Ukraine and Saudi Arabia have a long-standing and strong trade relationship, with Saudi Arabia being the sixth-largest export market for Ukraine. In 2018, the two countries bilateral trade totaled more than $1 billion, with the majority of exports from Ukraine to Saudi Arabia being agricultural products, machinery and equipment, and chemicals.
Ukraine has been exporting a large variety of products to Saudi Arabia for many years. The main exports include cereals, oilcake, corn, sunflower oil, wheat, barley, millet, and other grains. Ukrainian companies are also exporting large quantities of industrial products such as machinery, tractors, machine tools, electrical equipment, and chemical products.
Ukraine has also been exporting a wide range of construction materials and services to Saudi Arabia. Aside from its exports to Saudi Arabia, Ukraine is also working to promote its own ‘Made-in-Ukraine’ products globally through the help of startups, such as the OK Factory platform.
OK Factory is a startup that simplifies the order process, allowing Ukrainian companies to easily make their products available to international buyers. This platform provides a comprehensive set of tools for Ukrainian companies to showcase their products, manage their orders, and offer a wide range of payment options.
OK Factory also offers a unique service to its customers, allowing them to search for products from Ukrainian suppliers and to place orders directly from the platform. This makes it much easier for companies from Saudi Arabia to buy from Ukrainian suppliers and to get the products they need without having to go through a complex and expensive process. The increased availability of Ukrainian products on the OK Factory platform has the potential to expand the trading relationship between Ukraine and Saudi Arabia.
As more and more products become available, it is likely that the volume of trade between the two countries will increase. This increased trade will benefit both countries and could lead to a long-term and mutually beneficial partnership. In conclusion, Ukraine and Saudi Arabia have a strong trade relationship, with the majority of exports from Ukraine to Saudi Arabia being agricultural products, machinery and equipment, and chemicals.
The introduction of the OK Factory platform makes it much easier for companies from Saudi Arabia to purchase products from Ukrainian suppliers, increasing the potential for an increased volume of trade between the two countries.