News dalla rete ITA

28 Maggio 2023

Arabia Saudita

SAUDI ARABIA’S MERCHANDISE EXPORTS RISE 4.4% TO $28BN

Saudi Arabia’s total merchandise exports rose 4.4 percent in March to $28.29 billion, compared to  $26,96 billion in the previous month, according to the latest report released by the Kingdom’s General Authority for Statistics. The authority, however, noted that the Kingdom’s overall merchandise exports fell 25.3 percent year-on-year in March, as the value of exports amounted to $37,8 million in the same month of 2022. GASTAT also pointed out that this year-on-year fall in exports was primarily driven by a decrease in oil shipments which fell 26.5 percent in March to $22,16 billion. According to the report, the share of oil in total exports decreased from 79.6 percent in March 2022 to 78.3 percent in March 2023. Earlier in May, a report released by the Joint Organizations Data Initiative suggested that Saudi Arabia’s crude oil exports increased by 68,000 barrels per day to 7.52 million bpd in March from 7.45 mbpd in February. It further noted that Saudi Arabia’s non-oil exports, including re-exports, fell by 21 percent year-on-year in March to $6,13 billion, while on a month-on-month basis, it rose by$0,4 billion or 7.2 percent. Saudi Arabia’s merchandise imports rose by 9.8 percent in March 2023 to $16,48 billion, compared to $15,01 billion in the same month of the previous year. On a month-on-month basis, the Kingdom’s imports rose by $1,3billion, or 8.5 percent. The most imported merchandise in March 2023 was chemical and allied products, accounting for 32.3 percent of total non-oil imports. China was the major merchandise trading partner of Saudi Arabia in March, as exports to the Asian giant amounted to $4,8 billion or 17.1 percent of the total. China was closely followed by Japan and India with$2,6 billion and $2,45 billion of the total exports, respectively. (ICE RIYADH)


Fonte notizia: ARAB NEWS