The country occupying a land area of 2.15 square kilometers and a population of 36 million is the 13th largest country in the world in terms of land area. The country has Riyadh city as its capital with the majority of the industries lying in its land area. The globally growing nation heavily relies upon its petroleum fuels and natural oil reserves for its growing economy.

The strong strategic trade relations with some of the top traders of the Western region like the United States, Arab, and other Islamic states make the country emerge among the top globally growing exporters. According to the recent export trade analysis of the Arabian Trade the country has been globally growing as a top exporter mainly because of its oil reserves and the petroleum fuels exports with a staggering GDP value of 1.02 trillion US dollars in 2023 accompanied by an export trade value of 478 billion us dollars.

Top 10 Export Destinations: Saudi Arabia’s Top Oil Export Partners 2023

The countries with which Saudi Arabia exports most of its oil reserves and petroleum fuels are huge contributors to the country's growing economy. According to the Saudi Arabia Oil Export Data, the top 10 export destinations with their export trade values are discussed below,

1. China – According to the China Export Data, valuations of exports from Saudi Arabia 2023 – 78 billion US dollars.

2. Japan – According to the Japan Export Data, valuations of exports from Saudi Arabia 2023 – 57 billion US dollars.

3. South Korea – According to the South Korea Export Data, valuations of exports from Saudi Arabia 2023 – 28 billion US dollars.

4. India – According to the India Export Data, valuations of exports from Saudi Arabia 2023 – 24 billion US dollars.

5. United States – According to the USA Export Data, valuations of exports from Saudi Arabia 2023 – 22 billion US dollars.

6. Taiwan – According to the Taiwan Export Data, valuations of exports from Saudi Arabia 2023 – 20 billion US dollars.

7. United Arab Emirates – According to the United Arab Emirates Export Data, valuations of exports from Saudi Arabia 2023 – 18 billion US dollars.

8. Singapore – According to the Singapore Export Data, valuations of exports from Saudi Arabia 2023 – 15 billion US dollars.

9. Thailand – According to the Thailand Export Data, valuations of exports from Saudi Arabia 2023 – 14 billion US dollars.

10. Turkey – According to the Turkey Export Data, valuations of exports from Saudi Arabia 2023 – 12 billion US dollars.

Top 10 Oil Producers of Saudi Arabia

According to the Saudi Arabia Oil Customs Data, the top 10 oil-producing companies of the nation in 2023 with their export values are discussed below,

• Saudi Aramco – Valuations of oil exports in 2023 – 374 billion US dollars

Variations in Exports

1. Crude Oil
2. Light Crude Oi
3. Heavy Crude Oil
4. Saudi Arabian Super Light Crude
5. Diesel and Jet Fuel

• Saudi Chevron – Valuations of oil exports in 2023 – 12 billion US dollars

Variations in Exports

1. Arab Light Crude
2. Arab Extra Light Crude
3. Arab Medium Crude
4. Arab Heavy Crude
5. Arab Super Light Crude

• Saudi Total Refining and Petrochemical Company (SATORP) – Valuations of oil exports in 2023 – 10 billion US dollars

Variations in Exports

1. Gasoline
2. Diesel Fuel
3. Jet Fuel (Aviation Fuel)
4. Fuel Oil
5. Naphtha

• Saudi ExxonMobil – Valuations of oil exports in 2023 – 9 billion US dollars

Variations in Exports

1. High-sulfur crude oil
2. Low-sulfur crude oil
3. Medium-sulfur crude oil
4. Crude oil for refineries
5. Petroleum fuels

• Saudi Occidental Petroleum – Valuations of oil exports in 2023 – 8 billion US dollars

Variations in Exports

1. Arab Refined Crude
2. Arab Bitumen Crude
3. Arab Fuel Oil Crude
4. Arab Naphtha Crude
5. Arab Condensate Crude

• Saudi National Oil Company – Valuations of oil exports in 2023 – 7 billion US dollars

Variations in Exports

1. Arab Elite Crude
2. Arab Elite Blend
3. Arab Standard Crude
4. Arab Standard Blend
5. Arab Premium Light

• Saudi Arabian Oil Pipelines Company (Aramco Pipeline) – Valuations of oil exports in 2023 – 6 billion US dollars

Variations in Exports

1. Arab Low Viscosity Crude
2. Arab High Viscosity Crude
3. Arab Light Viscosity Crude
4. Arab Heavy Viscosity Crude
5. Arab Sour Blend

• Saudi Mitsui Chemical – Valuations of oil exports in 2023 – 4.5 billion US dollars

Variations in Exports

Chemical derivations from oil

1. Ethylene
2. Propylene
3. Paraxylene
4. Butadiene
5. Benzene

• Saudi BASF – Valuations of oil exports in 2023 – 3.8 billion US dollars

Variations in Exports

Chemical derivations from oil

1. Acrylonitrile
2. Butadiene
3. Methanol
4. Styrene
5. Polyurethanes

• Saudi Shell – Valuations of oil exports in 2023 – 2 billion US dollars

Variations in Exports

1. Crude Oil
2. Petroleum Fuels
3. Mineral Oils
4. Diesel
5. Gasoline

Saudi Arabia's Oil Export Statistics for Last Ten Years

• Total Oil Export Trade Value Of Saudi Arabia In 2013 – 204 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2014 – 224 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2015 – 187 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2016 – 160 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2017 – 265 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2018 – 253 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2019 – 228 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2020 – 300 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2021 – 304 billion US dollars.

• Total Oil Export Trade Value Of Saudi Arabia In 2022 – 327 billion US dollars.

FAQ’s

Que. What is the total export trade value of oil from Saudi Arabia in 2023?
Ans. The total export trade value of oil from Saudi Arabia in 2023 is 478 billion US dollars.

Que. Who is the top producer of oil in Saudi Arabia in 2023?
Ans. Saudi Aramco is the top producer of oil in Saudi Arabia.

Que. Where can you get the detailed trade analysis of Oil export in Saudi Arabia?
Ans. At Import Globals, you can get a detailed trade analysis of Saudi Arabia in 2023.

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