Industry, Logistics & Shipping

Saudi Arabia’s overall merchandise exports up 98pc in April

Saudi Arabia’s overall merchandise exports increased by 98% in April compared to the previous year. The value of exports for the month amounted to SR137.1 billion ($36.5 billion), up from SR69.3 billion ($18.4 billion) for the same period in 2021, said a report by General Authority for Statistics (GASTAT). 
This increase originated mainly from oil exports, which rose by SR60.5 billion (nearly 123% ) in the same period, according to the just-released International Trade report for April 2022 from GASTAT.
The non-oil exports (including re-exports) increased by 36.6% year-on-year in April rising to SR27.4 billion from SR20 billion last year.
According to GASTAT, the merchandise imports increased by 11.2% (SR5.6 billion) in April. The value of imports amounted to SR55.3 billion compared to SR49.7 billion last year.-TradeArabia News Service