Crude Petroleum. Saudi Arabia Exports By Category Value Year; Mineral fuels, oils, distillation products: $202.38B 2019 Plastics Production hit a … Saudi Arabia is also the largest source of U.S. petroleum imports from Persian Gulf countries. Saudi oil production and exports had been weakening in the second half of 2019, with the kingdom trying to boost prices as part of an OPEC strategy. Saudi Arabia possesses around 17 per cent of the world’s proven petroleum reserves. The majority of Saudi Arabia’s oil in 2018 went to countries in Asia — particularly Japan, China, South Korea and India. America’s total bill for its imported crude oil purchases slowed -0.2% since 2015 and fell -18.7% from 2018 to 2019. The top 5 countries also includes Iraq, Canada, the United States of America, and Norway. The oil and gas sector accounts for about 50 per cent of gross domestic product, and about 70 per cent of export earnings. Saudi Oil Exports to US Plunge ... the oil producing countries of the Organization of Petroleum Exporting Countries and ten non-OPEC allies agreed to cut production by a … Oil rents (% of GDP) Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" ( World Bank… … The description is … Saudi Arabia, the largest OPEC exporter, was the source of 6% of U.S. total petroleum imports and 7% of U.S. crude oil imports. Here we provide more analysis of Saudi Arabia’s trading products. This page displays a table with Saudi Arabia Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Saudi Arabia’s crude oil exports in 2018 had a value of 182.5 billion U.S. dollars, the highest value of any crude oil exporting country worldwide that year. In 2019, OPEC's share of U.S. total petroleum imports was about 18%, and its share of U.S. crude oil imports was 22%. Details About Saudi Arabia’s Commodities . Oil conceptual During 2019, the United States of America imported US$132.4 billion worth of crude petroleum oil supplied by 37 countries. In contrast, US improved its ability to produce and export crude oil to $65.3 billion for 2019. Saudi Arabia is the top country by exports of crude oil in the world. Apart from petroleum, the Kingdom’s other natural … Non Oil Exports 41982.00: 55329.57: 60357.00: 19786.00: Million SAR: Oil Exports 74775.00: 199800.40: 338945.00: 74775.00: Million SAR: Exports from Saudi Arabia rose by more than 480,000 barrels a day, almost exactly offsetting the drop in shipments from the UAE last month. Russia Exports by Country Last Previous; European Union 123515.40 111106.80 USD Million As of November 2020, exports of crude oil in Saudi Arabia was 6,354 thousand barrels per day.