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: 35.95 million (2021)
GDP: 833.5 billion USD (2021)
Corporate Tax Rate: 20%
Personal Income Tax Rate: 20%
Major Exports: Crude Petroleum ($138B), Refined Petroleum ($35.9B), Ethylene Polymers ($12.5B), Propylene Polymers ($7.13B), and Acyclic Alcohols ($5.39B), exporting mostly to China ($48.7B), India ($25.6B), Japan ($24.1B), South Korea ($21.5B), and United Arab Emirates ($14B).
Major Imports: Cars ($12.1B), Refined Petroleum ($7.43B), Broadcasting Equipment ($4.29B), Gold ($3.65B), and Packaged Medicaments ($3.13B), importing mostly from China ($29B), United Arab Emirates ($22.3B), United States ($11.6B), India ($8.69B), and Germany ($6.42B).
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
