Question

1. Subject: Select a country.
2. Introduction: Write a summary of the history of economic relation between KSA and the selected country.
3. Framework: Discuss about the (the economic relation between the selected country and KSA ) include:

• Exports: Discuss the Quantity and the value of Main products exported to the selected country
• Imports: Discuss the Quantity and the value of Main products imported from the selected country

4. Economic relation: Discuss any other economic relations

Answer 1

The selected country is India.

Introduction: According to a study, the trade links between Ancient India and the Arabs go back to third millenium BC. In around 1000 AD, the trade between India and Arabia had flourished and became a vital element of the Arabian economy. Later, India became one of the first countries to tie up with Saudi Arabia and in 1930s it funded Najd, a region in Saudi Arabia through subsidies.In 1955, both countries opted for a peaceful co-existence to develop trade in between them.

Now, talking about the framework of these economic activities, we see that since Indian independence, there have been a regular trade between the two parties. Four of Indian Prime Ministers have visited KSA in the past. KSA is also a home for more than 1.4 million Indian Workers. KSA exports to India amounted for $21.4 billion in 2015 and imports amounted for $7 billion in the same year.

Exports include;

Oil: $16.4 billion
Organic chemicals: $1.2 billion
Plastics: $954.2 million
Fertilizers: $729.9 million
Gems, precious metals: $631.4 million
Aircraft, spacecraft: $542.9 million
Inorganic chemicals: $199.5 million
Aluminum: $193.6 million
Copper: $142.9 million
Other chemical goods: $95.3 million

And imports include;

Cereals: $1.1 billion
Machinery: $459 million
Iron or steel products: $367.8 million
Organic chemicals: $336.8 million
Meat: $267.9 million
Vehicles: $229 million
Ceramic products: $217.4 million
Electronic equipment: $203.9 million
Clothing (not knit or crochet): $162.8 million

In the year 2018, it was found that the trade between both the country hit $27.5 billion.