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Saudi Arabia posts SR19.9bn in December nonoil exports

: Monday, February 24 - 2014 @ 01:34

According to a report by Saudi Arabia’s National Commercial Bank (NCB), the country’s nonoil exports grew 9.2% year-on-year in December, as returns reached SR19.9bn, Arab News has reported. Stimulated economic activity in China and developed economies created a growth spurt in global demand for input materials, including the kingdom’s exports of plastics and base metals, the bank said. On the other hand, the bill of imports fell 6.5% year-on-year to SR49.2bn. This monthly development narrows the balance of trade gap by 14.8% compared to last annum, NCB said.

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Monday, February 24- 2014 @ 1:34 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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