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Saudi Arabia (hereinafter referred to as Saudi Arabia) is located on the Arabian Peninsula. Most of its areas have a subtropical desert climate with hot and dry summers. 70% of Saudi Arabia's area is semi-arid wasteland or low-grade pasture, and arable land only accounts for 1.5% of the land area. Due to scarce rainfall in most areas, Saudi Arabia's agricultural development is greatly restricted. The self-sufficiency rate in grains is low and large amounts of imports are required to meet domestic demand. So what is the situation of agricultural products trade between my country and Saudi Arabia? What are the development prospects?
Trade situation of agricultural products between my country and Saudi Arabia
Trade volume fluctuates greatly
In the past five years, the trade volume of agricultural products between the two countries has been fluctuating and has changed greatly, increasing from US$310 million in 2018 to US$560 million in 2022, with a decrease in 2020 and 2021 and an increase in the remaining years. The import value will increase from US$100 million in 2018 to US$120 million in 2022, of which imports will reach US$190 million in 2019; the export value will increase from US$300 million in 2018 to US$440 million in 2022, except in 2021. Except for declines, they maintained growth.
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