Saudi Arabia Trade Finance Market Overview
Market Size in 2024: USD 514.0 Million
Market Forecast in 2033: USD 693.7 Million
Market Growth Rate 2025-2033: 3.14%
According to IMARC Group’s latest research publication, “Saudi Arabia Trade Finance Market Report by Finance Type (Structured Trade Finance, Supply Chain Finance, Traditional Trade Finance), Offering (Letters of Credit, Bill of Lading, Export Factoring, Insurance, and Others), Service Provider (Banks, Trade Finance Houses), End User (Small and Medium-sized Enterprises, Large Enterprises), and Region 2025-2033”, the Saudi Arabia trade finance market size reached USD 514.0 Million in 2024. The market is projected to reach USD 693.7 Million by 2033, exhibiting a growth rate (CAGR) of 3.14% during 2025-2033.
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How AI is Reshaping the Future of Saudi Arabia Trade Finance Market
- AI-powered platforms in Saudi Arabia’s trade finance sector have slashed transaction processing times by up to 60%, improving cash flow and accelerating deal closures for businesses.
- Banks such as Al Rajhi deploy AI-driven fraud detection systems that reduce trade finance fraud incidents by over 35%, safeguarding ecosystem integrity and client trust.
- The Saudi government’s Vision 2030 supports comprehensive digitization of trade finance through platforms like Etimad and BwaTech, enabling real-time compliance and seamless cross-border transactions.
- AI enhances risk assessment accuracy in Saudi trade finance, predicting default probabilities with more than 85% accuracy, enabling lenders to optimize credit allocation and reduce losses.
- Automated document processing using AI cut paperwork bottlenecks by 50%, streamlining workflows and advancing Saudi Arabia’s push to become a regional digital trade hub.
Saudi Arabia Trade Finance Market Trends & Drivers:
Saudi Arabia’s trade finance market is booming thanks to Vision 2030, which is pushing hard to diversify the economy away from oil and ramp up non-oil exports. In 2024, those non-oil exports hit a record $137 billion, up 13% from the year before, showing how seriously the Kingdom is building new sectors like manufacturing, petrochemicals, and renewables. Government programs like the Saudi EXIM Bank’s recent deal with the IFC are supercharging this by offering better financing for exporters, while initiatives such as Tawteen localize supply chains with giants like Aramco and SABIC. The SIDF’s SME-Up program stretches loan terms and cuts upfront costs by up to 30%, making it easier for smaller businesses to jump into global trade without getting bogged down by cash flow issues. Mega projects like NEOM and Riyadh Metro are pulling in imports and exports, demanding more letters of credit and supply chain finance to keep everything moving smoothly. This mix of bold policies and real support is turning Saudi into a trade powerhouse, drawing in foreign investment and creating a vibrant ecosystem where businesses thrive on cross-border deals.
Digital tech is shaking up trade finance in Saudi Arabia, making deals faster, safer, and way more transparent—think blockchain, AI, and e-platforms that cut out the old paper chase. Banks like Al Rajhi are rolling out AI tools that slash processing times by 60% and drop fraud by over 35%, while blockchain registrations for businesses exploded 51% to 4,005 firms in Q2 2025 alone. SAMA’s partnerships with fintechs are bringing blockchain solutions that speed up cross-border settlements, and the government’s pumping over $1.5 billion into digital shifts under Vision 2030. Platforms like Etimad from the Ministry of Finance have digitized procurement, speeding transactions by 40% and opening doors for SMEs who couldn’t compete before. Real-world wins include Saudi Exports’ new initiative that trims SME approval times by 40%, letting more local firms export without headaches. This tech wave isn’t just efficiency—it’s building trust, lowering costs, and positioning Saudi as the MENA digital trade leader, where a simple click handles what used to take weeks.
Islamic finance is gaining huge traction in Saudi’s trade scene, perfectly matching the region’s love for Sharia-compliant options that feel ethical and secure. Tools like Sukuk and asset-backed guarantees are everywhere in petrochemicals, manufacturing, and agribusiness, fueled by strategic ports and free zones that smooth customs and docs. Non-oil exports jumped 24.6% year-over-year to SR28.36 billion ($7.56 billion) in April 2025, with Islamic structures handling much of that volume to keep risks low. Saudi EXIM saw a 128% leap in non-oil export financing last year, and fresh agreements like SABIC’s insurance deal cover sales in over 40 countries. For SMEs, SIDF guarantees on working capital make these products accessible, supporting sectors from mining to tech infrastructure. This trend ties into Vision 2030’s sustainability push, blending faith-based principles with modern trade to attract global partners who value responsible deals.
Saudi Arabia Trade Finance Industry Segmentation:
The report has segmented the market into the following categories:
Finance Type Insights:
- Structured Trade Finance
- Supply Chain Finance
- Traditional Trade Finance
Offering Insights:
- Letters of Credit
- Bill of Lading
- Export Factoring
- Insurance
- Others
Service Provider Insights:
- Banks
- Trade Finance Houses
End User Insights:
- Small and Medium-sized Enterprises
- Large Enterprises
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Recent News and Developments in Saudi Arabia Trade Finance Market
- September 2025: Al Rajhi Bank launched an AI-driven trade finance platform, reducing fraud by 35% and cutting document processing times by 50%.
- August 2025: Ministry of Finance expanded Etimad platform integration, accelerating trade transaction approvals by 40% and enhancing transparency in government procurement.
- July 2025: Blockchain-based cross-border trade solution deployed, streamlining compliance and enabling real-time tracking of Saudi Arabia’s international trade finance flows.
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