Jeddah Islamic Port
Saudi Arabia posted a trade surplus of SAR 38.8 billion in August, data issued by the General Authority for Statistics (GASTAT) showed.
Total exports rose 59% year-on-year (YoY) in August to SAR 89.2 billion. Meanwhile, imports grew by 24% YoY to SAR 50.3 billion during the same period.
Oil exports surged by 74% to SAR 66.2 billion in August. Non-oil exports increased by 27% to SAR 22.95 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 |
82275 |
46018 |
36257 |
|
February |
63846 |
43044 |
20802 |
|
March |
45552 |
43319 |
2234 |
|
April |
38139 |
41790 |
(3651) |
|
May |
37335 |
36916 |
419 |
|
June |
44182 |
46143 |
(1961) |
|
July |
51085 |
40298 |
10786 |
|
August |
56120 |
40739 |
15380 |
|
September |
53375 |
41995 |
11380 |
|
October |
55902 |
43035 |
12867 |
|
November |
58806 |
48715 |
10092 |
|
December |
65335 |
45479 |
19857 |
|
January 2021 |
71937 |
47937 |
24000 |
|
February |
65814 |
40842 |
24972 |
|
March |
74776 |
50723 |
24053 |
|
April |
71710 |
49988 |
21723 |
|
May |
82192 |
45076 |
37116 |
|
June* |
84795 |
47351 |
37444 |
|
July* |
92064 |
47235 |
44828 |
|
August |
89168 |
50340 |
38828 |
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