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Saudi nonoil exports up 14.5% to SR50.69bn in Q3  Join our daily free Newsletter

MENAFN - Arab News - 04/01/2014

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(MENAFN - Arab News) Saudi nonoil exports rose by 14.5 percent to reach SR50.69 billion in the third quarter of 2013 compared to the figures of the same period last year, according to a report released by the Central Department of Statistics and Information (CDSI).

According to the CDSI report, Saudi nonoil imports increased by 3.9 percent to reach SR153.84 billion in Q3, 2013 compared to SR148.03 billion in Q3, 2012 but, however, dropped by 8 percent compared to the Q2, 2013 figures.
Referring to the 2012 figures, the CDSI report said the value of Saudi exports reached SR1.45 trillion, an increase of 6.5 percent compared to figures of 2011.

Raw items captured the highest value of Saudi exports in 2012 totaling SR1.18 trillion, or 81.2 percent of total exports, followed by semi-finished products at SR142.35 billion and finished products at SR131.58 billion, the CDSI report said.

Non-Arab and Islamic Asian countries received the highest portion of Saudi exports at the value of SR784.39 billion, or 53.9 percent of the total exports, Japan being the highest at SR192.20 billion, followed by China at SR188.22 billion, the report said.

North American countries came second in rank to have received Saudi exports in 2012, or 15 percent of total exports. The United States was the largest importer of Saudi products at SR208.33 billion, followed by Canada at SR9.75 billion, the report added.

According to the report, the European Union (EU) countries came third in rank for Saudi imports at valued at SR176.21 billion, or 12.1 percent of the total exports. Italy's imports from the Kingdom were the highest among the EU member countries at SR39.32 billion, followed by the Netherlands at SR33.29 billion.

The GCC (Gulf Cooperation Council) countries were in the fourth rank to have received the Saudi exports at the value of SR96.34 billion, or 6.6 percent of the total exports.
Bahrain was the biggest importer from Saudi Arabia at SR39.12 billion, followed by the UAE at SR38.92 billion, the report said.

 






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