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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Balance of Trade fell to 17.3B in June 2026
FMPMonthlyReleased August 2026
Saudi Arabia Balance of Trade fell to 17.3B in June 2026, released August 2026, down 4.6B from May's 21.9B reading. The reading missed the 26.6B consensus by 9.3B. The print is running well below the 12-month average of 24.57B. Over the past 3 months, Balance of Trade averaged 25.7B, vs 32.57B in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
17.3
Actual
26.6
Consensus
21.9
Previous
Median Absolute Error
±6.65 billion
across last 12 releases
Last Call
Aug 2026
Predicted: 18.85
Actual: 17.3
Error: +1.55
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.51 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.27 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Saudi Arabia) was reported at 17.30 billion in August 2026. This missed the market consensus of 26.60 billion by 9.30 billion. The reading fell from the previous value of 21.90 billion. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 25.75 billion, ranging from 13.00 billion to 57.40 billion across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 22.90 billion, down from the prior three at 29.23 billion. Volatility over the past year (σ 11.46 billion) is higher than the prior year (σ 5.87 billion). In August readings over the past 3 years, Balance of Trade has averaged 23.20 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 6.65 billion.
WHAT TO WATCH NEXT
The next release is scheduled for September 24, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Balance of Trade - SA
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About Balance of Trade — Saudi Arabia
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 17.3 B, consensus 26.6 B. Prior reading (May 2026): 26 B. Before that (Apr 2026): 25.4 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.51) — a useful reference for forex-focused traders.
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Economic Calendar - SA Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Wholesale Prices YoY | 4.6 | 5 | 5.1 | 4.85 | Low |
| 06:00 | SA | Inflation Rate MoM | 0.1 | 0.2 | 0.1 | 0.10 | Low |
| 06:00 | SA | Inflation Rate YoY | 1.8 | 1.8 | 1.8 | 1.80 | Low |