Q4 2023 witnesses a 13% increase in Saudi-GCC trade activity
Posted on March 8, 2024 |
Saudi Arabia and GCC Trade Surges by 13% in Q4 2023
Q4 2023 Witnesses Growth in Trade Volume between Saudi Arabia and Gulf Cooperation Council (GCC) Countries
Trade Value Between Saudi Arabia and GCC Nations Reaches SR55.58 Trillion in Q4 2023
Saudi Arabia Records Trade Surplus of SR13.03 Trillion with GCC Countries in Q4 2023
GCC Countries Contribute 11.5% to Saudi Arabia's Total Exports in Q4 2023, Reaching SR34.31 Trillion
Imports from GCC Nations Account for 10.6% of Saudi Arabia's Total Imports in Q4 2023, Totaling SR21.27 Trillion
Saudi Non-Oil Exports Witness 42% Yearly Growth, Reaching SR20.79 Trillion in Q4 2023
UAE Tops the List as Saudi Arabia's Leading Trading Partner, Exporting SR13.99 Trillion in Q4 2023
Bahrain, Kuwait, Qatar, and Oman Also Contribute Significantly to Saudi Arabia's Non-Oil Export Growth to GCC Countries
Breakdown of Saudi Non-Oil Trade Data Highlights UAE as Top Trading Partner, Followed by Bahrain, Kuwait, Qatar, and Oman