China, Saudi trade reaches record high of $73.4 bln

The trade between China and Saudi Arabia reached the highest level of 73.4 billion U.S. dollars in 2012, an increase by 14 percent as compared with the previous year, according to Al Riyadh newspaper on Wednesday.

China has been marked for years as the largest trade partner for Saudi Arabia with 18.45 billion U.S. dollars of exportation and 54.95 billion dollars importation, the Chinese Ambassador Li Zhiwen told the newspaper.

He explained that the largest trade item between the two countries is the importation of Saudi petrol to China.