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Saudi Arabia’s non-oil exports rise by 8%

Saudi Arabia: Monday, August 16 - 2010 @ 10:28

Plastic products represented 32% of total Saudi exports, at a total value of SR3.08bn and were the highest valued exported goods from the Kingdom, followed by petrochemical products at 28% with a value of SR2.692bn and re-exported goods with a total value of 1.217bn, representing 13% of the value of Saudi Arabia’s exports last April. Food products were valued at SR929m and the rest of the goods stood at SR1.162bn.

GCC states were the most prevalent importers of Saudi Arabia’s non-oil goods, according to a report issued by the General Statistics and Information Department on the Kingdom’s exports and imports during April. A total of 27% of Saudi exports were to GCC countries, followed by non-Arab and Islamic Asian countries which represented 26%. Other Arab League states made up 21%, while the European Union accounted for 11% of exports. Non-Arab Muslim states exported 9% of Saudi goods and other groups made up the final 6%.

UAE ranked as top importer to Saudi Arabia

The United Arab Emirates ranked first on the list of countries importing non-oil goods from the Kingdom last April, accounting for 12% of exports at a total value of SR1.127bn.

China was second on the list with SR776m worth of exports, followed by Singapore with SR603m or 6%. Qatar and India were also large importers of Saudi goods. The United States was the biggest exporter to Saudi Arabia during the month of April with a total value of $3.801bn of exports to Saudi Arabia, followed by China with SR3.245bn riyals, Japan, Germany and South Korea were also high on the list of countries exporting to Saudi.

Saudi non oil exports in March at 11.4 billion riyals

In March this year, total non-oil exports from the Kingdom stood at SR11.41 bn. The value of imports during the same month stood at SR29.981bn.Petrochemical products represented 31% of Saudi exports, followed by plastic products with 30% of exports.

T he most prevalent importers in March were the Asian non-Arab countries, which accounted for 32% of Saudi exports last March, followed by the Gulf Arab states with 24%, countries of the League of Arab States with 19% and EU countries with 11%.

Machinery, equipment and electrical equipment accounted for 28 per cent of non-oil imports to the Kingdom last March with a total value of SR8.383bn. Transportation equipment valued at SR5.345bn was exported along with food worth SR4.535bn.

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Monday, August 16- 2010 @ 10:28 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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