Value of Saudi oil exports hits SAR 53.2 bln in February

24/04/2017 Argaam Special

The value of Saudi Arabia’s oil exports reached around SAR 53.2 billion during February 2017, rising 75 percent year-on-year (YoY), official data showed.

In February, oil exports dropped by around SAR 1.9 billion month-on-month (MoM).

According to the General Authority for Statistics, the kingdom’s oil exports for February 2017 amounted to 80.8 percent out of Saudi’s total exports reaching SAR 65.8 billion. 

Saudi Oil Exports

Period

Value (SAR mln)

Y-o-Y Variance

Oil exports/total exports

January 2016

29,231

(30.1%)

69.7 %

February

30,321

(35.6%)

68.7 %

March

37,605

(33.1%)

70.9 %

April

38,450

(32.9%)

72.8 %

May

46,576

(23.8%)

74.1 %

June

45,236

(16.5%)

75.5 %

July

45,121

(14.1%)

78.5 %

August

44,339

(2.1%)

73.7 %

September

43,924

+7.2%

77.0 %

October

51,510

+28.8%

77.5%

November

46,217

+15.2%

76.2 %

December

52,144

+41.6%

77.7 %

January 2017

55,109

+88.5%

79.7%

February

53,164

+75.3%

80.8%


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