China’s Total Middle East and Africa Trade Up To US$1.63 Trillion.

China-Middle East trade volume nearly doubled over the 2017 to 2022 period, from USD262.5 billion to USD507.2 billion, according to Chinese Customs data. China’s 2022 trade with the Gulf Cooperation Council (GCC) nations reached just shy of US$1 trillion…

Below excerpt article reported by Middle East Briefing. (2023, July 24). China’s Multilateral Trade With Saudi Arabia, 2023/24 Status and Prospects

“Trade volumes
Saudi Arabia has become China’s largest trading partner in the Middle East and North Africa (MENA) and China’s largest global supplier of crude oil.

China is the largest trading partner of Arab countries, with Saudi Arabia accounting for 25% of the total volume of trade between China and Arab countries, reaching US$106 billion in 2022 and showing a 30% increase compared to 2021.

China’s import volume was US$78.05 billion, which increased by 37% compared to 2021. Saudi imports from China reached US$28 billion.””

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