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Home Bilateral Relations Belarus-Saudi Arabia Trade and Economic Cooperation

Trade and Economic Cooperation

At the end of 2019, trade with KSA amounted to $ 55.9 million, decreasing by 25.3 percent compared to the same period in 2018, primarily due to a reduction in imports. Export amounted to $ 9.0 million (-6.2%), import — to $ 46.9 million (-28.1%). The negative balance in the Belarusian-Saudi trade is steadily decreasing from $-85.0 in 2015 to $-37.9 million in 2019.

The main articles of the Belarusian exports were food, potash fertilizers and machine tools.

At the end of 2019, the turnover of services amounted to $ 2.9 million, including Belarusian exports of $ 2.9 million (a decrease of 11% compared to 2018).

The main types of exported services were science services, tourist and computer services.