The development of logistics and the improvement of performance in the volume of trade and the trade balance in the Kingdom of Saudi Arabia: A comparative study between the years 2007-2023

Abstract

One of the goals of Vision 2030 is to transform the Kingdom into a leading industrial power and a global logistics hub, and to this end, the Ministry of Transport and Logistics has developed an ambitious strategy aimed at developing the transport and logistics sector in the country, especially in light of the increasing global demand for logistics services. The Vision 2030 plan is leading massive investments and expansions in all sectors of the economy, and logistics infrastructure is being set up to increase private sector participation,. Given that The study aimed to know the extent of development in logistical performance in the Kingdom and its role in improving the trade balance and trade volume during the period (2007-2023) and the most important problems addressed by the research were there an impact on the development of logistical performance and improving the trade balance The volume of trade of the Kingdom of Saudi Arabia, and the most important hypotheses where there is a statistically significant relationship between logistical performance and improving the trade balance of the Kingdom of Saudi Arabia and to reach a solution to the problems that the research was exposed to, the research was addressed in three sections:  The nature of logistics services - trade balance - international trade - statistics on the volume of trade and trade exchange (2007-2023)The second topic: the nature of the logistics performance index and the evaluation of the role of the Kingdom's performance in it and the Kingdom's strategy in logistics services. The third topic: statistical analysis of the extent of development of the logistical performance of the Kingdom and its impact on improving the volume of international trade balance and the volume of international trade The results of the statistical analysis showed that there is a positive impact between the development of the Kingdom's logistical performance and the improvement of the trade balance and the volume of trade, which confirms that the trend to rely on the development of logistics services will have a fairly good return on the trade balance and the volume of trade and thus increase  the   recovery and progress of the economy.