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Trade
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Modern ports capable of handing containerized and regular cargo facilitate imports and exports. |
Saudi Arabia is the 19th largest exporter and the 20th largest import market in the world. Exports, which have increased tenfold during the last two decades to 47.7 billion dollars in 1992, now represent all economic sectors. Annual non-oil exports have increased from 7.46 million dollars in 1970 to 4.08 billion dollars at the beginning of 1992. Statistics indicate that industrial exports between 1984 and 1992 increased sevenfold for manufactured and metal products, twofold for plastics and chemicals, 21- fold for textiles and sevenfold for processed foods.
Saudi Arabia's growth will continue under the Sixth Development Plan (1995-99) and beyond. The plan calls for expanding the private sector and increasing the efficiency of existing services. lt also provides for improving the quality of education to enable future generations of citizens to better contribute to their country's continued development
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