Saudi merchandise exports jump 49.6% in January

RIYADH – Saudi Arabia recorded a 49.6% increase in its merchandise exports in January compared to the same period last year, the General Authority for Statistics (GaStat) has revealed.

GaStat said the value of goods exports stood at around SR 107.6 billion, up from SR 71.7 billion in the same period last year.

The increase in merchandise exports is the result of an increase in oil exports of SR 30.5 billion, or 57.5 percent, GaStat confirmed.

Oil exports accounted for 77.6% of total exports last January, compared to January 2021, when they reached 73.7% at the time.

While GaStat data showed a rise in non-oil exports in January of 27.5%, with a value of SR 24.1 billion, compared to SR 18.9 billion during the same period in 2021.

The ratio of non-oil exports to imports registered an increase of 46.5%, compared to 39.4% in January 2021, GaStat said, noting that this increase is the result of the increase in non-oil exports of 27.5%. %, compared to the increase in imports of 8.1%.

China tops the list of countries receiving Saudi goods, with a value of SR17.3 billion,

India comes next with SR11.9 billion, followed by South Korea with SR11.1 billion. Next come, respectively, Japan, the United Arab Emirates, America, Taiwan, Singapore, Egypt and Bahrain.

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