The Kingdom of Saudi Arabia achieved trade surpluses of 44.64 billion riyals during the third quarter of 2020, compared to a deficit of 29 billion riyals in the second quarter of 2020.

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According to Arabiya Net, the Saudi General Authority for Statistics stated in a report that the Kingdom’s exports amounted to 161.8 billion riyals, while imports amounted to 117.19 billion riyals during the third quarter of the year 2020, with a trade volume of 279.02 billion riyals.

Saudi merchandise exports increased by 38.2% in the third quarter of 2020, compared to the second quarter of 2020, which amounted to 117.11 billion riyals.

Saudi commodity exports were distributed among 108.44 billion riyals of oil exports, and 53.39 billion riyals of non-oil exports.

The rise in commodity exports on a quarterly basis came due to an increase in oil exports from 74.77 billion riyals in the second quarter of 2020, by 45%, while non-oil exports rose from 42.34 billion Real by 26%.

Likewise, merchandise imports increased marginally from 117.14 billion riyals in the second quarter of 2020, to 117.19 billion riyals in the third quarter of 2020, by about 53 million riyals.

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It is mentioned that the repercussions of Corona, or what is known as the great closure, affected global trade at a time of declining global oil demand, which affected Saudi oil exports.

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compare on an annual basis


Commodity exports declined in the third quarter of 2020 by 31.4% compared to the third quarter of 2019, which amounted to 235.87 million riyals, as a result of the decline in oil exports by 71.56 billion riyals, or 39.8%, and the proportion of oil exports from the total exports decreased from 76.3% in the third quarter From 2019 to 67% in the third quarter of 2020.

and non-oil exports recorded a decrease of 4.4% compared with the third quarter of 2019, and recorded 53.39 billion riyals, compared to 55.87 billion riyals, and the most important commodities were plastics, rubber and their products. It represents 30.2% of total non-oil exports, which decreased by 12.4% by 2.28 billion riyals, and chemical industries products and related ones, and represented 28.8% of total non-oil exports, and decreased by 8.7% by 1.46 billion riyals compared to the third quarter of 2019. / p>

In the third quarter of 2020, imports decreased by 19.4%, equivalent to 28.26 billion riyals, to record 117.19 billion ...