Q4 2023 witnesses a 13% increase in Saudi-GCC trade activity

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

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