A Brief Note On Saudi Arabia

Submitted By RicoWang1

Words: 348

Pages: 2

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Trade war information.

Saudi is ranked:

Major exports: Petroleum oils, crude (77%), Petroleum oils, refined (6%), Polymers of ethylene, in primary forms (3%), Petroleum gases (2%), Acyclic alcohols (2%)

Major imports: Cars (7%), Medicaments, packaged (3%), Iron ores and concentrates (2%), Automatic data processing machines (2%), Transmission apparatus for radio, telephone and TV (2%)

Major trade partners (exports): Asia NES (37%), North and Central America, nes (8%), Japan (7%), China (7%), United States (7%)

Major trade partners (imports): China (14%), Germany (10%), Japan (9%), Korea, Rep. (6%), United States (6%)

Country Analysis Brief Overview * Saudi Arabia has almost one-fifth of the world's proven oil reserves, is the largest producer and exporter of total petroleum liquids in the world, and maintains the world's largest oil production capacity. * Over half of its oil reserves are contained in only eight fields. The giant Ghawar field, the world's largest oil field with estimated remaining reserves of 70 billion barrels, has more proven oil reserves than all but seven other countries. * Although Far East Asia is received an estimated 54 percent of Saudi Arabia's crude oil exports in 2012, Saudi Arabia still ranked second after Canada as a petroleum exporter to the United States. * Saudi Arabia has the world's fifth largest natural gas reserves, but natural gas production remains limited.
Saudi Arabia plans to increase

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