Foreign trade as a share of GDP reached 63.4 % in 2017 in Saudi Arabia, according to the National Statistical Office. This is 2.49 % more than in the previous year.
Historically, foreign trade as a share of GDP in Saudi Arabia reached an all time high of 121 % in 1973 and an all time low of 56.1 % in 1998. When compared to Saudi Arabia's main peers, foreign trade as a share of GDP in Iraq amounted to 76.0 %, 92.9 % in Jordan and 173 % in United Arab Emirates in 2017.
Saudi Arabia has been ranked 109th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 42 places behind the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.