Saudi deputy FM meets Sudan's Sovereign Council chief in Port Sudan    Kuwait, India to elevate bilateral relations to strategic partnership Sheikh Mishal awards Mubarak Al-Kabir Medal to Modi    MoH to penalize 5 health practitioners for professional violations    Al-Samaani: Saudi Arabia to work soon on a comprehensive review of the legal system    Environment minister inaugurates Yanbu Grain Handling Terminal    Germany's attack suspect reportedly offered reward to target Saudi ambassador    U.S. Navy jet shot down in 'friendly fire' incident over Red Sea    Israeli strikes in Gaza kill at least 20 people, including five children    Trudeau's leadership under threat as NDP withdraws support, no-confidence vote looms    Arabian Gulf Cup begins with dramatic draws and a breathtaking ceremony in Kuwait    GACA report: 928 complaints filed by passengers against airlines in November    Riyadh Season 5 draws record number of over 12 million visitors    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    PDC collaboration with MEDLOG Saudi to introduce new cold storage facilities in King Abdullah Port Investment of SR300 million to enhance logistics capabilities in Saudi Arabia    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Arabia's non-oil, oil exports increase by 52.1% and 126.1% respectively in Q2
Published in The Saudi Gazette on 29 - 08 - 2021

The Kingdom of Saudi Arabia's overall merchandise exports increased by 99.4% in Q2 2021 compared to Q2 2020, when international trade was impacted by COVID-related lockdowns and travel bans in numerous countries.
The value of exports amounted to SR238.6 billion in Q2 2021, up from SR119.7 billion in Q2 2020. This increase originated mainly from oil exports, which rose by SR96.5 billion or 126.1% in the same period.
The share of oil exports in total exports increased from 63.9% (Q2 2020) to 72.5% (Q2 2021). Compared to the previous quarter (Q1 2021), total merchandise exports increased by SR26.1 billion riyals or 12.3%.
According to the General Authority for Statistics' (GASTAT) International Trade Report, non-oil exports increased by 52.1% year-on-year in Q2 2021, rising to SR65.7 billion from 43.2 billion riyals in Q2 2020.
Of the most important non-oil goods, 'Plastics and Rubber and Articles Thereof' (34.3% of non-oil merchandise exports) increased by 63.9% (SR8.8 billion) and 'Products of the Chemical or Allied Industries' (31.0% of non-oil merchandise exports) increased by 61.9% (SR7.8 billion) from Q2 2020.
Non-oil exports increased compared to the previous quarter (Q1 2021) by SR5.6 billion or 9.4%.
Merchandise imports increased by 12.9% (SR16.1 billion) in Q2 2021. The value of imports amounted to SR140.9 billion in Q2 2021 compared to SR124.8 billion in Q2 2020.
This increase was due to the increase in many sectors compared to Q2 2020, mainly 'Vehicles and Associated Transport Equipment' (26.8%) and 'Pearls; Precious Stones; Imitation Jewelry' (452.2%). Imports also increased compared to the previous quarter (Q1 2021), by SR1.4 billion or 1.0%.
The ratio of non-oil exports to imports increased to 46.6% in Q2 2021 from 34.6% in Q2 2020 as a result of a higher increase in non-oil exports (52.1%) than in imports (12.9%) over that period.
In Q2 2021, exports to China amounted to SR46.4 billion (19.4% of total exports), making this country the main destination for exports of Saudi Arabia. India and Japan followed next with SR21.7 billion (9.1% of total exports) and SR20.7 billion (8.7% of total exports), respectively.
South Korea, USA, United Arab Emirates, Egypt, Netherlands, Singapore, and Taiwan were the other countries that ranked in the top 10 destinations. Exports of Saudi Arabia to those 10 countries amounted to SR160.3 billion, accounting for 67.2% of total exports.
Imports from China amounted to SR25.7 billion in (18.2% of total imports) Q2 2021, making this country the main origin for imports of Saudi Arabia. United Arab Emirates and USA followed next with imports of SR13.5 billion (9.6% of total imports) and SR13.1 billion (9.3% of total imports), respectively.
Germany, India, Japan, Italy, Egypt, France and Canada were the other countries that ranked in the top 10 countries for imports. Imports of Saudi Arabia from those 10 countries amounted to SR87.9 billion, accounting for 62.3% of total imports.
As many as SR36.6 billion of imports, corresponding to 26.0% of the total, entered the Kingdom from Jeddah Islamic Sea Port in Q2 2021.
Among the other major ports of entry for the imports were King Abdulaziz Port (19.4%), King Khalid International Airport (12.4%), King Fahd Airport (7.0%), and Bat'ha (6.4%). Those five ports together accounted for 71.1% of the total merchandise imports of the Kingdom. — SPA


Clic here to read the story from its source.