Jeddah Islamic Port
Saudi Arabia posted a trade surplus of SAR 59.9 billion in October, data issued by the General Authority for Statistics (GASTAT) showed.
Trade surplus in October was the highest since January 2017.
Total exports rose 90% year-on-year (YoY) in October to SAR 106.2 billion. Meanwhile, imports grew by 8% YoY to SAR 46.3 billion during the same period.
Oil exports surged by 123% to SAR 82.4 billion in October. Non-oil exports increased by 25% to SAR 23.8 billion.
The table below highlights the development of trade balance, exports, and imports:
|
Saudi Arabia’s Trade Balance (SAR mln) |
|||
|
Period |
Exports |
Imports |
Trade Balance |
|
January 2020 |
82,275 |
46,018 |
36,257 |
|
February |
63,846 |
43,044 |
20,802 |
|
March |
45,552 |
43,319 |
2,234 |
|
April |
38,139 |
41,790 |
(3,651) |
|
May |
37,335 |
36,916 |
419 |
|
June |
44,182 |
46,143 |
(1,961) |
|
July |
51,085 |
40,298 |
10,786 |
|
August |
56,120 |
40,739 |
15,380 |
|
September |
53,375 |
41,995 |
11,380 |
|
October |
55,902 |
43,035 |
12,867 |
|
November |
58,806 |
48,715 |
10,092 |
|
December |
65,335 |
45,479 |
19,857 |
|
January 2021 |
71,937 |
47,937 |
24,000 |
|
February |
65,814 |
40,842 |
24,972 |
|
March |
74,776 |
50,723 |
24,053 |
|
April |
71,710 |
49,988 |
21,723 |
|
May |
82,192 |
45,076 |
37,116 |
|
June |
84,795 |
47,351 |
37,444 |
|
July |
92,072 |
47,303 |
44,769 |
|
August |
89,205 |
51,731 |
37,475 |
|
September |
94,667 |
47,425 |
47,241 |
|
October |
106,193 |
46,294 |
59,899 |
*Data is updated periodically.
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