The Kingdom of Saudi Arabia achieved trade surpluses during last October, amounting to 16.36 billion riyals (4.4 billion dollars), an increase of 28% compared to 12.77 billion riyals in September While declining by 49% on an annual basis.

According to Arabiya Net, the report of the Saudi General Authority for Statistics showed that the surplus came from the difference between about 57.8 billion riyals of total merchandise exports and 41.4 billion riyals of total imports. .

The total volume of the Kingdom's trade reached 99.2 billion riyals in October 2020.

The authority stated that commodity exports decreased by 24.7% in October 2020, to 57.9 billion riyals, compared to 76.8 billion riyals in October 2019, as a result of reduced exports. Petroleum by about 18.9 billion riyals, or 32.7%, to record 38.9 billion riyals in October 2020.

The share of petroleum exports out of total exports decreased to 67.3% in October 2020, compared to 75.3% in October 2019.

and non-oil exports decreased by 0.3% in October 2020, to record 18.89 billion riyals, compared to 18.95 billion riyals in October 2019.

plastics and rubber and their articles accounted for 31.3% of total non-oil exports during last October, down 5.4% from the same month of 2019.

On a monthly basis, the value of Saudi commodity exports rose by 4.48 billion riyals, by 8.4%, compared to about 53.3 billion riyals in September 2020.

Saudi imports


According to the authority's report, Saudi Arabia's imports fell by 16.8% in October 2020, to record 41.44 billion riyals, compared to 49.8 billion riyals in October 2019, as a result of the decline in commodity prices on an annual basis, the most influential of which were transport equipment and parts, with a 40% decline, and machinery, devices and equipment. Electrical and parts thereof by 17%.

The value of imports increased by 2.2% compared to September 2020.

The ratio of non-oil exports to imports rose to 45.6% in October 2020, compared to 38% in October 2019, as a result of the significant decrease in imports compared to the decline in non-oil exports During the month.

China is Saudi Arabia's main merchandise trade partner