Saudi-US trade volume exceeds SR2 Trillion in 10 years

Saudi-US trade volume exceeds SR2 Trillion in 10 years20/05/2017 (Saudi Gazette – KSA): RIYADH – The Ministry of Commerce and Investment said the volume of trade exchange between the Kingdom and the US in 2016 reached SR142 billion. Of this, the Saudi exports to the US reached SR65.6 billion while American exports reached SR75.8 billion. It added that the Saudi-US volume of trade has exceeded SR2 trillion during the last decade. The balance of trade is in favor of the US by SR10.1 billion and the US stands second among the top ten countries importing from the Kingdom and the first place among the top ten countries exporting to the Kingdom during 2016. Crude oil and its products and fertilizers (urea) top the list of the most important Saudi commodities exported to the US, apart from raw aluminum blends and ethylene glycol. Meanwhile, the list of commodities imported from the US includes spare parts, aircraft engines and vehicles of all kinds…

http://saudigazette.com.sa/saudi-arabia/saudi-us-trade-volume-exceeds-sr2-trillion-10-years/

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