Saudi non-oil exports fell 9% in February

24/04/2017 Argaam Special

Saudi Arabia’s non-oil exports fell 9 percent year-on-year (YoY) to SAR 12.6 billion in February 2017, data from the kingdom’s General Authority for Statistics showed.

 

Non-oil exports fell by SAR 1.4 billion in February compared to the previous month.

 

Saudi non-oil exports  (SAR mln)

Variation

2017

2016

Month

+10.3%

14,019

12,708

January

(9%)

12,623

13,838

February

--

--

15,426

March

--

--

14,398

April

--

--

16,315

May

--

--

14,674

June

--

--

12,375

July

--

--

15,821

August

--

--

13,089

September

--

--

14,989

October

--

--

14,397

November

--

--

14,938

December

 

The decrease was attributed to a decline in exports of pearl and precious stones by around SAR 352 million, and a SAR 293 million drop in transport equipment and parts exports in February.

 

The United Arab Emirates was the top export market for Saudi products, followed by China, India, Bahrain and Singapore. The five countries accounted for 39.1 percent of the kingdom’s total non-oil exports in February.

 

Non-oil exports by sector (SAR mln)

Variation (%)

Variation value

2017

2016

Product

(1%)

(40)

3,965

4,005

Plastics, rubber products

(7%)

(286)

3,585

3,871

Chemical industry products

(19%)

(293)

1,232

1,524

Transport equipment

+1%

+12

1,141

1,129

Base metals

(9%)

(56)

591

647

Machinery, equipment, appliances

+2%

+10

459

449

Livestock

(10%)

(44)

412

455

Food, beverages & tobacco

(62%)

(352)

216

568

Pearls & precious stones

(12%)

(26)

198

224

Paper products

(15%)

(140)

826

967

Others

(9%)

(1,215)

12,623

13,838

Total

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