Saudi oil exports hit SAR 53.9 bln in March

The value of Saudi Arabia’s oil exports reached around SAR 53.9 billion during March 2017, up 43 percent year-on-year (YoY), official data showed.

In March, oil exports increased by around SAR 699 million month-on-month (MoM).

Oil exports accounted for 76.7 percent of total exports for the month which reached SAR 70.2 billion.

According to the General Authority for Statistics, the Kingdom’s oil exports for Q1-2017 stood at SAR 162.1 billion, a rise of 67 percent YoY.

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%)	70.2 %
April	38,452	(32.9%)	73.0 %
May	46,622	(23.7%)	73.8 %
June	45,237	(16.5%)	75.3 %
July	45,121	(14.1%)	78.4%
August	44,339	(2.1%)	73.4%
September	43,924	+7.2%	76.4 %
October	51,513	+28.8%	76.5 %
November	46,220	+15.2%	75.2 %
December	52,146	+41.6%	76.6 %
January 2017	55,109	+88.5%	79.7 %
February	53,164	+75.3%	80.8 %
March	53,863	+43.2%	76.7 %

* Saudi General Authority for Statistics has recently updated oil exports data.

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