Economic Relations Between Saudi Arabia and Romania and the objectives
The trade indicators between the Kingdom and Romania for the years 2021 and 2022:
The value of bilateral trade between the two countries increased from $526 million in 2021 to $549.7 million in 2022, with a growth rate of 4.9%.
The value of the Kingdom's exports to Romania increased from $17 million in 2021 to approximately $119 million in 2022, with a growth rate of 584.8%.
The value of imports from Romania to the Kingdom decreased from $508 million in 2021 to $430.8 million in 2022, representing a decrease of 15.2%.
The trade deficit with Romania decreased from $491 million in 2021 to $312 million in 2022, with a growth rate of 36.5%.
In 2022, Romania ranked 66th among the Kingdom's trading partners in the list of exports, 64th in the list of non-oil exports, and 50th in the list of imports.
The most important non-oil exports include:
Fertilizers.
Plastics and their products.
Boilers, machinery, appliances, and mechanical tools; their parts.
The most important imports include:
Live animals.
Wood and its products and wood charcoal.
Boilers, machinery, appliances, and mechanical tools and their parts.
