ABSTRACT:- This study examines the determinants and economic performance of non-oil exports in Saudi Arabia from 2000 to 2025, providing comprehensive econometric evidence on the Kingdom’s diversification efforts under Vision 2030. Using annual time series data and advanced econometric techniques in EViews, we analyze the relationship between non-oil exports and key macroeconomic variables including real effective exchange rate (REER), foreign GDP, domestic non-oil GDP, and trade competitiveness indicators. Our findings reveal that Saudi Arabia’s non-oil exports reached an unprecedented SR515 billion (USD137 billion) in 2024, representing a 113% increase since Vision 2030’s launch. The results demonstrate significant positive long-run relationships between non-oil exports and MENA countries’ GDP, domestic production capacity, and currency competitiveness. The study contributes to the literature by providing the first comprehensive econometric analysis covering the recent period of economic reforms and offers policy insights for achieving the Vision 2030 target of increasing non-oil exports from 16% to 50% of non-oil GDP by 2030.

Keywords: Non-oil exports, Saudi Arabia, Vision 2030, Economic diversification, REER, Cointegration analysis, EViews

JEL Classification: F14, F43, C22, O53, O24