canal.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$5.5 billion · 89%
  2. Air$679 million · 11%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Spain was Saudi Arabia’s 22nd largest trading partner (1% of its trade), and Saudi Arabia was Spain’s 27th (0.7%).

Spain in Saudi Arabia’s trade
1.2%
Spain’s rank among Saudi Arabia’s partners
22nd
Saudi Arabia in Spain’s trade
0.7%
Saudi Arabia’s rank among Spain’s partners
27th

Compare with

Other partners of Saudi Arabia

Other partners of Spain

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.