INDIA-SAUDI ARABIA BILATERAL TRADE : India is the second largest trade partner of Saudi Arabia whereas Saudi Arabia is the fourth largest trading partner of India. During FY23 bilateral trade was valued at US$ 52.76 billion. During this period, India’s imports from Saudi Arabia grew by 23.47% to reach US$ 42.03 billion and exports to Saudi Arabia were worth US$ 10.72 billion registering an increase of 22.48% on yoy basis. Total trade with Saudi Arabia accounted for 4.53% of India’s total trade in FY 2022-23.
INDIAN COMMUNITY IN SAUDI ARABIA : The Indian community in Saudi Arabia numbers at more than 2.65 million and is a living bridge between the two countries. Indian diaspora is widely respected in the Kingdom for their contributions in the development of Saudi Arabia. The contributions made by the Indian community to the development of Saudi Arabia are well acknowledged.
Stay updated with the latest news, articles, and market reports.