515 billion riyals .. The Kingdom’s non -oil exports record a historical performance

The Kingdom of Saudi Arabia recorded a record performance in its non -oil exports during the year 2024, which is the highest in its history, with a total value of 515 billion Saudi riyals, achieving a growth of 13% compared to the previous year, and an increase exceeding 113% since the launch, which reflects the diversity of the national economy and confirms the competitiveness of Saudi products and services in global markets.
This noticeable growth is attributed to the recovery of sectors, services exports and re -export, which formed two basic pillars of this remarkable performance.

Comprehensive growth

The growth included all export sectors, as goods exports increased to 217 billion riyals (+4%), driven by increasing exports of petrochemical and non -petrochemical goods by 2% and 9%, respectively.
While the value of re -export amounted to 90 billion riyals, achieving a growth of 205% since the launch of the vision, while services exports recorded their highest levels ever, at a value of 207 billion riyals, with a growth of 14% compared to the previous year, and 220% since the announcement of the vision.
The CEO of the Saudi Export Development Authority, Eng. Abdul Rahman Al -Dhakir, explained that this historical performance of non -oil exports for 2024 is a culmination of the continuous efforts made by the Kingdom in diversifying the economy and increasing the competitiveness of the national product.

The authority emphasized the work of enabling national companies to reach new markets, and enhance their export readiness through integrated programs that include training, empowerment, promotion, consulting services, etc., and to move forward in supporting the targets of the Kingdom’s 2030 vision, to build a prosperous economy in which non -oil exports contribute effectively as one of the pillars of sustainable growth.
The exports of petrochemical commodities in 2024 amounted to 149 billion riyals (68% of the total exports of commodities), recording an increase in value by 2% on an annual basis, as well as at the level of weight.
Exports of non -petrochemical goods witnessed a distinguished performance, recording 69 billion riyals (representing 32% of the total exports of goods), which are the highest value in years, where records were recorded in the export of more than 205 Saudi products, including food, dairy products, minerals, and building materials.

An exceptional performance

The Kingdom also witnessed an exceptional performance in fertilizer exports, as the weight of the products recorded a historical number in 2024, with an increase of 5% on an annual basis, and more than 5 times its value since the launch of the vision, while the re -export sector in the Kingdom recorded a historical performance during the year 2024, as it reached 90 billion riyals, achieving a growth of 205% compared to 2016, and an increase of 42% on the basis of Annual, and 114% compared to 2019.
This performance came mainly supported by the re -export of mobile phones, which alone recorded a record value of 25 billion riyals, which exceeds twice its value in 2023, and this remarkable growth is attributed to the operation of the integrated logistical area at King Khalid International Airport, which contributed to raising the efficiency of supply chains and facilitating re -export operations.
The machines, automatic devices, and transportation equipment and their parts constituted 84% of the total re -export in 2024, and the re -export of air vehicles parts witnessed a remarkable development, as the Kingdom began exporting them in 2022 at a value of 1.6 billion riyals, to increase to more than 2 billion riyals in 2024.
The Kingdom (goods, re -export and export) exported more than 180 countries during the year 2024, where 37 countries recorded records in the value of imports, including: Emirates, Bahrain, Iraq, Sultanate of Oman, Algeria, Spain, France, Poland, Libya and Syria.
Other countries have also achieved record numbers in the volume of imports, most notably: Indonesia, Thailand, Morocco, Pakistan, Nigeria, Germany, Greece and Bulgaria, and services exports also achieved a historical number with a rise of 14% on an annual basis and by 220% since 2016, to reach 207 billion riyals in 2024, driven by the travel and tourism sector, which increased by a rate 270% since 2016.

Tourist boom

During the year 2024 AD, the Kingdom received about 30 million international tourists, and this contributed to raising travel exports by 150% compared to 2019, to constitute 74% of the total services exports, and the Kingdom also recorded a rise of 69% in the number of international tourists compared to before the pandemic, and 148% in tourism revenues compared to 2019.
The Kingdom exported the G20 countries in the growth of the numbers of tourists by 73% during the first seven months of 2024, compared to the same period in 2019, while the transportation sector contributed 12% of the total services exports, achieving 5% growth on an annual basis.
This historical performance of non -oil exports reflects the progress achieved within the framework of the Kingdom’s 2030 vision, and confirms the integration of efforts between the government and private sectors to enhance the presence of Saudi products and services in global markets, and support the process of sustainable economic growth.
Where the Kingdom’s Vision 2030 drew the road map to support non -oil export development and diversify national income sources, by launching qualitative initiatives, programs and strategies such as the national industry strategy, which aims to build an advanced and competitive industrial sector, which contributes to diversifying income sources, enhances the Kingdom’s position in global supply chains and develops the export sector.