Crude Oil Exports for Saudi Arabia
SAUNXGOCMBD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,410,393.46
Year-over-Year Change
-15.32%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Crude Oil Exports for Saudi Arabia' metric tracks the volume of crude oil exported from Saudi Arabia. This is a key economic indicator for global energy markets and Saudi Arabia's 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
This series measures the total quantity of crude oil exported from Saudi Arabia, the world's largest oil exporter. It is a vital indicator of Saudi Arabia's energy production capacity, as well as global crude oil supply and demand dynamics.
Methodology
The data is collected by the U.S. Energy Information Administration based on official Saudi government reporting.
Historical Context
Crude oil exports are a major driver of Saudi Arabia's economy and a key factor in global energy prices and policies.
Key Facts
- Saudi Arabia is the world's largest crude oil exporter.
- Crude oil exports account for over 60% of Saudi government revenue.
- Saudi Arabia holds the world's second-largest proven crude oil reserves.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total quantity of crude oil exported from Saudi Arabia, the world's largest crude oil exporter.
Q: Why is this trend relevant for users or analysts?
A: Crude oil exports are a vital indicator of Saudi Arabia's energy production capacity and a key driver of its economy, as well as global crude oil supply and demand dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration based on official reporting from the Saudi government.
Q: How is this trend used in economic policy?
A: Crude oil exports are closely monitored by policymakers, economists, and energy market participants to assess Saudi Arabia's economic performance and the global energy landscape.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay, and may be subject to periodic revisions by the reporting authorities.
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Citation
U.S. Energy Information Administration, Crude Oil Exports for Saudi Arabia (SAUNXGOCMBD), retrieved from FRED.