Trade exchange between Turkey and Saudi Arabia grows 73.7 percent

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The volume of trade exchange between Saudi Arabia and Turkey increased by 73.7 percent last June, amid the improvement of diplomatic and economic relations between the two countries.

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According to data from the General Authority for Statistics (Governmental) in Saudi Arabia, issued on Wednesday, trade exchange rose to $622 million last June, from $358 million in the corresponding month of 2021.

Saudi exports to Turkey increased by 74.4 percent, recording $608 million last June, compared to $348 million in the same month from $202.

Meanwhile, Saudi Arabia’s imports from Turkey rose 47.3 percent to reach $14.4 million, up from $9.8 million.

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The most prominent non-oil exports from Saudi Arabia to Turkey are chemicals and minerals, while machinery, mechanical devices and electrical equipment are the main imports.