Commodity Origins

How much crude oil does Saudi Arabia produce and export?

Saudi Arabia is the 2nd largest producer of crude oil: 11,408 thousand barrels daily in 2025, 11% of the world's 100,590 thousand barrels daily (Energy Institute). It is the largest exporter by value: $186.9 billion in 2024, 14% of world exports of crude oil (HS 2709) (CEPII BACI). Its biggest customer is China, which takes 26% of its crude oil exports by value.

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Saudi Arabia's crude oil production

Saudi Arabia crude oil production, 2025
World rankProduction (thousand barrels daily)Share of worldTen-year growthYear
211,408 thousand barrels daily11%-0.5% a year2025

Energy Institute Statistical Review of World Energy, Statistical Review 2026.

Saudi Arabia crude oil production monthly prices, thousand barrels daily, Jan 1965 to Jan 2025Line chart of saudi arabia crude oil production monthly prices in thousand barrels daily from Jan 1965 to Jan 2025: Saudi Arabia crude oil production from 2,219 to 11,408, peaking at 12,406.02,0004,0006,0008,00010,00012,00014,000196519701975198019851990199520002005201020152020thousand barrels daily
Saudi Arabia crude oil production

Share of world output over time

Saudi Arabia's share of world crude oil production in selected years
19902000201020202025
11%12%12%12%11%

Average annual share by decade: 1960s 7.5%, 1970s 13%, 1980s 10%, 1990s 13%, 2000s 12%, 2010s 13%, 2020s 12%. See the concentration-over-time report.

Saudi Arabia's crude oil exports

Saudi Arabia exports of Petroleum oils, crude, 2024
World rankExport valueShare of world exportsQuantity (tonnes)Average value per tonneYear
1$186.9 billion14%309.2 million t$6042024

CEPII BACI international trade database (HS22, V202601), HS 2709 (Petroleum oils, crude).

Where Saudi Arabia's crude oil goes

Largest destinations of Saudi Arabia's crude oil exports, 2024
DestinationValueShare of Saudi Arabia's exports
China$47.9B26%
South Korea$29.5B16%
Japan$28.7B15%
India$19.6B10%
United States$8.4B4.5%

Largest five destinations of 1,243 exporter-importer pairs BACI reports for 2024. See trade flows.

The crude oil price Saudi Arabia sells into

The benchmark price, Brent (dated, 38° API), was $116.8/bbl in September 2026, up 72% over twelve months. Its five-year volatility is 34% a year, calmer in 68% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Crude oil price history.

Cite as: Commodity Origins, "Saudi Arabia crude oil: production, exports and prices", https://commodityorigins.com/countries/SAU/crude-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.