Top Export Trading Partners of Saudi-arabia - Volza

Saudi Arabia's primary export trading partners in 2023 are countries to which it exports key goods. The top partners included China (20% of exports, $40 billion), Japan (15%, $30 billion), India (12%, $24 billion), South Korea (10%, $20 billion), and United States (8%, $16 billion).

Key exports to these countries include crude oil, refined petroleum products, chemicals, plastics, and metals. Trade agreements such as the Gulf Cooperation Council (GCC) and various bilateral agreements facilitate smoother trade flows.

Saudi Arabia's GDP growth rate stands at 3.2%, with an inflation rate of 2.8%, influencing its export dynamics. Strategic incentives, government support, and logistical advantages, such as advanced port facilities and a strategic location at the crossroads of Asia, Europe, and Africa, enhance trade with these partners. Saudi Arabia's focus on energy products and its extensive trade agreements play a crucial role in maintaining robust export relationships.