Saudi non-oil exports edge up 2% in April

03/07/2017 Argaam Special

Saudi Arabia’s non-oil exports rose 2 percent year-on-year (YoY) to SAR 14.5 billion in April 2017, data from the Kingdom’s General Authority for Statistics showed.

 

When compared to the previous month, however, non-oil exports fell by SAR 1.9 billion in April.

 

Saudi Non-oil Exports  (SAR bln)

Variation

2017

2016

Month

+10%

14.019

12.708

January

(9%)

12.623

13.838

February

+2%

16.336

15.998

March

+2%

14.464

14.194

April

--

--

16.573

May

--

--

14.864

June

--

--

12.438

July

--

--

16.095

August

--

--

13.537

September

--

--

15.820

October

--

--

15.250

November

--

--

15.894

December

 

The rise in non-oil exports in April was attributed to a 7 percent YoY increase, or SAR 297 million, in exports of plastics and rubber products, as well as a YoY rise of 10 percent or SAR 117 million in the exports of base metals.

 

The United Arab Emirates was the top destination market for Saudi products, followed by China, Singapore, India, and Kuwait. The five countries accounted for 42.2 percent of the Kingdom’s total non-oil exports in April.

 

Non-oil Exports by Sector (SAR mln)

Variation (%)

Variation value

2017

2016

Product

+7%

+297

4,657

4,360

Plastics, rubber products

(2%)

(73)

3,877

3,950

Chemical industry products

+10%

+117

1,311

1,195

Base metals

(10%)

(123)

1,131

1,254

Transport equipment

+13%

+109

938

829

Machinery, equipment, electric appliances

(4%)

(21)

527

549

Food, beverages & tobacco

+0.5%

+2

494

492

Livestock

(25%)

(88)

263

352

Pearls & precious stones

(10%)

(25)

228

253

Paper products

+8%

+76

1,037

961

Others

+2%

+270

14,464

14,194

Total

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