Rise of Trade Exchange between the Kingdom and its Trade

Riyadh, Oct 31, SPA -- Trade of the Kingdom of Saudi Arabia has
reported a great development with world countries over the last ten
years amounting to 1525.64 percent.

The department of Statistics & Information in its bulletin of (trade
exchange between the Kingdom and its major trade partners from 1998
to 2007) said surplus in the trade balance of the Kingdom during the
mentioned period jumped from SR 32.991billion in 1998 to SR 536.315
billion in 2007.
According to the bulletin the highest value of the Kingdom's exports
amounted to SR 874.403 billion in 2007, while the lowest value of
exports amounted to SR 145.388 billion in 1998 due to fall of oil
prices in that year.
The bulletin pointed out that the most important countries to which
the Kingdom exported its products in 2007 included USA, Japan, South
Korea, India, China, Singapore, Taiwan, UAE, Bahrain, and
Netherlands.
The exported products from the Kingdom to these countries included
crude oil and its products, plastics and their derivatives,
chemicals, Urea fertilizers and electric cables.
Meanwhile, during the same period the highest value of the Kingdom's
imports amounted to SR 338.88 billion in 2007, while the lowest value
of imports amounted to SR 104.980 billion in 1999.
The major countries from which the Kingdom imported in 2007
included USA, China, Germany, Japan, Italy, South Korea, UK, India,
France, and UAE.
Imports of the Kingdom in 2007 included cars, barely, drugs, trucks
and vans, mobile sets, aircraft spare parts, ships, pipes, and golden
ingots.