Saudi Arabia’s merchandise exports increased by 48.9% in 2022

Middle EastSaudi Arabia’s merchandise exports increased by 48.9% in 2022

RIYADH, Saudi Arabia: The Kingdom of Saudi Arabia’s overall merchandise exports increased by 48.9 percent in 2022 as compared to 2021, stated the latest report released by the General Authority for Statistics (GASTAT) on Wednesday.

The value of Saudi Arabia’s exports amounted to SAR 1,541.9 billion in 2022, up from SAR 1,035.7 billion in 2021.

The report stated that this increase originated mainly from oil exports which rose by SAR 468.2 billion or 61.8 percent in the same period, increasing to SAR 1,226.3 billion from SAR 758.1 billion in 2021.

The share of oil exports in total exports increased from 73.2 percent in 2021 to 79.5 percent in 2022.



The non-oil exports (including re-exports) increased by 13.7 percent as compared to 2021, increasing to SAR 315.7 billion from SAR 277.5 billion in 2021 whereas the non-oil exports (excluding re-exports) increased by 14.8 percent as re-exports also rose by 8.6 percent in the same period.

The merchandise imports increased by 24.2 percent (SAR 138.9 billion) in 2022.

The value of imports amounted to SAR 712.0 billion in 2022 compared to SAR 573.2 billion in 2021.

Saudi Arabia’s Merchandise Exports, Imports, Trade Volume & Trade Balance (2022, SAR Billion):Saudi Arabia’s merchandise exports increased by 48.9% in 2022

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

SIFC is an honorable option that would change dynamics of Pak-Gulf relations, reports Arab...

0
Monitoring Desk: For the first time in its decades of foreign relations with Saudi Arabia, UAE, Qatar, and China, Pakistan is not asking for...

SECP warns public against investing in ISMMART Group

0
ISLAMABAD, Pakistan: The Securities and Exchange Commission of Pakistan (SECP) has issued a warning advising the general public against investing in fraudulent investment schemes...

Imran Khan shifted to Rawalpindi’s Adiala jail

0
ISLAMABAD, Pakistan: The Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has been shifted from the Attock District Jail to the Adiala Jail in Rawalpindi, according...

Army Chief lauds contributions of Pakistani Christian Community

0
RAWALPINDI, Pakistan: The Moderator / President Bishops (Church of Pakistan and Bishop of Raiwind) Dr. Azad Marshall along with 13 members’ delegation of Christian...

Interbank Dollar Rate Today in Pakistan – 25 September 2023

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for September 25,...
Advertisement