Arab, Chinese Bilateral Trade Hits $240 Billion in 2020

Published April 8th, 2021 - 06:00 GMT
Arab, Chinese Bilateral Trade Hits $240 Billion in 2020
Saudi Arabia, the United Arab Emirates and Iraq are the largest Arab trading partners with China. (Shutterstock)
Highlights
China is a major importer of crude oil from the region
Arab-Chinese trade reached $240 billion in 2020, SPA reported citing a statement from the General Secretariat of the Arab League in Cairo.

Saudi Arabia, the United Arab Emirates and Iraq are the largest Arab trading partners with China, it said.

It issued a statement after a gathering of Arab and Chinese business leaders in Beijing.

China is a major importer of crude oil from the region.

The conference discussed promoting economic integration, raising the level of cooperation, achieving development in the digital economy, and growing Chinese-Arab investment opportunities.


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