Investments and trade between Saudi Arabia and have exceeded $500 billion over the past decade, making the US the Kingdom's second-largest trading partner in terms of imports. Since 2020, trade has grown by more than 50%, reflecting the strength of economic ties and strategic partnerships that support vital sectors.
Increase in trade exchange during 2024 and 2025
Trade volume reached approximately $33 billion in 2024, with fertilizers and organic chemical products topping the list of Saudi exports, while machinery, equipment, automobiles, and spare parts were the leading US imports, valued at $9 billion.
According to preliminary data, trade volume in the first half of 2025 reached approximately $16 billion.
The role of the Saudi-American Trade and Investment Council
The Saudi-US Trade and Investment Council (TIFA), chaired by the General Authority for Foreign Trade, plays a pivotal role in strengthening economic ties between the two countries. The council works to monitor trade relations, expand investment opportunities, remove obstacles to trade flows, and enhance communication between the business sectors in both countries.
Agreements and initiatives that support joint cooperation
The council contributed to the agreement on 27 initiatives covering areas such as standards and metrology, intellectual property, artificial intelligence, and food and medicine. Its membership comprises 11 Saudi government entities that discuss economic issues within a defined framework.
The role of the General Authority for Foreign Trade
The General Authority for Foreign Trade continues to support bilateral relations through joint coordination councils, enabling non-oil exports to enter global markets, while working to address the challenges facing Saudi investors abroad.
