Saudi arabia tariffs trade tensions Discussions aim to respond to U. Apr 11, 2025 · A new report shows that construction costs in the UAE and Saudi Arabia could rise as trade tariffs disrupt supply chains. In this regard, Saudi Crown Prince Mohammad Bin Salman (MBS) is concerned by President Trump's emerging tariff policies and has set a Feb 14, 2025 · Indirect effects possible Saudi Arabia, the UAE and the other Gulf Arab states are likely to escape US President Donald Trump’s tariff ire, analysts say. and Saudi Arabia Customs authority create a new HS code combining between the international and Gulf system, and make the HS code 12 digits. for more Apr 14, 2025 · Donald Trump’s tariffs have sparked economic panic and confusion across the globe, but they could also cause major issues for one of Saudi Arabia’s upcoming projects. The country has since been governed as an absolute monarchy under the House of Saud. Learn about Saudi Arabia's import duties, tariff structure, exemptions, customs procedures, and trade regulations for smooth importing. The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent. Jan 3, 2024 · Includes the barriers (tariff and non-tariff) that U. Get updated information on customs duties, taxes, and trade rules for businesses. With growing trade under Vision 2030, Saudi is emphasizing safe, transparent imports. aluminum imports. Discover data on Trade Tariffs in Saudi Arabia. Here’s how it’s navigating political heat and global competition. Jan 13, 2025 · It allows precise classification of products for customs duty rate determination and identification of non-tariff barriers. Apr 8, 2025 · While the United Arab Emirates and Saudi Arabia are subject to an additional 10% tariff, other countries will be subject to higher tariffs, such as Jordan, Algeria, Iraq, Syria, Libya, and Tunisia. Please see the attachment for more information. 8 million are registered foreign expatriates and an estimated 1. May 14, 2025 · President Donald Trump announced during remarks at a business forum in Saudi Arabia that he was ordering an end to sanctions on Syria. India tariffs on Saudi Arabia Year: 2022 Below table has data from UNCTAD TRAINS for Most Favored Nation (MFN) tariff and Applied tariff applied by India on imports from Saudi Arabia. The Line is intended to be Saudi Arabia ’s most ambitious infrastructure project and, as you can imagine, it is set to cost quite a pretty penny. President Donald Trump implemented a 10% tariff on 2/4/2025 on all imports, alongside additional "reciprocal tariffs" targeting 57 trading partners, including Saudi Arabia, as part of his strategy to reduce trade deficits and safeguard U. With rivals reeling and BYD surging, Tesla bets on Riyadh and domestic advantage to reclaim market strength. We would like to show you a description here but the site won’t allow us. The simple average tariff across all products was not available percent. The measure affects a total of 17 Chapters and 99 Tariff Lines of the KSA May 7, 2024 · Revised Tariffs The Saudi Port Authority, MAWANI, have issued a 4th amendment to their 2024 rates. These exceptions include 666 products that may be imported duty free, including aircraft and most livestock. This is because the world’s largest economy by and large runs a trade surplus with them, their value added tax (VAT) is relatively low and they peg their currencies to the US dollar. For further details, as well as information about operations in Saudi Arabia, contact GAC Saudi Arabia at saudi@gac. In brief The Government of the Kingdom of Saudi Arabia (KSA) has announced an increase in the customs duty rates for an extensive range of goods, including live animals, foodstuffs, mineral, chemical, plastic, glass products, base metals (namely aluminium), machinery, equipment and electrical equipment and vehicles. This guide covers licensing, SASO certification, customs duty rules, document requirements, prohibited items, penalties, port procedures, inspection protocols, and Apr 22, 2025 · Key View Saudi growth will still accelerate in 2025, despite our downward revision for the 2025 forecast from 4. The impact of tariffs imposed by the US on Saudi Arabia is expected to be “close to zero”, underpinning the kingdom's resilience against global economic shocks, the International Monetary Fund Merchandise Trade summary statistics for a country including imports, exports, tariffs, export and import partners, top exported products and development indicators The International Trade Barrier Index (TBI) follows on the success of its sister index the International Property Rights Index used by think tanks, governments, private industry, and academics from around the world to assess their property rights environment. The basic 10% tariffs went into effect on April 5, while the additional tariffs will be effective on April 9. May 8, 2025 · Countries in the MENA region were affected differently by Trump’s increased tariffs. Feb 14, 2025 · On the face of it, US President Donald Trump’s decision to impose a 25 percent tariff on steel and aluminium imports is bad news for GCC smelters. Apr 9, 2025 · The imposition of 'reciprocal tariffs' by the US poses a serious challenge to the existing international trade and economic order, writes Cao Xiaolin [Kevin Mohatt/Reuters] On April 2, the United Feb 6, 2025 · Will Saudi Arabia prioritize its alliance with Russia or accommodate US demands to lower oil prices? A production hike would weaken Russia’s economic position but could also fracture OPEC+, trigger a retaliatory price war, and reduce Saudi Arabia’s own revenues— complicating its Vision 2030 ambitions. Under the amendments, duties will be imposed on certain product categories, particularly natural honey products and chemical compounds, effective 1 June 2025. Oct 1, 2025 · There are no photos for Saudi Arabia. President Donald Trump announced tariffs on Canada, Mexico and China, while the Qatari index gained ahead of several corporate earnings Business, finance and regulation news in the Arab world — Enterprise The morning business news brand that global investors and domestic leaders trust for news, analysis and context in the Arab world. Mechanism for Implementing Trump's Jan 11, 2025 · Saudi Arabia Tariff Codes International Harmonized system (HS Code) consists of 6 digits, and Gulf countries set it to 8 digits HS Code. Rising summer temperatures drove Saudi Arabia to become Russia's largest seaborne fuel oil customer in June, allowing the kingdom to export more of its crude oil at higher prices. What does that mean for Saudi Arabia’s “giga-projects?” Below table has data from UNCTAD TRAINS for Most Favored Nation (MFN) tariff and Applied tariff applied by Saudi Arabia on imports from United Kingdom. The king rules through royal decrees issued in conjunction with the Council of Ministers, and with advice from the Consultative Council. 68 as of 2020. Apr 24, 2025 · Relocating to Saudi Arabia could offer manufacturers strategic advantages amid current global economic volatility. Access Saudi Arabia’s tariff rates & import duties on chemicals. 3 days ago · Electricity Tariff Explore comprehensive details on electricity tariffs and rates in the Kingdom, including how costs are determined by energy usage and service consumption. Jul 31, 2025 · Understanding import regulations in Saudi Arabia is essential for businesses navigating customs clearance, certification, tariffs, and compliance. com. companies face when exporting to this country. said the kingdom should consider tariffs on foreign cars to boost domestic auto manufacturing and cut reliance on imports. Its highest value over the past 26 years was 12. 's reciprocal tariffs and reinforce trade ties, advancing cooperation on key economic initiatives Escalating U. However, since the tariffs apply uniformly to all countries – including Canada, which supplies over Oct 19, 2021 · Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV Apr 13, 2025 · China engages in diplomatic efforts with Saudi Arabia and South Africa to counter U. In line with the Article 3 (A) (3) of the RETT Implementing Regulations, ZATCA has clarified that any real estate disposal that may involve transfer of ownership of real estate property to a government entity or a public legal person in Saudi Arabia, shall be exempt from RETT. While the direct impact of the US tariffs on exports will be limited, lower oil prices and weaker global demand for exports prompted us to reduce our forecast for the non-oil economy performance, as weaker energy revenues will Mar 29, 2018 · More broadly, U. The trade weighted average tariff was not available . The US president-elect campaigned on a protectionist America-first agenda, promising to Apr 4, 2025 · These tariffs take effect on April 5, 2025, for all countries and on April 9, 2025, for the specific countries with significant trade deficits with the US, as enumerated in Annex I of the Executive Order. 4% to 3. Merchandise Trade summary statistics for a country including imports, exports, tariffs, export and import partners, top exported products and development indicators Apr 2, 2025 · Reciprocal tariffs the U. Mar 31, 2025 · Tesla leverages new U. Apr 4, 2025 · Muscat: Following his announcement of sweeping tariffs worldwide, US President Donald Trump said that a 10 per cent tariff will be imposed on GCC countries, including Oman. Tariffs imposed by Saudi Arabia in 2022 are below The maximum rate of tariff in percentage on any product was not available percent. Visit us online to get the various hs codes and commodity description. Below table has data from UNCTAD TRAINS for Most Favored Nation (MFN) tariff and Applied tariff applied by European Union on imports from Saudi Arabia. states could be placed at a disadvantage through retaliatory tariffs on American export industries. The mega-city project, being helmed by NEOM, essentially consists of a huge Below table has data from UNCTAD TRAINS for Most Favored Nation (MFN) tariff and Applied tariff applied by China on imports from Saudi Arabia. 55 in 2009. tariffs to grow manufacturing and invest heavily in mining to boost non-oil revenue. 2. Saudi Arabia was founded in 1932 by King Abdulaziz, who united Hejaz, Najd, parts of Eastern Arabia and South Arabia (Asir) into a single state through a series of military and political campaigns beginning in 1901. -China trade war threatens both economies, global supply chains, and risks disrupting industrial sectors. The charts display import tariffs on products traded between China and Saudi Arabia in 2023. Dec 26, 2024 · Amid threats of tariffs from US President-elect Donald Trump, Saudi Arabia has frozen its bid to be a full member of Brics, according to a report Apr 3, 2025 · President Donald Trump on Wednesday unveiled a reciprocal tariff plan that will levy taxes on each country's goods at a different level. 85–95% of Saudi Arabian citizens are Sunni Muslims, 10–15% are Shia. Apr 8, 2025 · Saudi Arabia's Oil Dependency Faces New Challenges: Tariffs, Falling Oil Prices, and Vision 2030 As global oil prices plunge, Saudi Arabia must rethink its fiscal strategy. Saudi Arabia is a Apr 8, 2025 · Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious Apr 9, 2025 · The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32. 1 day ago · Saudi Arabia is a monarchy ruled by a king chosen from and by members of the Al Saud family. Actual value and historical data chart for Saudi Arabia Tariff Rate Applied Simple Mean All Products Percent May 13, 2025 · President Donald Trump arrived in Saudi Arabia today to begin his first major international trip of his second term. 8%, due to a strong rebound in oil production. Filtered Manuka honey and other natural honeys are subject to customs duty of 5%. May 1, 2025 · First published: 01-May-2025 08:10:12 Staff Writer RIYADH — Saudi Arabia is poised to emerge stronger from the global trade shake-up triggered by the United States' sweeping tariff measures of 2025, with limited direct exposure and growing competi Feb 17, 2025 · The 25% steel and aluminum tariffs imposed by the US started to have a negative impact on Dubai and Saudi Arabia's exports. vehicle tariffs and heads into Saudi Arabia with a bold EV push. 6 days ago · From the date of its establishment in September 1932, Saudi Arabia enjoyed full international recognition as an independent state, although it did not join the League of Nations. 1 day ago · Saudi Arabia is a sparsely populated kingdom in the Middle East, known for its oil industry and ruled by the Saud family that embraced the conservative Wahhabi Islamic movement in the 18th century. Goods manufactured in Saudi Arabia are subject to customs duties and tariffs when imported or exported to other countries. Middle Eastern countries like the UAE and KSA will face a 10% tariff, while others like Jordan and Iraq will face higher rates. Apr 13, 2025 · While the tariffs have contributed to a decline in global oil prices, Saudi Arabia’s finances are expected to be only marginally affected, due to the Kingdom’s budget being based on Dec 10, 2024 · OPEC+ extends oil production cuts to April 2024 and 2026 amidst geopolitical uncertainty and anticipation of how Trump's return to the presidency will influence U. Saudi Arabia - Trade Barriers Includes the barriers (tariff and non-tariff) that U. After all, the Gulf region accounts for 16 percent of US aluminium imports, with Bahrain, Oman, Qatar and Saudi Arabia the leading suppliers. imports from Saudi Arabia, and so these tariffs have the potential to disrupt the U. 56 in 2000, while its lowest value was 3. Bahrain and Oman have had free-trade agreements with the U. The specific tariffs and duties applicable will depend on the type of goods being exported or imported, as well as the destination country or region. Apr 8, 2025 · U. S. Hey! Saudi Arabia is the largest state in western Asia by land area (most of the Arabian Peninsula) and the second-largest in the Arab World. MFN and Applied Tariff are provided for both traded and non-traded goods. It has an estimated population of 27 million, of which 8. Various Apr 10, 2025 · China engages with Saudi Arabia and South Africa on US tariffs; Xi to embark on three-nation tour China is reaching out to allies and has refused to seek talks with US, saying it would "fight to the end" in a tariff war, prompting Trump to further jack up the tax rate on Chinese imports to 145 percent. 3 days ago · Gulf Cooperation Council countries—including Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait, and Oman—are now subject to a baseline tariff of 10% on their exports to the US. Geography The Kingdom of Saudi Arabia is the largest country in the Arabian Peninsula and Located in the southwest corner of Asia, the Kingdom is at the crossroads of Europe, Asia and Africa. -Saudi trade relationship. [21] . Saudi Arabia's Saudi Arabia is a country with a predominantly Muslim population; the state religion is Wahhabism, the ultraconservative form of Sunni Islam. The tariffs range from 10 percent on Oman, the UAE Saudi Arabia and other GCC countries like Kuwait, Bahrain and Qatar. Each box represents a product, with its size indicating import volume in terms of trade value and its color representing the tariff rate (lighter shades for lower tariffs, darker shades for higher tariffs). Aluminum ranks among the top 5 U. HS codes, customs tariff and VAT rates. Previously, Bahrain, Kuwait, Oman, Qatar, and the UAE used an eight-digit tariff code system, while Saudi Arabia used a 12-digit system. Jul 9, 2025 · Saudi Arabia’s Ministry of Finance has approved changes to the Integrated Customs Tariff Schedule for Gulf Cooperation Council (GCC) states. Visit the Definitions and Notes page to view a description of each topic. The United Arab Emirates, Qatar, and Saudi Arabia were subjected to the baseline 10%, while Jordan and Morocco were hit with tariffs up to 20%, and other countries like Algeria, Syria, Tunisia, and Iraq were hit with higher tariffs of 28-40%. -Saudi and OPEC dynamics Tariffs As a member of the Gulf Cooperation Council (GCC), Saudi Arabia applies the GCC common external tariff of five percent for most products, with a limited number of exceptions. Saudi Arabia was founded in 1932 by King Abdulaziz, who united Hejaz, Najd, parts of Eastern Arabia and South Arabia (Asir) into a single state through a series of military and political campaigns beginning in 1901. Apr 3, 2025 · Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman were all slapped with the baseline 10% tariff rate. Apr 10, 2025 · RIYADH: US tariffs imposed on Chinese goods are “abusive” and damaging to global supply chains, a diplomat from the Asian country to Saudi Arabia has said. Speaking at a media roundtable held Apr 28, 2025 · Oil prices have dropped over tariffs and tensions within OPEC+. Despite these longstanding accords, the new tariffs have Apr 5, 2025 · Trump's tariffs impact global markets, causing $5 trillion loss in S&P 500 value Countries like Australia, Britain and Saudi Arabia face immediate 10% tariff Exemptions include crude oil Apr 11, 2025 · Discussions focused strengthening bilateral economic and trade cooperation with Saudi Arabia and South Africa in the face of stiff US tariffs. As companies search for new markets due to increasing costs, people say the transportation sector will also be affected by this change. manufacturing. President Donald Trump's unexpected decision to temporarily suspend most of his Jan 9, 2025 · Increased US tariffs expected Short-term business increase Longer-term challenges Middle East exporters to the US are likely to see a short-term increase in business ahead of the much talked about trade tariffs which are expected to be announced when Donald Trump returns to the White House this month. Integrated TariffsThis service provides the beneficiary with a search for customs duties by browsing them or by the customs item number, description, chapter, or section. While Donald Trump has imposed a steep 245 percent tariff on imports from China Apr 13, 2025 · Saudi Arabia aims to capitalize on low U. 3. Apr 28, 2025 · Oil prices have dropped over tariffs and tensions within OPEC+. Image: Shutterstock The construction industry across the Middle East is bracing for hefty cost increases in the wake of sweeping new trade tariffs announced by Donald Trump this Saudi Gazette reportRIYADH — Saudi Arabia is poised to emerge stronger from the global trade shake-up triggered by the United States' sweeping tariff measures of 2025, with limited direct Apr 4, 2025 · Saudi Arabia and UAE are two of the largest exporters to the US and tariffs are set at the lowest 10%; additionally, oil, gas and refined products (which are a substantial portion of the exports) are exempt. 6% of the world's proven crude oil reserves. Feb 2, 2025 · Saudi Arabia's stock market ended lower on Sunday after U. It is surrounded by the Red Sea on the West, by Yemen and Oman on the South, the Arabian Gulf and the United Arab Emirates and Qatar on the East, and Jordan,Iraq and Kuwait on the North. Definition: Simple mean applied tariff is the unweighted average of effectively applied rates for all Apr 15, 2025 · Trump’s trade shift could disrupt global markets—but Saudi Arabia may face limited impact and find new opportunities. 5 million are illegal immigrants. What are the tariffs and customs duties applicable to goods manufactured in Saudi Arabia? 1. Apr 11, 2025 · China's Commerce Minister Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the United States' "reciprocal tariffs", the Chinese Apr 10, 2025 · The conversations took place over separate video calls on Thursday in which China discussed strengthening bilateral economic and trade cooperation with Saudi Arabia and South Africa. Up-to-date information of customs regulators. 1. Saudi Arabia applies a 12 percent tariff on 294 products, in some cases to protect local industries Feb 28, 2025 · The impact of Trump’s tariffs on the region The US is a top trading partner for most ME countries, with approximately 59 per cent of exports originating from Iraq, Saudi Arabia, Turkey and the UAE. Below table has data from UNCTAD TRAINS for Most Favored Nation (MFN) tariff and Applied tariff applied by Canada on imports from Saudi Arabia. May 13, 2025 · President Donald Trump arrived in Saudi Arabia today to begin his first major international trip of his second term. com is specialize in providing harmonized tariff numbers and commodity codes. Explore expert forecasts and historical data on economic indicators across 195+ countries. is imposing on other countries will range from a flat 10% rate to 50%, President Donald Trump announced. May 1, 2025 · Standard Chartered warns the price weakness may persist, citing Trump’s tariff policy, rising Kazakh and Iraqi output, and potential OPEC+ supply boosts despite tight inventory conditions. May 14, 2025 · Saudi-backed electric-vehicle maker Lucid Group Inc. Saudi Arabia - Tariff rate Tariff rate, applied, simple mean, manufactured products (%) Tariff rate, applied, simple mean, manufactured products (%) in Saudi Arabia was 4. What does that mean for Saudi Arabia’s “giga-projects?” SAUDI HS CODE HS-codes. Saudi Arabia increases customs duty rates on imports Apr 10, 2025 · Saudi Arabia's stock market led most of its Gulf peers higher early on Thursday, tracking global shares, after U. This development is particularly notable for Bahrain and Oman, both of which have maintained free-trade agreements with the US for over 15 years. The following outlines some statistics related to U.