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Thndr Claps » Saudi Claps » Energy🔋 » Saudi non-oil exports surge in Q3 ⬆️

Saudi non-oil exports surge in Q3 ⬆️

by Omar El Shorafa
November 24, 2022

The Clap
Saudi non-oil exports (including re-exports) increased by 13.1% YoY during Q3.

What
The General Authority for Statistics indicated that the non-oil commodity exports reached SAR 78.4 billion in Q3, while oil exports jumped by 57.3% YoY.

KSA’s imports also increased by 25.1% YoY in Q3.

So What
The General Authority for Statistics data showed that the country’s trade balance recorded a SAR 218 billion surplus during Q3, 15.2% lower than in Q2.

Now What
Saudi Arabia’s trade surplus declined in Q3 2022 on a quarterly basis, after growing for 8 consecutive quarters.

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