Leading exports in Saudi Arabia:petroleum & petroleum productsLeading exports in Israel:machinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel.Which statement describes the potential trading relationship between Saudi Arabia and Israel?

HISTORY OF THE MIDDLE EAST

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Since they both specialize, they do not make good trading partners
B	Because hey specialize in different goods, they could make good trading partners.
C	They do not use the same currency; therefore it is impossible for them to trade.
D	Petroleum is always worth more than Israel’s exports so the countries should not trade.

Explanation:

Detailed explanation-1: -Israel Exports to Saudi Arabia was US$55 Thousand during 2022, according to the United Nations COMTRADE database on international trade. Israel Exports to Saudi Arabia-data, historical chart and statistics-was last updated on April of 2023.

Detailed explanation-2: -Major commodities of export from India to Saudi Arabia include engineering goods, rice, petroleum products, chemicals, textiles, food products, ceramic tiles. Whereas, major commodities of import for India from Saudi Arabia are crude oil, LPG, fertilizers, chemicals, plastic and products thereof etc.

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