- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
India and Saudi Arabia enjoy cordial and friendly relations reflecting the centuries old economic and socio-cultural ties
During his maiden visit to New Delhi in February 2019, Saudi Crown Prince Mohammed bin Salman said he saw over $100 billion worth of investment opportunities in India over the next two years
At 19%, a major component of India's crude oil import is from Saudi Arabia
Saudi Arabia is India’s 4th largest trading partner
Is 15th largest market in the world for Indian exports
Important economic partner for investments and joint ventures for India
Among the Top 50th investors in India
As per the Ease of Doing Business report for 2020, Saudi Arabia is ranked 62nd among 190 countries globally
US$ 3,156mn
FDI inflow from Saudi Arabia in April 2000 to December 2022
US$ 52.76bn
bilateral trade value in 2022-23
2.8mn
Indians forms the largest Expatriate Community in Saudi Arabia
Strengths
largest economy in the world, with a GDP of US$ 779 billion
Construction projects
Housing and infrastructure construction is a booming sector in Saudi Arabia with mega projects on the anvil
Management and Consultancy Services
426 companies have been issued licenses by the Saudi Arabian General Investment Authority (SAGIA)
Oil and Gas
Saudi Arabia's abundant oil and gas reserves have given the kingdom a comparative advantage in terms of energy costs
Entertainment
Great opportunity for India to explore the entertainment sector
Defence
Bilateral defence cooperation is being intensified through joint military exercises, supply of arms and ammunition etc
Research & Development in Energy Sector
The two countries hold regular meetings under India-Saudi Arabia Ministerial Energy Dialogue
Competitiveness
Saudi Arabia is the 36th most competitive nation in the world out of 140 countries ranked in the Global Competitiveness Report 2018 published by the World Economic Forum
India's Exports and Imports to Saudi Arabia
Source: Department of Commerce
Values in US $ Millions
Country / Region: SAUDI ARAB
| S.No. | \Year | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 5,561.72 | 6,236.86 | 5,856.61 | 8,758.94 | 10,727.65 |
| 2. | %Growth | 12.14 | -6.10 | 49.56 | 22.48 | |
| 3. | India’s Total Export | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 | 450,958.43 |
| 4. | %Growth | -5.06 | -6.88 | 44.62 | 6.86 | |
| 5. | %Share | 1.68 | 1.99 | 2.01 | 2.08 | 2.38 |
| 6. | IMPORT | 28,479.21 | 26,857.37 | 16,186.76 | 34,100.58 | 42,035.27 |
| 7. | %Growth | -5.69 | -39.73 | 110.67 | 23.27 | |
| 8. | India’s Total Import | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 | 714,042.45 |
| 9. | %Growth | -7.66 | -16.91 | 55.43 | 16.47 | |
| 10. | %Share | 5.54 | 5.66 | 4.10 | 5.56 | 5.89 |
| 11. | TOTAL TRADE | 34,040.93 | 33,094.24 | 22,043.37 | 42,859.52 | 52,762.92 |
| 12. | %Growth | -2.78 | -33.39 | 94.43 | 23.11 | |
| 13. | India’s Total Trade | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 | 1,165,000.88 |
| 14. | %Growth | -6.64 | -12.92 | 50.83 | 12.55 | |
| 15. | %Share | 4.03 | 4.20 | 3.21 | 4.14 | 4.53 |
| 16. | TRADE BALANCE | -22,917.49 | -20,620.51 | -10,330.15 | -25,341.64 | -31,307.62 |
| 17. | India’s Trade Balance | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 | -263,084.03 |
Council of Saudi Chambers
https://www.facebook.com/CSC.SA
+966-11-218-2222
King Fahad Branch Rd, Al Mutamarat, Riyadh 12711, Saudi Arabia
Embassy of India, Riyadh, Kingdom of Saudi Arabia
;
+91-11-488-4144; 488-4691
Address : B-1, Diplomatic Quarter,
PO Box 94387, Riyadh 11693,
Kingdom of Saudi Arabia
