Saudi-US trade rises in 2021 to $24.7bn as non-oil exports hit record high, report shows

Follow-ups -eshrag News:

Sun, 2022-06-05 09:04

RIYADH: The trade volume between Saudi Arabia and the US reached SR92.5 billion ($24.7 billion) in 2021, an increase of 22 percent from 2020, as non-oil exports from the Kingdom to the US witnessed a record high, a report showed.

This increase in volume reflects a strong rebound in the trade relationship between the two countries after the pandemic lows in 2020, a report by the US-Saudi Business Council said.

Total Saudi exports jumped to SR50.7 billion in 2021 compared to SR33.7 billion in the previous year.

Main category: 
Business & Economy

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