المملكة العربية السعودية الميزان التجاري

Saudi Arabia’s trade surplus narrowed to SAR 28 billion in August 2024, down from SAR 35.4 billion in the same month of the previous year. Year-on-year, exports dropped by 9.8% to SAR 92.8 billion, weighed by lower sales of oil products (-15.5%), accounting for 70.3% of total exports. Meanwhile, non-oil exports rose by 7.5%, primarily driven by increased sales of chemical products (9.3%) and plastics, rubbers & their products (1%). As for the major destinations, China held the highest share of exports at 16%, followed by South Korea (9.6%), and India (9.5%). Meanwhile, imports fell at a softer rate of 3.9% from a year earlier to SAR 64.8 billion, due mainly to reduced purchases of machinery, electrical equipment and parts (-5.6%) and transportation equipment & parts (-11.7%). Among main suppliers, China also held the largest share in shipments, constituting 22.2%, followed by the US (9.6%) and India (6.2%).