Saudi Arabia’s non-oil exports increased 26.4% last July year-on-year.
Data from the General Authority for Statistics showed on Wednesday that growth in non-oil exports, which includes re-exports, reached about 26.7 billion riyals ($ 7.12 billion) in July, up from 21. , 1 billion riyals ($ 5.62 billion) in the same period in 2021.
The increase in oil exports to Saudi Arabia by 68.9% in July contributed to the increase in the total value of exports of goods to the Kingdom by 58.8% year on year. oil to Saudi Arabia’s total exports also jumped to 81.1%.
The value of Saudi exports in July was 140.8 billion riyals ($ 37.54 billion), up from 88.7 billion riyals ($ 23.65 billion) in July 2021, according to International Trade data. July report issued by the authority..
Total imports amounted to 55.1 billion riyals ($ 14.69 billion) in July, up 18.3% year-on-year, and the trade balance reached a surplus of 86 billion riyals (22 , 93 billion dollars).
(Prepared by: Shaima Hefzy, Editing: Reem Shams El-Din, contact [email protected])
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