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Saudi Arabia’s merchandise exports surge 31% YoY in September

Saudi Arabia’s merchandise exports surge 31% YoY in September

ArabFinance: Saudi Arabia’s merchandise exports jumped 30.9% year-on-year (YoY) during September 2022, according to an official statement by the General Authority for Statistics (GASTAT) on November 24th.

The kingdom’s merchandise exports surged to SAR 125 billion in September from SAR 95 billion in the same month of 2021.

Oil exports soared to SAR 100 billion last September from SAR 70 billion in September 2021.

Moreover, non-oil exports declined by 3.4% YoY to SAR 24 billion in September from SAR 25 billion.

The kingdom’s merchandise imports surged 26.9% YoY to SAR 60 billion in September.

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