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

Youm-e-Takbeer

Nation fervently observes Youm-e-Takbeer

0
ISLAMABAD, Pakistan: The whole nation is fervently observing Youm-e-Takbeer on Tuesday to mark the 26th Anniversary of Pakistan’s nuclear tests conducted on May 28,...
Collaborators of Fall of Dhaka

Is Pakistan facing another Operation Jackpot?

0
By Agha Iqrar HaroonThe Fall of Dhaka is a chapter of Pakistan’s history that still haunts the nation because it lost half of...

Youm-e-Takbeer: Pakistan firmly believes in peaceful resolution of conflicts: Acting President Gilani

0
ISLAMABAD, Pakistan: The Acting President Syed Yusuf Raza Gilani has said that Pakistan, as a responsible nuclear state, firmly believes in the peaceful resolution...

Pakistan strongly condemns Israeli attack on Refugee Camp in Rafah

0
ISLAMABAD, Pakistan: Pakistan has condemned in the strongest terms Israeli bombardment and targeting of an UNRWA Refugee Camp in Rafah in Gaza Strip that...

6th Round of Pakistan-Hungary Bilateral Political Consultations held in Budapest

0
BUDAPEST, Hungary: The 6th Round of Bilateral Political Consultations between Pakistan and Hungary was held in Budapest on Monday.The Additional Foreign Secretary (Europe) Ambassador...
Advertisement