Saudi non-oil exports jump to SAR 26.7 bn in July

Merchandise exports rose by 58.8% year on year
Saudi non-oil exports jump to SAR 26.7 bn in July
Container terminal

Saudi non-oil exports increased by 26.4 percent in July, reaching 26.7 billion riyals ($7.12 billion), up from 21.1 billion riyals in the same month in 2021.

The value of non-oil exports fell by 4 billion riyals, or 13 percent, according to data from the General Authority for Statistics (GASTAT).

Findings also revealed that merchandise exports rose by 58.8 percent year on year in July to 140.8 billion riyals, driven by a 69 percent increase in oil exports.

In July 2022, oil exports accounted for 81 percent of total exports, up from 76 percent compared to the same period in 2021.

Meanwhile, imports increased by 18.3 percent, totaling 8.5 billion riyals; their value reached 55.1 billion riyals in July 2018, up from 46.6 billion riyals in July 2021.

Moreover, imports fell in July by 5.8 billion riyals, or 9.5 percent, compared to June 2022.