Saudi oil exports hit SAR 53.9 bln in March

28/05/2017 Argaam Special

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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