• 328 billion SR trade between Saudi Arabia and Italy over 10 years


    Italian investments in the Kingdom amount to about 11 billion riyals
     328 billion SR trade between Saudi Arabia and Italy over 10 years

    The volume of trade between Saudi Arabia and Italy 328.4 billion riyals (87.6 billion dollars) in a decade, 2003-2012, surplus balance of trade in the interest of Saudi Arabia, with about 80 billion riyals (13.2 billion dollars), equivalent to 24 percent of the trade between the two countries during the same period, according to the analysis conducted by the unit of economic reports in the ' economic ' newspaper. Total exports to Italy 10 years 204.2 billion riyals (54.4 billion dollars), compared with imports of Saudi Italy about 124.3 billion riyals (20.6 billion dollars). As trade between the two countries in 2012, was 56.8 billion (15.1 billion dollars), with a surplus balance of trade in the interest of Saudi Arabia by about 21.8 billion riyals (5.8 billion dollars).
    Italy is the first Saudi trade partner among European Union countries, where exports to Italy in 2012, about 39.3 billion ($ 10.5 billion) accounted for 2.7 percent of the total Saudi exports to the world during the same year of 1456.5 billion riyals, to be Italy's eighth largest importer of Saudi Arabia among the world's major importer of Saudi Arabia among countries of the European Union, where imports from Saudi Arabia accounted for 22.3 percent of total European Union imports. With imported from Italy worth 17.5 billion riyals (2.9 billion dollars) in 2012, to be Italy, the ninth largest exporter to Saudi Arabia among the world, imports from Italy 3% of total imports in 2012 of 583.5 billion riyals.
    Italian investments in Saudi Arabia around 11 billion riyals (1.8 billion dollars), operating in Saudi Arabia about 80 Italian companies in the areas of economic activity and all, Italian companies have a presence and investments in more than 88 countries around the world. And the GDP of Italy about $ 2 trillion, according to annual data released by the end of 2012, the Italian economy shrank by 0.8 percent in the fourth quarter of 2013, GDP $ 33.9 thousand Italian according to the number of population of 59.4 million by the end of 2012. The unemployment rate in Italy 12.9% depending on monthly statements issued at the end of January, 2014, the number of labor workers ' 22.3 million, according to data disclosed by the end of 2013, with 3.3 million people unemployed in two months by 15 January 2014.

    Record inflation in Italy 1% according to monthly data issued on 15 January 2014. External debt had amounted to 1.03 trillion dollars, according to interim data released in September 30, 2013. And imported from Italy many goods in 2012, came on top-by Central Department of statistics and information: (items of manufacture faucets) worth 597 million, then (medicines containing Penicillins or derivatives thereof-retail) of about 264 million, followed by (or reducing valves safety valves or coding) of about 247 million, IV (pebble stones and flagstones stone marble) about 209 million riyals.

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