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Saudi November imports drop 14pc

RIYADH, January 19, 2016

Saudi Arabia's imports in November fell 14.4 percent compared with a year earlier, while non-oil exports declined 12.6 per cent, data from the Central Department of Statistics and Information showed.

Non-oil exports dropped to SR15.032 billion ($4 billion) in November 2015, compared to SR17.189 billion in the same month the previous year. However, exports recorded a rise from SR13.938 billion in October 2015.

Imports totalled SR47.21 billion in November 2015, down from SR55.126 billion during the same month in 2014. Imports were worth SR54.809 billion in October 2015.

Non-oil exports traditionally account for around 12 percent of the overall exports of Saudi Arabia. The world's largest oil exporter does not release complete trade data on a monthly basis. - Reuters




Tags: Saudi | Imports | November |

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