Skip to main content

Saudi Arabia reports more non-oil exports, large amount of trade with China

The kingdom is trying to reduce its dependence on oil.
A picture taken May 9, 2019, from northern port of Le Havre, shows a Saudi cargo ship next to a British crude oil tanker in the port of Le Havre.

Saudi Arabia has reported an increase in non-oil exports for the end of 2021. 

The Saudi General Authority for Statistics said today that non-oil exports in November of 2021 totaled 26 billion Saudi Arabian riyals ($6.9 billion), up from 20.6 billion riyals ($5.5 billion) in November 2020. This constituted an increase of 26.1%. Non-oil exports also increased 9% from October to November 2021, the authority said in a press release

The General Authority for Statistics also reported that China was the top recipient of Saudi exports in November of 2021, accounting for 17.2% of Saudi exports that month. Exports to China were valued at 18.5 billion riyals ($4.9 billion). China was followed by India, which received 11.6% of the exports, and Japan, which received 9.6%. Other countries in the top 10 were South Korea, the United States, the United Arab Emirates, Egypt, Singapore, Bahrain and Taiwan. 

Chemical and related products made up 34% of non-oil exports. Plastic and rubber were 31.6%, according to the authority. 

Saudi Arabia, which is one of the world’s largest oil producers, is working to reduce its dependence on oil exports as part of its Vision 2030 initiative. Relatedly, the country also recently reported an increase in the number of mineral production factories. Saudi Arabia also seeks to eliminate its gas emissions by 2060. 

The Gulf kingdom is not done with oil just yet, however. Global oil prices hit a seven-year high last week. Saudi Energy Minister Abdulaziz bin Salman praised the market’s “stability” in response. 

Join hundreds of Middle East professionals with Al-Monitor PRO.

Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Try it for free and cancel anytime.

Already a Member? Sign in


The Middle East's Best Newsletters

Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.


What's included:
Our Expertise

Free newsletters available:

  • The Takeaway & Week in Review
  • Middle East Minute (AM)
  • Daily Briefing (PM)
  • Business & Tech Briefing
  • Security Briefing
  • Gulf Briefing
  • Israel Briefing
  • Palestine Briefing
  • Turkey Briefing
  • Iraq Briefing

Premium Membership

Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.

$25.00 / month
billed annually

Become Member Start with 1-week free trial
What's included:
Our Expertise

Memos - premium analytical writing: actionable insights on markets and geopolitics.

Live Video Q&A - Hear from our top journalists and regional experts.

Special Events - Intimate in-person events with business & political VIPs.

Trend Reports - Deep dive analysis on market updates.

We also offer team plans. Please send an email to and we'll onboard your team.

Already a Member? Sign in