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The volume of trade exchange between Japan & the Kingdom over 5 years is $175.25 Bn: Saudi Commerce Ministry

The Saudi Ministry of Commerce announced today, Sunday, that the volume of trade exchange between the Kingdom and Japan amounted to SAR 657.2 billion (175.25 billion dollars) during the last five years.

The Saudi Ministry of Commerce said in a statement today, Sunday, that the volume of trade exchange between Saudi Arabia and Japan increased by 42% during 2022 on an annual basis, as it jumped to SAR 178 billion ($47.47 billion), compared to SAR 125.3 billion ($33.41 billion) in 2021.

The Ministry of Commerce announced that the Kingdom ranks 8th among Japan’s trading partners globally.

Japan’s Prime Minister, Fumio Kishida, arrived in Jeddah Sunday morning on an official visit to the Kingdom.

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