Saudi Arabia's main product exported is crude oil. The country holds the largest proved oil reserves globally and is a leading oil producer, significantly influencing global oil prices and economies. The oil sector is the backbone of Saudi Arabia's economy, contributing a substantial portion of government revenue and GDP. The country's economy relies heavily on oil exports, making it a pivotal player in the Organization of the Petroleum Exporting Countries (OPEC). Saudi Arabia's vast oil reserves enable it to produce oil at lower costs compared to many other nations, solidifying its status as a dominant force in the energy market.