Why Are These The Saudi Arabia's Top 10 Exports, By 2021-24? Blog-30

 

By Dr. Lade Vedkumar.

Very impressive export prospects are going to expand in these products by 2024.

These are the products average export values of 2020 and export prospects by 2024.

Polyethylene:

2020-5.4 billion dollars, 

2024-10.0 billion dollars.

Polypropylene in primary forms:

2020-5.4 billion dollars,

2024-8.8 billion dollars.

Polyethylene, specific gravity <0,94, in primary forms:

2020-4.6 billion dollars, 

2024-8.1 billion dollars.

Ethylene glycol "ethanediol":

2020-2.8 billion dollars,

2024-3.9 billion dollars.

Methanol "methyl alcohol":

2020-1.3 billion dollars, 

2024-2.3 billion dollars.

Styrene:

2020-1.5 billion dollars,  

2024-2.0 billion dollars.

Polymers of ethylene, in primary forms:

2020-1.4 billion dollars, 

2024-1.9 billion dollars.

Diethylene glycol:

2020-1.5 billion dollars,

2024-1.4 billion dollars.

Urea:

2020-1.1 billion dollars, 

2024-1.3 billion dollars.

Aluminium, not alloyed:

2020-919.7 million dollars, 

2024-1.3 billion dollars.

Important conclusion:

Best results can be found in products having larger absolute difference between 2020's exports and prospects by 2024 in value terms. It will create the space to earn additional export.

Such three products are Polyethylene, Polyethylene in primary forms, and Polyethylene specific gravity <0,94. 

Note: All the values are in an approximate US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above outlook.

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Research source:

1. World Trade Organization, Trade forecast.

2. World Bank WITS.

3. International Trade Centre.

Research access duration December 2020.

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