Non-oil exports from Saudi Arabia increased by 13.1% in Q3

The most recent data revealed by the General Authority for Statistics (GASTAT) on Thursday indicated that Saudi Arabia’s non-oil exports, including re-exports, climbed by 13.1%, climbing to SR78.4 billion from SR69.4 billion during the same period last year.

Non-oil exports fell by SR8.4 billion, or 9.6%, from Q2 of this year.

In comparison to September 2021, Saudi Arabia’s total exports of merchandise grew by 30.9% in September 2022.

In September 2022, the value of exports increased to SR124.7 billion from SR95.2 billion in September 2021. Oil exports, which climbed by SR30.3 billion or 43.4% during the same time, were the largest contributor to this increase.

Exports of goods and services other than oil rose by 9.7% from September 2021 to September 2022, reaching SR21.6 billion from SR19.7 billion. Exports of goods other than oil fell by SR2.4 billion, or 8.8% when compared to August 2022; if re-exports are taken out, they fall by SR0.8 billion (-3.7%).

In September 2022, imports of goods increased by 26.9% (SR 12.7 billion). In September 2022, the value of imports was SR60.0 billion, up from SR47.3 billion in September 2021. SR3.5 billion, or 5.4% less, was imported in August 2022 than in August 2022.