An official Chinese statistic said that the volume of trade between China and Saudi Arabia recorded strong growth in 2019 by 23.2 percent year on year, to reach 78.04 billion dollars.
The Chinese Ministry of Commerce said – in its latest data released on Wednesday, that the Chinese export to Saudi Arabia amounted to 23.86 billion dollars, an increase of 36.8 percent year on year, while its imports from Saudi Arabia amounted to 54.18 billion dollars, an increase of 18 percent.
The ministry added that the balance of direct investments of Chinese companies in Saudi Arabia amounted to 2.59 billion dollars until the end of 2018. And that during the period from January to December 2019. The direct investment of Chinese companies in Saudi Arabia reached about 180 million dollars.
The value of contracts for contracted projects signed by Chinese companies with Saudi Arabia last year amounted to 11.29 billion dollars, an increase of 67.8 percent year on year, while business value of Chinese companies amounted to 6.21 billion dollars, an increase of 19 percent year on year.