Saudi Arabia is a priority market for Polish exports
Saudi Arabia is emerging as a key market for Polish exports due to its strong economic growth and favorable trading conditions.
Saudi Arabia currently ranks 19th among the largest economies in the G20, with Poland following closely in 20th position. The Kingdom is experiencing rapid GDP growth, low inflation, and a stable job market, making it an attractive prospect for foreign trade. As of 2022, Saudi Arabia also had the highest population growth rate within the G20 and was the fastest-growing economy, indicating a young and dynamic society poised for further development.
In 2023, Saudi Arabia reported the second-lowest debt-to-GDP ratio among G20 nations, alongside the lowest inflation rate, and ranked second for GDP per capita within this group. Additionally, the nation boasts the seventh-largest foreign exchange reserves worldwide, enhancing its economic stability and appeal as a trading partner. These indicators highlight the Kingdom's ongoing commitment to maintaining a favorable economic environment, which is driving increased interest in its markets.
As Poland's largest trading partner in the Arab world and a prominent player in the Middle East and North Africa region, the bilateral trade value between Poland and Saudi Arabia reached $12 billion in 2024. This strong trade relationship underscores the significance of Saudi Arabia in Poland's export strategy, offering opportunities for growth and collaboration in various sectors.