Equipment leads Saudi-Germany trade
Machinery and equipment are the leading items traded between Saudi Arabia and Germany
Liebherr on deck: exports to Saudi Arabia continue to rise
Machinery and equipment are the leading items traded between Saudi Arabia and Germany, the delegation of German Industry and Commerce for Saudi Arabia has revealed.
Andreas Hergenrther, delegate of German Industry and Commerce of Saudi Arabia and Yemen, told Arab News that infrastructure developments “offer massive investment opportunities for German companies”.
“The expected value of Saudi-German commercial deals in 2013 is around $13 billion,” Hergenrther told Arab News.
Hergenrther added that the value of commercial transactions between KSA and Germany has remained consistent for the past five years. The volume of bilateral commercial deals increased by 47% last year with German exports to Saudi Arabia during the first 11 months jumping by 71%. Meanwhile Saudi exports to Germany increased by about 27.5%. The total volume of Saudi exports to Germany is less than the German exports to Saudi Arabia, which mostly includes hydro chemical products and petrochemicals.
