Non-oil exports from Saudi Arabia to the US increase despite pandemic

SourceThe National
SectorEconomy
CountrySaudi Arabia

Non-oil exports from Saudi Arabia to the US increased by 3.5 per cent last year, despite the disruption caused by Covid-19, according to the US-Saudi Business Council.

Total trade between the US and Saudi Arabia stood at 75.6 billion Saudi riyals ($20.2bn) last year, with the bulk being US imports into the kingdom. The US is the second-biggest source of goods imported into Saudi Arabia.

However, goods worth 33.7bn riyals were exported from Saudi Arabia to the US, 84 per cent of which was crude oil exports. Non-oil exports grew to 5.3 billion riyals last year, with aluminium, organic chemicals and fertilisers among the

...read more...