Sino saudi trade. In December 2022, Saudi Arabia and China's friendship again reached new heights following President Xi Jinping's attendance at the China-Arab States Summit hosted in the 2 days ago · JEDDAH: Saudi Arabia and China signed 42 investment agreements worth over $1. The deals, which also covered medical devices Jan 21, 2025 · After ascending the throne, King Abdullah made his first overseas visit to China in 2006. 2. Trade Relations, and Economic and Technological Cooperation The bilateral trade volume has achieved a steady growth since the establishment of diplomatic relations between Chinaand Saudi Arabia. It is the consequence of the “trade war” launched by the Trump administration against Beijing in April 2018 (“ The US Economy, Between the Climate Hammer and the Trade war Anvil – The US Soybean Crop case ”, The Oct 14, 2024 · EWPartners, an investment firm backed by Saudi Arabia’s sovereign wealth fund, is planning to develop a so-called special economic zone inside the country to boost Chinese trade with the oil . Saudi Arabia is emerging as one of China’s most significant trading partners, with trade volume between the two countries reaching $100bn in 2023. While energy and economy form the backbone of the partnership, the strengthening of their political and strategic ties has international implications. 1 Conversely, China is Saudi Arabia’s biggest trading partner and crude oil customer. S. With his “ looking East ” trade policy, his visit led to five agreements, covering cooperation in areas such as oil, natural gas, and minerals, as well as economic, trade, and technical cooperation. China and Saudi Arabia are close and strategic allies and have been increasing cooperation in the energy and financial sectors, the Belt and Road Initiative, and has signed numerous deals across several areas. Key Findings ¡ The expansion of the Sino-Saudi bilateral relation-ship has been a result of mutual interests, an evolv-ing strategic landscape, and the complementary nature of policy initiatives, namely China’s Belt and Road Initiative and Saudi vision 2030. Aug 18, 2022 · Over the last thirty years, Sino-Saudi political, economic and military ties have deepened. 29Between 2012 and 2016, Sino-Saudi trade totalled between US$44 billion and US$73 billion annually, with oil representing the most commonly traded product. Aug 27, 2025 · China's commerce minister urged closer ties in new energy and capital markets in talks with Saudi Arabia's visiting investment minister, the commerce ministry said on Wednesday, as Beijing seeks Find the latest trade data and tariffs between China and Saudi Arabia. Last year, China took 27 percent of Saudi Arabia’s total crude Mar 11, 2019 · The U. , a Sino-Saudi common problem? The heightening defiance between China and the U. is also boosting the economic and political synergy between Saudi Arabia and China. Dec 20, 2024 · A rise in transactions has been noted in particular between China and the Gulf Cooperation Council countries — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. 30 For several years, Saudi Arabia has been either Chinas rst ’ fi or second (to The two countries founded Sino-Saudi Friendship Association and Saudi-Sino Friendship Association respectively in October 1997. Considering that Sino-Saudi trade was 154 times smaller in 1990, this development must not be understated. Saudi Arabia has become China’s largest trading partner in the Middle East and North Africa (MENA), and China’s top global supplier of crude oil. 3 days ago · Riyadh, September 24, 2025, SPA -- For more than 75 years, Saudi Arabia and the People's Republic of China have engaged in strong bilateral relations, with the two countries formalizing their political partnership in 1990. Jan 16, 2025 · Sino-Saudi interests are now aligned at multiple levels. 74 billion across advanced industries, smart vehicles, and energy. 9ugtqa fs61yj nm3mx m4cv ct bdwv6ye6 znuk9au 3biqddfo wld ucxj3kqx