Riyadh: The General Authority for Statistics (GASTAT) today released the international trade publication for November 2024, revealing a 19.7% increase in non-oil exports compared to November 2023.
According to Saudi Press Agency, the publication also highlighted an 82.9% rise in the value of re-exported goods during the same period, while merchandise exports decreased by 4.7% and imports grew by 13.9%.
The report showed that chemical products are among the most significant non-oil exports, accounting for 24.0% of the total, a 1.6% decrease compared to November 2023. Plastics, rubber, and their products, which represented 21.7% of total non-oil exports, recorded a 4.0% increase compared to November 2023.
Machinery, electrical equipment and their parts accounted for 28.1% of total imports, showing a 22.4% increase compared to November 2023. Transportation equipment and their parts, representing 14.2% of total imports, also saw a 22.0% increase compared to November 2023.
The publication revealed that total exports reached SAR 90.5 billion, total imports totaled SAR 73.7 billion, and the trade balance stood at SAR 16.8 billion.