Date,
Time MSK

21.07.2016



Saudi Arabian-Russian Bilateral Trade in 2015


In 2015 Saudi Arabian-Russian bilateral trade volume decreased by 44% and reached 1.09 billion USD compared to 1.94 billion USD in 2014.


Saudi Arabian exports to Russia fell to 0.02 billion USD (by 61%) while imports fell to 1.07 billion USD (by 43%) (see Figure 1).



Figure 1. 2007-2015 Saudi Arabian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Saudi Arabian-Russian bilateral trade turnover, billion USD.png



Saudi Arabian exports to Russia


Saudi Arabia primarily exports to Russia the following products (see Figure 2, Table 1):



In 2015 the imports of Saudi Arabian made products in Russia experienced a significant rise . The imports of bakery mach and machy for the mfg of macaroni, spaghetti or sim prods rise by 1080%; the imports of mech appl for proj/disp o sprayg liquids o powders for agr o horticut- by 954%.



Figure 2. Structure of Saudi Arabian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Saudi Arabian Exports to Russia in 2015.png



Table 1. Key products exported from Saudi Arabia to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Saudi Arabian products

320611

Titanium pigments and preps, >80% titanium oxide

$6,253

$5,171

-17%

3.60

3.8

390730

Epoxide resins

$1,450

$2,166

49%

1.30

4

481159

Paper and paperboard, surface-coloured, surface-decorated or printed,

$162

$1,912

1080%

0.00

5

843810

Bakery mach and machy for the mfg of macaroni, spaghetti or sim prods

$0

$1,342

-

0.00

0

570232

Carpets of man-made textile mat,of wovn pile construct,nt made up,nes

$2,166

$780

-64%

0.00

2.5

390120

Polyethylene having a specific gravity of 0.94 or more

$12,730

$713

-94%

3.90

4.3

540720

Woven fab obtaind from strip/the like of synthetic textile materials

$0

$695

-

17.70

8.7

540269

Yarn of synthetic filaments, multiple, nes, not put up

$1,899

$654

-66%

0.00

5

390210

Polypropylene

$692

$638

-8%

3.10

6.5

480300

Paper,household/sanitary,rolls of a w >36 cm,sheets one side >36 cm

$767

$575

-25%

0.00

8.5

842481

Mech appl for proj/disp o sprayg liquids o powders for agr o horticut

$39

$411

954%

0.50

3.8

843143

Parts of boring or sinking machinery, whether or not self-propelled

$1,193

$345

-71%

0.00

0

850163

AC generators,of an output exceeding 375 KVA but not exceeding 750 KVA

$0

$328

-

0.00

0

850163

AC generators,of an output exceeding 375 KVA but not exceeding 750 KVA

$0

$328

-

0.00

0



Russian exports to Saudi Arabia


In 2015 Russia has exported to Saudi Arabia the following products (see Figure 3, Table 2):



2015 showed a significant rise in Russian exports to Saudi Arabia of butadiene rubber (BR) (+734%). At the same time the exports of light petroleum oils and preparations (-90%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Saudi Arabia in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Saudi Arabia in 2015.png



Table 2. Key products exported from Russia to Saudi Arabia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

100390

Barley (excl. seed for sowing)

$383,200

$568,899

48%

38.7

720110

Pig iron,non-alloy,containg by wght <=0.5% phosphorus in primary form

$268,748

$83,116

-69%

35

740811

Wire of refind copper of which the max cross sectional dimension > 6mm

$618,599

$82,288

-87%

11.1

740311

Copper cathodes and sections of cathodes unwrought

$9,503

$42,345

346%

4.1

381590

Reaction initiators,reaction accelerator&catalytic preparations,nes

$38,754

$38,671

0%

12

151211

Sunflower-seed or safflower oil, crude

$17,706

$29,929

69%

40.5

790111

Zinc not alloyed unwrought containing by weight 99.99% or more of zinc

$35,634

$29,389

-18%

20.8

271012

Light petroleum oils and preparations

$270,013

$26,317

-90%

8.1

441299

Panels, 1 outer ply coniferous wood nes

$4,197

$16,906

303%

5.6

720827

Hot roll steel, coil, pickled >600mm wide <3mm thick

$7,711

$14,274

85%

14.5

720221

Ferro-silicon, containing by weight more than 55% of silicon

$2,595

$9,697

274%

47

400220

Butadiene rubber (BR)

$932

$7,776

734%

93.6

480261

Uncoated paper and paperboard, of a kind used for writing, printing or

$4,761

$7,453

57%

37.1

300230

Vaccines, veterinary use

$3,100

$6,588

113%

8.7



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.




Table 3. Macroeconomic Indicators for Russia and Saudi Arabia. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Saudi Arabia

GDP in 2014, billion dollars

1,857.461

752.459

GDP in 2015, billion dollars

1,175.996

648.971

Inflation, average consumer prices, %

7.82

1.99

Volume of imported goods, billion dollars

282.6

163.8

Volume of exported goods, billion dollars

492.1

201.4

Unemployment rate, %

5.10

5.55

Population, millions

143.7

31.4


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