Sino-Saudi: Diversification sets stage for trade spurt
- Sino-Saudi relations span many different areas of cooperation, but energy is still the most significant.
- We expect Sino-Saudi trade to reach a new peak of USD 74.5B in 2019, going on to USD 80B in 2020 at a 10-year annual average growth rate of 8%.
- This is due to trade extending beyond crude to a diversified basket of commodities ranging from shrimp exports from Saudi Arabia to machinery imports from China.
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Analyst
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
To access this report, please click here.