KSA posts 18.7% jump in Q1 nonoil exports

June 22, 2014 1:24 am

Saudi Arabia’s General Statistical Department has said the kingdom’s nonoil exports rose by 18.7% in the first quarter of this year to SR54.82bn, compared with SR46.19bn during the same period a year earlier, Arab News has reported. The largest Arab economy imported goods worth SR152.15bn in the first quarter, down 3% from SR156.81bn during the same period in 2013. Petrochemicals accounted for 33.78% of the total exports during the reporting period with their value reaching SR18.52bn. GCC countries received Saudi products worth SR7.5bn, the report said.