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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Exports fell to 93.8B in May 2026
FMPMonthlyReleased July 2026
Saudi Arabia Exports fell to 93.8B in May 2026, released July 2026, down 7.8B from April's 101.6B reading. The reading missed the 104B consensus by 10.2B. Exports has now declined for 3 consecutive months. Over the past 3 months, Exports averaged 108.2B, vs 98.33B in the prior 3-month window. Exports is now the lowest in 10 months.
Latest Release
93.8
Actual
104
Consensus
101.6
Previous
Median Absolute Error
±4.98 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 110.88
Actual: 93.8
Error: +17.08
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 | −0.67 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.60 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Exports (Saudi Arabia) was reported at 93.80 billion in July 2026. This missed the market consensus of 104.00 billion by 10.20 billion. The reading fell from the previous value of 101.60 billion. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 100.47 billion, ranging from 92.10 billion to 115.20 billion across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 103.40 billion, up from the prior three at 99.97 billion. Volatility over the past year (σ 6.04 billion) is higher than the prior year (σ 2.71 billion). In July readings over the past 3 years, Exports has averaged 96.33 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 4.98 billion.
WHAT TO WATCH NEXT
The next release is scheduled for August 25, 2026. Same-country events in the next 14 days include GDP Growth Rate YoY (Jul 30).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Exports - SA
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About Exports — Saudi Arabia
DEFINITION
Exports refer to the goods and services that a country produces and sells to other countries. This financial indicator is used to measure the strength of a country's economy and its international trade relationships. A high level of exports can indicate a healthy economy and a competitive market, while a decrease in exports may signal a decline in economic activity. This information is important for businesses, investors, and policymakers to make informed decisions about trade and economic policies.
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 (May 2026): actual 93.8 B, consensus 104 B. Prior reading (Apr 2026): 101.2 B. Before that (Mar 2026): 115.2 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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=-0.67) — a useful reference for forex-focused traders.
Σ
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Economic Calendar - SA Events
| Sunday, July 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Balance of Trade | 26 | 22.8 | 26 | 26.00 | Low |
| 06:00 | SA | Imports | 67.8 | 78.8 | 78 | 72.90 | Low |
| 06:00 | SA | Exports | 93.8 | 101.6 | 104 | 98.90 | Low |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | SA | GDP Growth Rate YoY | 3 | 3.8 | 3.80 | Medium | |