Saudi Arabia

• Trade between Thailand and Saudi Arabia has increased by over 20% after restoring diplomatic relations in 2022.
• Saudi Arabia requires raw materials and industrial products from Thailand due to its remarkable economic and social advancements.
• Thailand plans to introduce new products to the Saudi market through the signing of MOUs, the establishment of the Thai-Saudi Business Council, and the showcase of Thai products in Saudi exhibitions.

Following the re-establishment of diplomatic relations between Thailand and Saudi Arabia in 2022, trade between the two nations has seen a significant upswing. Thailand's exports to Saudi Arabia surged by over 20% last year. The Director of the Thai Trade Office in Jeddah, Apichat Prasertsud, shed light on this economic progress.