According to data released by the Saudi Bureau of Statistics, Saudi imports in the first quarter were US$49 billion, a decrease of 4.8% from the previous quarter and an increase of 18.1% from the same period last year. China is Saudi Arabia's largest source of imports, with a commodity value of US$10.666 billion, accounting for 21.5% of Saudi Arabia's total imports over the same period. Machinery and appliances, electrical equipment and parts accounted for 20.9% of the total imports, and transportation equipment and parts accounted for 16.1%. The trade between China and Saudi Arabia is very good!
In addition, Saudi Arabia officially issued four new special economic zone licenses, the new special economic zones are located in Riyadh, Jizan, Ras Haier and Abdullah Economic City. Businesses operating in the new SEZ will enjoy competitive corporate tax rates, exemption from customs duties on imports, production inputs, machinery and raw materials, 100% foreign ownership of companies, and flexibility to attract and hire the world's best talent.
Therefore, partners who are engaged in import and export foreign trade can make efforts in Saudi Arabia. Those who have international logistics transportation needs can contact Iman Logistics. FCL and LCL are available, and Shuangqing door-to-door delivery is supported.