Saudi Trade recovery since September 11

Two years after September 11, the US has reported a 61% surge in bilateral trade with Saudi Arabia, indicating a strong recovery in commercial ties. Other countries have also reported increases in trade with the Kingdom.

  • E-Mail
By  Patrick Phelvin Published  September 11, 2003

Two years after September 11, the US has reported a 61% surge in bilateral trade with Saudi Arabia, indicating a strong recovery in commercial ties. China reported a growth of US$1billion annually in bilateral trade with the Kingdom and Germany a 14% increase in exports to Saudi in the last two years. Britain cited US$7.5billion in two-way trade, indicating a healthy growth in trade relations.

“There has clearly been an impact on the US-Saudi relationship, as both our governments have had to address the very real and immediate threat of terrorism and extremism,” says Robert Jordan, the US Ambassador to Saudi Arabia.

“I think these challenges have forced both our governments to work harder together, and we have made great efforts to understand each other and learn how to cooperate. I would say that despite much of the negative commentary from media on both sides since September 11, the relationship has actually deepened and improved due to our joint efforts to combat the threat of terrorism,” he adds.

In the last quarter of 2001 and throughout 2002, imports of US products into Saudi remained flat. However, in the first four months of 2003, trade between the two countries grew 61% on the same period last year, reaching almost SR30 billion.

The British Embassy in Riyadh has reported an increase in the number of Saudi visitors to the UK in 2003. The Kingdom remains Britain’s biggest trading partner in the Middle East.

According to Elmar Jakobs, first secretary for political and press affairs at the German Embassy, there has been a 30% increase in Saudi visitors to Germany during the last two years. The number of Saudis visiting Germany for medical treatment has doubled during the period, resulting in Germany overtaking the US as the most popular destination for Saudi Arabians seeking treatment abroad.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code