Saudi Arabia posts SAR 59.9 bln trade surplus in October

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.

Details and Historical Data of Imports and Exports

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