Driven by its transformative Vision 2030 agenda, Saudi Arabia continues to outperform economic forecasts and solidify its role as a key global economic player. Strategically located at the crossroads of Asia, Africa, and Europe, the Kingdom is rapidly becoming a central hub for trade and investment, bolstered by forward-looking policies and robust infrastructure development.
The nation’s economic diversification is paying off, with significant growth in non-oil exports and strategic regional partnerships contributing to record-breaking trade figures.
In the fourth quarter of 2024, Saudi Arabia’s trade with Arab League countries—including Gulf Cooperation Council (GCC) members—reached SAR87.8 billion, accounting for 17.2% of the Kingdom’s total global trade volume of SAR511 billion. This marks a 6.2% increase year-over-year, up from SAR82.7 billion in Q4 2023.
According to the General Authority for Statistics’ quarterly International Trade Bulletin, the Kingdom’s trade surplus with Arab League nations saw a notable 37.3% jump, reaching SAR30.5 billion in Q4 2024, compared to SAR22.2 billion in the same quarter of 2023.
Saudi exports to Arab League countries totaled SAR59.1 billion, with SAR39.5 billion directed to GCC nations—representing 14.2% of total global exports (SAR278 billion). Exports to non-GCC Arab League countries stood at SAR19.6 billion, or 7.1% of total exports.
Saudi Arabia’s Total Imports
Imports from Arab League countries totaled SAR28.7 billion, equivalent to 12.3% of Saudi Arabia’s total imports. Of this, SAR18.4 billion came from GCC countries, while SAR10.3 billion originated from other Arab League nations. Overall, the Kingdom’s global imports for Q4 2024 reached SAR233 billion.
The United Arab Emirates remained Saudi Arabia’s leading Arab export partner during the quarter, receiving over SAR23.5 billion in goods. Bahrain followed with SAR8.4 billion, Egypt with SAR8.35 billion, Oman with SAR4.4 billion, and Jordan with SAR3 billion.
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