Thursday, January 11, 2007

Bilateral Trade: Saudi imports $76.5 million of goods from Iceland

This is not the sort of news you would come across in the mainstream media, which is why I like publishing this blog.

In 2005 Saudi exports to Iceland reached $26.4 million while Saudi Arabia imported goods worth $76.5 million from Iceland in the same period.

MENAFN reports that when asked about the trade disparity, Al-Turki, chairman of Jeddah Chamber of Commerce and Industry. speculated that the Kingdom exports goods to Iceland that aren't being counted. "I'm sure that some of the Saudi petrochemical companies exports materials to Iceland even if we didn't hear of it," he said.

Saudi Arabia imports primarily fish and agricultural materials from Iceland.