Saudi Arabia's high-technology exports (current US$) was US$243.37 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 4.46% from US$254.74 million in 2014 (0.46% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$243.37 million | 2024 |
| Five years earlier | US$272.17 million | 2019 |
| Ten years earlier | US$254.74 million | 2014 |
| Highest | US$421.29 million | 2016 |
| Lowest | US$131.26 million | 2007 |
| Average since 2015 | US$254.15 million | 2015–2024 |
| First recorded | US$131.26 million |
What the numbers say
In 2024, Saudi Arabia's high-technology exports (current US$) fell 7% on 2023 (from US$261.8 million to US$243.37 million).
Across the 16 yearly changes before that (2008 to 2023), the average change was +7.3% and a typical year strayed about 25.5% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 51.6% in 2023 and the biggest yearly fall was 37.9% in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$13.41 million a year. A straight line explains 32% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Saudi Arabia had the 70th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Saudi Arabia | US$243.37 million | 2024 |
| World | US$3.58 trillion | 2023 |
| High income | US$2.42 trillion | 2024 |
Closest to Saudi Arabia in the 2024 ranking
What this measures
High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.
Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.
Regional and income-group figures are computed by the World Bank as a sum.
All 18 values
| Year | High-technology exports (current US$) |
|---|---|
| 2024 | 243,366,621 |
| 2023 | 261,804,808 |
| 2022 | 172,650,607 |
| 2021 | 158,426,077 |
| 2020 | 218,849,973 |
| 2019 | 272,166,034 |
| 2018 | 253,106,477 |
| 2017 | 261,725,661 |
| 2016 | 421,285,338 |
| 2015 | 278,134,035 |
| 2014 |
High-technology exports (current US$) in nearby economies
- Algeria — US$9.03 million (2017)
- Bahrain — US$11.52 million (2023)
- Egypt, Arab Rep. — US$887.73 million (2024)
- Iran, Islamic Rep. — US$206.22 million (2022)
- Israel — US$19.43 billion (2024)
- Jordan — US$177.69 million (2023)
- Kuwait — US$359.68 million (2024)
- Lebanon — US$60.85 million (2024)
- Malta — US$1.31 billion (2024)
- Oman — US$441.8 million (2023)
- Pakistan
More infrastructure data for Saudi Arabia
- Air transport, registered carrier departures worldwide — 302,451 (2023)
- Air transport, freight (million ton-km) — 1,037 (2023)
- Air transport, passengers carried — 47.98 million (2023)
- Fixed telephone subscriptions — 6.71 million (2024)
- Fixed telephone subscriptions (per 100 people) — 19.75 (2024)
- Mobile cellular subscriptions — 54.18 million (2024)
- Mobile cellular subscriptions (per 100 people) — 159.54 (2024)
- Medium and high-tech exports (% manufactured exports) — 35.4% (2024)
- Patent applications, nonresidents — 4,921 (2024)
Reading data like this
Questions people ask
- What is Saudi Arabia's high-technology exports (current US$)?
- US$243.37 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 85.4% from US$131.26 million in 2007 (3.7% a year on average, compounded). The highest value was US$421.29 million in 2016 and the lowest US$131.26 million in 2007.
- How does Saudi Arabia rank?
- 70th highest of 120 economies with data for 2024.
- Is the latest change in high-technology exports (current US$) unusual for Saudi Arabia?
- In 2024, Saudi Arabia's high-technology exports (current US$) fell 7% on 2023 (from US$261.8 million to US$243.37 million). Across the 16 yearly changes before that (2008 to 2023), the average change was +7.3% and a typical year strayed about 25.5% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator TX.VAL.TECH.CD, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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