Saudi Arabia’s commodity exports declined for the fourth consecutive year by 10 percent year-on-year (YoY) to SAR 688.4 billion in 2016, the lowest level in 11 years, data of the General Authority for Statistics (GAS) showed.
|
Saudi commodities exports (SAR bln) |
||
|
Period |
Value |
Y-o-Y variation |
|
2005 |
677.14 |
-- |
|
2006 |
791.34 |
+17% |
|
2007 |
874.40 |
+10% |
|
2008 |
1,175.48 |
+34% |
|
2009 |
721.11 |
(39%) |
|
2010 |
941.79 |
+31% |
|
2011 |
1,367.62 |
+45% |
|
2012 |
1,456.50 |
+6% |
|
2013 |
1,409.52 |
(3%) |
|
2014 |
1,284.12 |
(9%) |
|
2015 |
763.31 |
(41%) |
|
2016 |
688.42 |
(10%) |
The decline was attributed to an 11 percent YoY fall in oil exports – which accounted for 74.2 percent of total exports – to SAR 510.7 billion.
Meanwhile, non-oil exports also slipped 6 percent YoY to SAR 177.7 billion.
|
Saudi oil and non-oil exports (SAR bln) |
|||||
|
Non-oil exports |
Oil exports |
||||
|
Period |
Value |
YoY variation |
Value |
YoY variation |
|
|
2007 |
104.47 |
+22% |
769.94 |
+9% |
|
|
2008 |
121.62 |
+16% |
1,053.86 |
+37% |
|
|
2009 |
109.62 |
(10%) |
611.49 |
(42%) |
|
|
2010 |
134.61 |
+23% |
807.18 |
+32% |
|
|
2011 |
176.57 |
+31% |
1,191.05 |
+48% |
|
|
2012 |
190.95 |
+8% |
1,265.55 |
+6% |
|
|
2013 |
202.44 |
+6% |
1,207.08 |
(5%) |
|
|
2014 |
217.03 |
+7% |
1,067.09 |
(12%) |
|
|
2015 |
189.90 |
(13%) |
573.41 |
(46%) |
|
|
2016 |
177.69 |
(6%) |
510.73 |
(11%) |
|
The drop in commodities exports last year came mainly due to a fall of 11 percent YoY (or SAR 62.6 billion) in metal products to SAR 512.3 billion. Metal products represented 74 percent of total commodity exports.
Chemical exports also saw a 14 percent YoY drop to SAR 50.4 billion in 2016.
China was the Kingdom’s top importer last year, with total imports of SAR 79.9 billion. It was followed by Japan (SAR 72.3 billion) and the United States (SAR 66.1 billion). The ten countries accounted for 68.6 percent of the Kingdom’s total commodity exports in 2016.
|
Saudi non-oil exports (SAR bln) |
||||
|
Variation percentage |
Variation value |
2016 |
2015 |
Product |
|
(11%) |
(62.6) |
512.3 |
574.8 |
Metal products |
|
(3%) |
(1.8) |
56.0 |
57.8 |
Plastics, rubber products |
|
(14%) |
(8.4) |
50.4 |
58.8 |
Chemical industry products |
|
(10%) |
(1.7) |
15.8 |
17.5 |
Transport equipment |
|
(6%) |
(1.0) |
14.2 |
15.1 |
Base metals |
|
(3%) |
(0.4) |
10.4 |
10.8 |
Machinery, equipment, appliances |
|
+4% |
+0.2 |
6.0 |
5.8 |
Live animals and its products |
|
(6%) |
(0.4) |
5.9 |
6.3 |
Food, beverages and tobacco |
|
+75% |
+1.9 |
4.5 |
2.6 |
Pearls and precious stones |
|
(7%) |
(1.0) |
12.9 |
13.8 |
Others |
|
(10%) |
(74.9) |
688.4 |
763.3 |
Total |
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