Saudi Arabia’s non-oil exports increase by 16.6% to $7bn in August: GASTAT

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RIYADH: Saudi Arabia’s non-oil exports increased by 16.6 percent to SR26.8 billion ($7.13 billion) in August 2022, compared to SR23 billion recorded during the same period last year, according to the latest data released by the General Authority for Statistics.

In its report, GASTAT noted that the Kingdom’s non-oil exports were driven by chemical and allied industries, accounting for 35.5 percent of non-oil merchandise exports in August.

The report further pointed out that overall merchandise exports increased by 49.1 percent in August to SR133.7 billion, up from SR89.7 billion in August 2021.

The Kingdom’s merchandise imports increased by 20 percent in August to SR61 billion compared to SR50.8 billion in the same period last year.

The report added that the most imported merchandise in August were machinery, mechanical appliances, and electrical equipment parts, which accounted for 19.6 percent of total merchandise imports.