Saudi Arabia’s non-oil exports reached SAR 515 billion ($137 billion) in 2024, the highest annual figure in the country’s history, according to the Saudi Export Development Authority. The figure represents a 13% increase from 2023 and a 113% rise since the launch of Vision 2030 in 2016.
The record was driven by strong growth across merchandise, services, and re-exports. Services exports reached SAR 207 billion, a 14% increase from the previous year and up 220% since 2016. Travel and tourism accounted for 74% of that total, supported by nearly 30 million international visitors in 2024. Tourism revenues rose 148% compared to 2019.
Merchandise exports rose 4% to SAR 217 billion. Petrochemical exports accounted for SAR 149 billion, while non-petrochemical goods—including food, minerals, and building materials—made up SAR 69 billion. Fertilizer exports reached a record value, rising fivefold since 2016.
Re-exports hit SAR 90 billion, up 42% from 2023 and 205% from 2016. Mobile phones were the largest re-export category at SAR 25 billion, more than double the 2023 figure. Re-exports were supported by expanded logistics infrastructure, including the integrated logistics zone at King Khalid International Airport.
Machinery, transport equipment, and aircraft parts comprised 84% of total re-exports. Aircraft parts rose from SAR 1.6 billion in 2022 to over SAR 2 billion in 2024.
Saudi goods and services were exported to more than 180 countries in 2024. Record import values were reported in 37 countries, including the UAE, Bahrain, Iraq, Oman, and Algeria. Markets such as Germany, Indonesia, Morocco, and Pakistan also showed strong year-on-year increases.
CEO of the Saudi Export Development Authority, Abdulrahman Althukair, said the growth reflects expanded global market access and the competitiveness of Saudi products, supported by training, promotion, and advisory programs for exporters.
Saudi Arabia aims to make non-oil exports a key pillar of economic diversification under Vision 2030. The government is targeting continued logistics, tourism, and manufacturing expansion to reduce reliance on hydrocarbons and broaden international trade ties.
