المملكة العربية السعودية الميزان التجاري

Saudi Arabia’s trade surplus narrowed to SAR 31.9 billion in February 2024 from SAR 40.8 billion in the same period a year earlier. Year-on-year, imports rose 12.3% to SAR 63.1 billion, mainly driven by a sharp increase in purchases of machinery, electrical equipment & parts (14.6%). Among main suppliers, China held the largest share in shipments, constituting 19.9%, followed by the US (8%), and India (7%). Meanwhile, exports fell 2% to SAR 95 billion, weighed by lower sales of oil products (-3.8% to SAR 73.2 billion), accounting for 77% of total exports. Conversely, non-oil exports went up 4.4% to SAR 21.9 billion, chiefly boosted by increased sales of plastics and rubbers (8.3%). As for the major destinations, China also accounted for the highest portion of exports at 13.2%, along with India (9.9%) and Japan (9%).