Saudi non-oil exports in January surges 27.5pc to $6.4bn

Saudi Arabia’s non-oil exports have witnessed a 27.5 per cent growth in January with the value surging to hit SR24.1 billion ($6.41 billion) compared to the last year's figures of SR18.9 billion ($5.03 billion), according to the General Authority for Statistics (GASTAT).


The most important non-oil goods were 'Plastics and Rubber and Articles Thereof' (32.7% of non-oil merchandise exports) with its exports up 28.9% to SR1.8 billion and 'Products of the Chemical or Allied Industries' (31.2% of non-oil merchandise exports) up 44.4% to SR2.3 billion from January last year, stated GASTAT in its international trade report for January 2022 issued today (March 24).


GASTAT said Saudi Arabia’s overall merchandise exports increased by 49.6% in January compared to last year and of this the share of oil exports increased from 73.7% in January last year to 77.6%. 


Compared to December 2021, the total merchandise exports increased by SR1 billion or 1.0%, it stated.


According to GASTAT, the value of exports surged to SR107.6 billion in January from SR71.9 billion last year. This increase originated mainly from oil exports, which rose by SR30.5 billion or 57.5% in the same period.


The overall merchandise exports too witnessed a 49.6% growth compared to January 2021, the GASTAT report added.


The most important imported commodities were 'Machinery and Mechanical Appliances; Electrical Equipment' (22.3% of total merchandise imports), and 'Products of the Chemical or Allied Industries' (15.0% of total merchandise imports).


According to the report, imports worth SR14.2 billion (around 27.4% of the total) entered the kingdom through Jeddah Islamic Sea Port followed by King Abdulaziz Port which saw 20.3% of the imports, King Khalid International Airport (12.7%), King Fahad Airport (6.1%) and Bat'ha (5.9%). 


These five ports together accounted for 72.3% of the total merchandise imports of the kingdom, it added.-TradeArabia News Service




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