International Trade in Saudi Arabia

International Trade in Saudi Arabia

The Saudi Arabian economy is entirely based on oil. The country has the largest oil reserves in the World and is also the World's biggest oil producer and exporter. Oil accounts for more than 90% of the country's exports and nearly 80% of government revenues. The recovery of the demand in... Read more

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Market Analyses About Saudi Arabia (266)

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  • High Beam Global

    High Beam Global

    Market Research, Saudi Arabia

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...
  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Saudi Arabia

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...

Business Tips About Saudi Arabia (89)

Agents and Distributors in Saudi Arabia (54)

  • Senta International Trading

    Senta International Trading

    Distributors, Saudi Arabia

    We are doing Import and export business, our markets are Egypt, Jordan, KSA, UAE and CIS countries, we are main importers for Frozen Food...
  • Al-mazwaghi trade services est.

    Customs Brokerage, Saudi Arabia

    AL-Mazwaghi trade services est. import . export. brokerage. marketing. trade contracts..licenced reg. with the Saudi Arabian ministry of...

Overview About International Trade in Saudi Arabia

Main Industry Sectors

Agriculture accounts for 3% of the GDP and employs 15% of the active population. It is not a very productive sector despite the huge state investments. Saudi Arabia imports most of its agricultural and food product requirements because of the geographical and climatic contraints. Water scarcity is a serious regional problem that the country is likely to face in the coming years, as growing cultivation of wheat presents a strong threat of water depletion.

The industrial sector represents two thirds of the GDP. It is dominated by non-manufacturing activities (oil drilling). The industrial sector portion, other than oil, is growing due to Saudi state investments, to diversify the economy, the kingdom having tapped into its financial reserves accumulated by the soaring oil prices.

Lastly, services represent 22% of the GDP. This sector is mainly dominated by tourism, financial and insurance services and the banking sector.

 

Economic Overview

The Saudi Arabian economy is entirely based on oil. The country has the largest oil reserves in the World and is also the World's biggest oil producer and exporter. Oil accounts for more than 90% of the country's exports and nearly

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