Saudi Arabia: An Economy Beyond Expectations

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✍️ BETH Agency – Economic Analysis

 

Reflecting a bold vision that reshaped the contours of future growth, Saudi Arabia is emerging as an economic powerhouse, exceeding global expectations and charting a transformative path under Vision 2030.

Thanks to its strategic geographic location—a vital bridge connecting three continents—the Kingdom has reinforced its status as a global hub for trade and investment, supported by world-class infrastructure and progressive economic policies that promote innovation and diversification.

 

🔹 Strong Trade Growth with Arab States

According to the Q4 2024 International Trade Bulletin issued by the General Authority for Statistics, Saudi Arabia recorded:

💰 Total trade with Arab countries (including the GCC):
SAR 87.77 billion, accounting for 17.2% of the Kingdom’s global trade.
⬆️ Year-on-year growth: 6.2%
📈 Increase of over SAR 5.09 billion from Q4 2023 (SAR 82.68 billion)

🟢 Trade surplus with Arab countries:
SAR 30.46 billion in Q4 2024
Compared to SAR 22.18 billion in Q4 2023
⬆️ Annual growth: 37.3%
📈 Surplus increase of SAR 8.28 billion

 

🔸 Saudi Exports in Q4 2024:

📦 Total exports: SAR 277.93 billion

To GCC countries: SAR 39.51 billion (14.2%)

To other Arab countries: SAR 19.61 billion (7.1%)

📥 Imports from Arab countries (incl. GCC): SAR 28.65 billion

From GCC: SAR 18.35 billion

From other Arab League nations: SAR 10.30 billion

Total imports globally: SAR 233.04 billion

 

📌 Top Arab Importers of Saudi Exports (Q4 2024):

🇦🇪 United Arab Emirates – SAR 23.51 billion

🇧🇭 Bahrain – SAR 8.42 billion

🇪🇬 Egypt – SAR 8.35 billion

🇴🇲 Oman – SAR 4.43 billion

🇯🇴 Jordan – SAR 2.99 billion

 

🎯 BETH Insight:

These figures are more than trade statistics—they’re indicators of strategic economic transformation.
Saudi Arabia is no longer just an oil exporter—it is becoming a regional anchor in exports, logistics, and strategic supply chains, reflecting its deeper integration in the Arab and global economic landscape.