Expectations are increasing for increased economic cooperation between Saudi Arabia and the United States with the visit of U.S. President Donald Trump to Riyadh today, Tuesday, marking his first foreign visit since taking office.
This visit holds great importance on both political and economic levels, coming at a time when Saudi Arabia seeks to enhance its strategic relationship with the United States in the fields of energy, trade, and investment.
The visit is expected to contribute to boosting trade between the two countries, focusing on expanding mutual investments.
The trade volume between Saudi Arabia and the United States exceeded 603 billion Saudi riyals (160.8 billion dollars) over the past five years until the end of 2024.
Saudi exports to America have seen significant growth, rising from 31 billion riyals in 2020 to 47.95 billion riyals in 2024, while Saudi imports from America reached 325 billion riyals during the same period, showing a noticeable increase in recent years.
In the first quarter of 2025, the trade in goods between the two countries reached about 6 billion dollars, with Saudi exports to the United States totaling 2.974 billion dollars, while imports reached 3.021 billion dollars, resulting in a trade surplus in favor of America amounting to 226 million dollars compared to a surplus of 57 million dollars in favor of Saudi Arabia in the same period of the previous year.
Saudi Arabia imports many important goods from America, including cars and spare parts, worth 507 million dollars in the first quarter of 2025.
Among the prominent imported goods are passenger cars, trucks, buses, and spare parts.
In a related context, Saudi Minister of Investment Khalid Al-Falih confirmed during the "Future Investment Initiative" conference in Miami that the United States is the top choice for Saudi investments abroad.
He explained that 25% of foreign direct investments in the Kingdom come from America, reflecting the strong relationship between the two countries in this field. He added that Saudi investments in the United States currently exceed 750 billion dollars, with expectations for these investments to increase to 600 billion dollars in the coming years.
These economic relations between Saudi Arabia and America are a fundamental pillar in enhancing the strategic cooperation between the two countries, with a shared vision for a sustainable and prosperous economic future.