Saudi Exports seeking to build on $34.13bn non-oil trade with Africa
Saudi Exports aims to enhance its $34.13 billion non-oil trade with Africa, boosted by exports like fertilizers, construction materials, and packaging from 2019 to 2023.
The kingdom sees trade with Africa as key to its economic diversification, per its Vision 2030, recognizing the continent's $3 trillion economic potential.
The Saudi Press Agency highlighted Saudi Exports' commitment to addressing the diverse needs of African markets.
Chemicals and polymers led Saudi exports during this period, valued over SR83 billion, with building materials and packaging following at SR10 billion and SR9 billion, respectively. Top products shipped included polypropylene, polyethylene, and fertilizers.
Egypt, Algeria, and South Africa were the primary importers, with a total of 55 African nations receiving goods.
To grow this trade, Saudi Exports will join various 2024 African expos and organize missions to South Africa, Kenya, Egypt, Morocco, and Libya, supporting exporters in overcoming customs, financial, and logistical hurdles.