Saudi Arabia Country Report

April 2023
  • Strong oil prices, market leadership, and liquidity buffers boost Saudi Arabia's short-term growth.     
  • The global surge in commodity prices following the Ukraine war benefits Saudi Arabia's economy.
  • Energy-related supply chain disruptions and reduced activities at Chinese ports neutralize inflation for net energy exporters like Saudi Arabia.
  • Despite heavy reliance on grain imports, Saudi Arabia has found alternative options due to ample purchasing power.
  • The current environment provides economic opportunities for Saudi Arabia, such as increasing fuel shipments to crisis-hit European countries.
  • Saudi Arabia remains a significant crude oil supplier for Japan and has also sold record volumes of blue ammonia.
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"Saudi Arabia Country Report"