Saudi Arabia posts SAR 59.9 bln trade surplus in October

27/12/2021 Argaam Special

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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