AI Summary
Saudi Arabia’s non-oil exports fell 11 percent year-on-year (YoY) in February to SAR 13.1 billion, new data from the kingdom’s General Authority for Statistics showed.
Non-oil exports increased by SAR 578 million in February, compared to the previous month.
|
Saudi Non-oil Exports (SAR mln) |
|||
|
Month |
2015 |
2016 |
Change YoY |
|
January |
16,111 |
12,528 |
( 22% ) |
|
February |
14,762 |
13,106 |
( 11% ) |
|
March |
16,588 |
-- |
-- |
|
April |
16,489 |
-- |
-- |
|
May |
15,746 |
-- |
-- |
|
June |
15,847 |
-- |
-- |
|
July |
16,235 |
-- |
-- |
|
August |
16,286 |
-- |
-- |
|
September |
13,645 |
-- |
-- |
|
October |
15,415 |
-- |
-- |
|
November |
15,842 |
-- |
-- |
|
December |
16,656 |
-- |
-- |
The decline was fueled by a SAR 883 billion drop in rubber and plastic product exports during the month, in addition to a SAR 338 million decline in chemical product exports.
|
Non-Oil Exports by Sector (SAR mln) |
||||
|
Product |
Feb. 2015 |
Feb. 2016 |
Change |
Change |
|
Plastics, rubber products |
4,850 |
3,967 |
(883) |
(18%) |
|
Chemical industry products |
3,671 |
3,333 |
(338) |
(9%) |
|
Transport equipment |
1,655 |
1,495 |
(160) |
(10%) |
|
Ordinary metals |
1,273 |
1,101 |
(172) |
(14%) |
|
Machinery, equipment, appliances |
962 |
639 |
(323) |
(34%) |
|
Pearls, precious stones & metals |
225 |
567 |
+342 |
+152% |
|
Live animals |
548 |
441 |
(107) |
(20%) |
|
Food & beverages |
507 |
440 |
(67) |
(13%) |
|
Paper products |
250 |
223 |
(27) |
(11%) |
|
Others |
824 |
899 |
+75 |
+9% |
|
Total |
14,762 |
13,106 |
(1656) |
(11%) |
The UAE was the top export market for Saudi products, followed by China, Bahrain, Indian and Singapore. The five countries accounted for 40.2 percent of the kingdom’s total non-oil exports in February.
|
Top 5 Importers in February (SAR mln) |
|||
|
Country |
2015 |
2016 |
Change |
|
UAE |
2,025 |
2,160 |
+7% |
|
China |
1,678 |
1,125 |
(33%) |
|
Bahrain |
673 |
727 |
+8% |
|
India |
799 |
670 |
(16%) |
|
Singapore |
610 |
588 |
(4%) |
|
Total |
5,784 |
5,270 |
(9%) |
|
Ratio to total exports |
39.18% |
40.21% |
-- |
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