Crude Petroleum and Petroleum Oils Continue to Anchor Saudi Arabia's Trade with Existing Trading Partners, with USD 30.57 Billion Emerging from Untapped Markets Beyond Established Trade Corridors
Saudi Arabia’s existing export potential in 2031 is led by China, which accounts for 24.99%, followed closely by the United States at 17.33%. Across entirely new product lines, however, Australia emerges as the leading market with an 18.98% share, ahead of China. With crude petroleum representing well over half of the Saudi’s established export potential, petrochemicals and downstream chemicals are expected to play a growing role in Saudi Arabia Export Potential, supporting a more diversified trade base.
