The value of non-oil exports (including re-exports) during June 2022 reached SR30 billion, compared to SR24 billion during June 2021, with an increase of SR6 billion or 26.8%, new data from the General Authority for Statistics (GASTAT) showed.
Saudi Arabia’s non-oil exports surged by 31 % in the second quarter to SR86.2 billion ($22.9 billion) from SR65.8 billion in the same period last year, GASTAT said in a report.
The recent report stated that the revenues generated from the country’s oil rose by 75% during the first half compared to the same period last year, reaching SR434 billion ($115.7 billion), while non-oil revenues continued to grow in their performance, witnessing an increase of 5 %.
According to the report, overall exports went up by 75.2 percent year-on-year in June, from SR84.3 billion to SR147.7 billion, driven by a 94.1 percent surge in oil exports.
The value of merchandise imports in Saudi Arabia during June 2022 reached SR60 billion, compared to SR47 billion during June 2021, with an increase of SR13 billion or 28.9%.
On the other hand, the merchandise exports in Saudi Arabia during the second quarter of 2022 reached SR430 billion, compared to SR232 billion during the second quarter of 2021, with an increase of SR198 billion, a percentage of 85.1%.
The value of oil exports during the second quarter of 2022 reached (SR344 billion), compared to SR166 billion during the second quarter of 2021, with an increase of SR178 billion or 106.5%.
The non-oil exports (including re-exports) during the second quarter of 2022 reached SR86 billion, compared to SR66 billion during the second quarter of 2021, with an increase of SR20 billion or 31.0%.
The value of imports during the second quarter of 2022 reached SR171 billion, compared to SR140 billion during the second quarter of 2021, with an increase of SR31 billion or 21.7%.
