Saudi Arabia: Merchandise exports to high-income economies (% of total merchandise exports)
In , Saudi Arabia's Merchandise exports to high-income economies (% of total merchandise exports) was 53.69.
That's up 2.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Saudi Arabia ranks #129 globally out of 205 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #14 of 23.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 60.55
- Trough
- 49.74
- 1-year change
- +2.3%
- 5-year change
- -10.7%
- -2.2% / yr
- 10-year change
- -10.0%
- -1.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 53.6875 | |
| 52.4776 | |
| 49.7356 | |
| 51.7507 | |
| 52.9959 | |
| 60.0872 | |
| 60.5494 | |
| 59.6829 | |
| 59.6826 | |
| 59.6827 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Saudi Arabia's Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Saudi Arabia's Merchandise exports to high-income economies (% of total merchandise exports) was 53.69, according to World Bank Open Data.
- Is Saudi Arabia's Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Saudi Arabia's Merchandise exports to high-income economies (% of total merchandise exports) rose 2.3% from 2022 to 2023.
- How does Saudi Arabia rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Saudi Arabia ranked #129 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Saudi Arabia's Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #14 of 23.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.