The non-oil sector’s contribution to the Kingdom’s total exports rose to 44%, up from the 2024 growth rate of 39%, the highest level on record. According to the latest global data, Saudi Arabia ranked highest among G20 countries in terms of growth rate.

Over recent years, the Gulf majors’ non-oil exports have shown steady growth. The figure stood at SR325 billion in 2021 and reached SR468 billion in 2022. In 2023, the ratio was SR477 billion, followed by SR543 billion and SR624 billion in 2024 and 2025, respectively.

“Non-oil goods exports reached SR225 billion in 2025, compared to SR217 billion in 2024, representing annual growth of 4%. This was primarily supported by non-petrochemical exports, which hit a record SR78 billion, up from SR70 billion in 2024, marking a 12% increase. Their share of total non-oil goods exports rose from 32% in 2024 to 35% in 2025,” reported Saudi Gazette.

“The value of non-petrochemical exports grew notably between 2021 and 2025, rising from SR58 billion to SR78 billion, while their share of total non-oil goods rose from 25% to 35% over the same period. Sector-wise, food and agricultural exports increased from SR15 billion in 2021 to SR24 billion in 2025. Exports of machinery, mechanical equipment, electrical devices, and their parts rose from SR4.3 billion to SR7.5 billion during the same period. Fertiliser exports also increased from 6.9 million tons to 10.8 million tons,” it added.

Maintaining their positive performance, services exports reached SR260 billion in 2025, up from SR235 billion in 2024, reflecting annual growth of 11%, apart from marking the highest annual value on record.

Among the sub-sectors, travel and transport accounted for 77% of total services exports in 2025.

The re-export sector recorded accelerated growth, as compared to SR91 billion in 2024, it reached SR139 billion in 2025, registering an annual increase of 53%, surpassing the SR100 billion mark for the first time and showcased a steady upward trajectory since 2021. The growth was driven by increased re-exports of machinery, equipment (including transport).

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The year 2021 has signalled a possibility of rebound in non-oil and gas exports. In 2020, the non-oil and gas exports were down 0.58 percent to $155 billion from the previous year, according to the ministry, on the basis of Statistics Indonesia data. 

The former Indonesian ambassador to the US, told the media, “Some 70 percent or three-quarters of Indonesia’s imports are raw and supporting materials. If raw and supporting materials are falling, it means industrialization in the country is also declining, perhaps because consumer spending is down.” 

In the third quarter of 2020, the Indonesian economy contracted 3.49 percent, leading to its first recession in over two decades. That said, consumer spending had contracted deeper by 4.04 percent year-on-year and investment expenditure by 6.48 percent in the same quarter. 

On the negotiation front, Indonesia and the European Union are negotiating the Indonesia–EU Comprehensive Economic Partnership Agreement (IEU-CEPA). It is reported that the talks began in 2016. Indonesia is the second biggest nickel exporter to the United Kingdom, following the US. With that, there is a huge opportunity for the country to export a variety of goods such as palm oil and natural rubbers globally, building up its competitive advantage.

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