Question

trade laws betweeen us and saudi arbia for trade of military goods?

Answer 1

SAUDI ARABIA AND US TRADES

Saudi Arabia has been an enticing trade partner with the United States from the early 20th century. The biggest commodity traded between the two nations is oil. The strength of the relationship is notoriously attributed to the United States' demand on oil throughout the post modern era, approximately 10,000 barrels of petroleum are imported daily to United States since 2012 ("U.S. Total Crude Oil and Products Imports").Saudi Arabia has consistently been in need of weapons, reinforcement, and arms due to the consistent rising tensions throughout the Middle East during the late 20th century and early 21st century. Post 2016, the United States of America has continued to trade with Saudi Arabia mainly for their oil related goods. The top exports of Saudi Arabia are Crude Petroleum ($96.1B), Refined Petroleum ($13B), Ethylene Polymers($10.1B), Propylene Polymers ($4.93B) and Ethers ($3.6B), using the 1992 revision of the HS (Harmonized System) classification.Its top imports are Cars ($11.8B), Planes, Helicopters, and/or Spacecraft ($3.48B), Packaged Medicaments ($3.34B), Broadcasting Equipment ($3.27B) and Aircraft Parts

Recent years US and Saudi arabia defense goods

In the year 2017, the Kingdom of Saudi Arabia was the United States of America's 20th ranked export market across the globe and ranked 21st in import markets. The most prominent goods set forth as exports to Saudi Arabia in the designated year (2017) were "aircraft ($3.6 billion), vehicles ($2.6 billion), machinery ($2.2 billion), electrical machinery ($1.6 billion), and arms and ammunition ($1.4 billion). In terms of statistics, the United States - Saudi Arabian trade declined approximately nine percent in U.S. exports in 2017 compared to the year prior; however, 2017 exemplified great reparation of the relationship through a 57% increase of exports from 2007. Imports between the two nations increased approximately 11 percent from 2017 to 2018, which is an overall decline of 47% since the year fiscal 2007. The entities that the United States of America seeks to import from Saudi Arabia has hardly changed over the years: "The top import categories (2-digit HS) in 2017 were: mineral fuels ($18 billion), organic chemicals ($303 million), special other (returns) ($247 million), aluminum ($164 million), and fertilizers ($148 million)".^[139]