Saudi Arabia
On this page you will find beneficial information regarding foreign direct investment in / trading with Saudi Arabia. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Monarchy
Population: 36.41 million (2022)
GDP: 1,108.57 billion USD (2022)
Corporate Tax Rate: 20%
Personal Income Tax Rate: 20%
Major Exports: The top exports of Saudi Arabia are Crude Petroleum ($236B), Refined Petroleum ($45.3B), Ethylene Polymers ($13.1B), Propylene Polymers ($6.4B), and Acyclic Alcohols ($6.19B), exporting mostly to China ($68B), India ($46.2B), Japan ($36.5B), South Korea ($36B), and United States ($23.9B). In 2022, Saudi Arabia was the world's biggest exporter of Crude Petroleum ($236B), Propylene Polymers ($6.4B), Acyclic Alcohols ($6.19B), and Alkylbenzenes and Alkylnaphthalenes ($563M).
Major Imports: The top imports of Saudi Arabia are Cars ($13.2B), Broadcasting Equipment ($5.43B), Gold ($5.22B), Refined Petroleum ($4.87B), and Packaged Medicaments ($3.08B), importing mostly from China ($36.5B), United Arab Emirates ($27.8B), United States ($11B), India ($10.1B), and Germany ($7.1B). In 2022, Saudi Arabia was the world's biggest importer of Tanks and Armored vehicles ($674M) and Travel Kits ($72.7M).
Investment Agency: Invest in Saudi
Website: https://www.investsaudi.sa/
National Chamber of Commerce: Council of Saudi Chambers
Website: https://www.csc.org.sa/
Customs Agency: Saudi Customs
Website: https://www.customs.gov.sa/en
