Nominal Exports of Goods for Saudi Arabia
NXGNSAXDCSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320,487.00
Year-over-Year Change
10.46%
Date Range
1/1/2005 - 10/1/2021
Summary
This series measures the nominal value of goods exported from Saudi Arabia. It is a key indicator of the country's international trade and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Nominal Exports of Goods for Saudi Arabia tracks the total monetary value of physical goods shipped from Saudi Arabia to other countries. This metric is widely used by economists and policymakers to analyze Saudi Arabia's trade balance, global competitiveness, and economic growth.
Methodology
The data is collected by the Saudi Arabian Monetary Authority through customs records and surveys.
Historical Context
Trends in Saudi Arabia's goods exports are closely monitored by global markets and international institutions.
Key Facts
- Saudi Arabia is one of the world's largest exporters of crude oil and refined petroleum products.
- Goods exports account for over 75% of Saudi Arabia's total exports.
- The value of Saudi Arabia's goods exports has fluctuated significantly due to global oil price changes.
FAQs
Q: What does this economic trend measure?
A: This series measures the total nominal value of physical goods exported from Saudi Arabia to other countries.
Q: Why is this trend relevant for users or analysts?
A: Trends in Saudi Arabia's goods exports are a key indicator of the country's international trade performance and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Saudi Arabian Monetary Authority through customs records and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and global markets closely monitor Saudi Arabia's goods exports to analyze the country's trade balance, competitiveness, and economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reference period.
Related Trends
Value of Exports to Saudi Arabia from South Carolina
SCSAUA052SCEN
Real Exports of Goods and Services for Saudi Arabia
NXRNSAXDCSAQ
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Saudi Arabia
SAUFCSODCGGDPPT
Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Saudi Arabia
SAUCCUSMA02STM
Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Saudi Arabia
SAUB6CATT00NCCUQ
Amount Outstanding of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Saudi Arabia
IDSAMRIAOSA
Citation
U.S. Federal Reserve, Nominal Exports of Goods for Saudi Arabia (NXGNSAXDCSAQ), retrieved from FRED.