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in recent years, the alignment between china's belt and road initiative and saudi arabia's vision 2030 has been increasingly strengthened, leading to fruitful results in practical cooperation between china and saudi arabia in multiple fields. cooperation in trade, production capacity, finance, infrastructure construction and other areas continues to deepen, and the level of cooperation keeps improving.
china and saudi arabia have strong complementarity in economic structure. china is a major energy importer with a high level of manufacturing and well-developed infrastructure. saudi arabia has abundant oil and gas mineral resources, and its economic development highly relies on energy-related industries. the core goal of saudi arabia's vision 2030 is to develop the manufacturing industry and achieve economic diversification, while china is a major manufacturing power, indicating broad prospects for cooperation between china and saudi arabia.
for several consecutive years, saudi arabia has maintained its position as china's largest trading partner in the west asian and north african region, with china being saudi arabia's top trading partner. china primarily imports energy and raw materials from saudi arabia, while its exports to saudi arabia consist mainly of industrial manufactured goods.
in 2022, the bilateral trade volume between china and saudi arabia reached $116 billion. the top five categories of exports from china to saudi arabia include electrical machinery and equipment, machinery, automobiles, furniture and steel. the top five categories of imports from saudi arabia to china are mineral fuels, organic chemicals, plastic products, mineral sands and slag, and rubber products.
the automobile trade has become a new highlight in the bilateral trade relationship. in 2022, saudi arabia imported approximately 569,000 vehicles, with over 40 percent of them being imported from china.
