Saudi Arabia: In 2023, Non-Oil Exports Amounted to 215 Billion Riyals

In 2023, Saudi Arabia saw a significant boost in its non-oil exports, hitting around 215 billion riyals, marking a substantial improvement in overall performance totaling 458 billion riyals. Service exports also saw a noteworthy surge, reaching 182 billion riyals. Additionally, re-exports exceeded 61 billion riyals.

During this period, the Saudi Exports Authority embarked on 9 trade missions both domestically and internationally. They actively participated in 10 international exhibitions, where over 220 Saudi companies showcased their offerings, resulting in more than 1,770 fruitful business meetings with foreign counterparts.

Moreover, the authority organized 9 trade missions and facilitated 3,300 business meetings. This initiative directly benefited 331 Saudi companies. Furthermore, they opened doors for over 2,047 export opportunities for 1,668 Saudi firms through international exhibitions and trade missions. Notably, there was a 21% surge in incentive requests compared to the previous year.

The Saudi Exports Authority also issued over 1,700 international tenders, benefiting more than 460 different Saudi companies. They conducted detailed evaluations for over 55 exporters and 1,161 clients to assess their readiness for exporting and identify areas for improvement.

To bolster exporters’ capabilities, the authority provided training to 755 individuals in export and international trade fields through workshops and training programs totaling 365 hours. They addressed over 200 export-related issues and streamlined customs procedures for more efficient operations.

In addition, they hosted the “Made in Saudi Arabia” exhibition for the second time, signing over 60 agreements and launching the “Saudi Technology” label to promote local tech companies and products. They also officially launched the Export Houses service and licensed four local companies.

Throughout 2023, the Saudi Exports Authority conducted over 17 promotional campaigns for national goods and services, locally and internationally. They sponsored four local and international events to enhance the image and brand of national products, garnering over 113 million views on digital platforms.

In their quest for export excellence, the Saudi Exports Authority continues to provide a diverse range of services, from building exporters’ capabilities through workshops and training courses to offering tools to assist exporters in their export endeavors.

In 2023, Saudi Arabia’s non-oil exports reached an impressive 215 billion riyals, showing a significant improvement in performance totaling 458 billion riyals. Service exports also saw a remarkable surge, hitting 182 billion riyals. On top of that, re-exports exceeded 61 billion riyals.

During this time, the authorities organized 9 trade missions, both within the country and abroad, achieving several milestones. They actively participated in 10 international exhibitions, where over 220 Saudi companies showcased their offerings, leading to more than 1,770 fruitful business meetings with foreign counterparts.

Additionally, they facilitated 9 external and internal trade missions, hosting 3,300 business matching meetings. This benefited 331 Saudi companies and connected over 2,047 export opportunities for 1,668 Saudi firms with international exhibitions and trade missions. Interestingly, there was a 21% increase in incentive requests from the previous year.

Moreover, Saudi exports issued over 1,700 international tenders for more than 460 different Saudi companies. They conducted detailed evaluations for over 55 exporters and 1,161 clients, assessing their readiness for exporting and identifying areas for improvement.

To boost exporters’ capabilities, they trained 755 individuals in export and international trade fields through workshops and training programs totaling 365 hours. They also addressed over 200 export-related issues and streamlined customs procedures for more efficiency.

Furthermore, they inaugurated the “Made in Saudi Arabia” exhibition for the second time, signing over 60 agreements and launching the “Saudi Technology” label to promote local tech companies and products. They also officially launched the Export Houses service and licensed four local companies.

Throughout 2023, Saudi exports conducted over 17 promotional campaigns for national goods and services, both locally and internationally. They sponsored four local and international events to enhance the image and brand of national products, with over 113 million views on digital platforms throughout the year.

The Saudi Exports Authority continues to provide a diverse range of services aimed at achieving export excellence. From workshops and training courses to offering tools, they assist exporters on their export journey.