Saudi nonoil exports top $5bn in March
Riyadh, May 15, 2014
Saudi Arabia’s nonoil exports reached SR19.24 billion ($5.12 billion) in March, reflecting an increase of 12.5 per cent over the figures for the same month last year, a report said.
The kingdom’s dropped 9.1 per cent to SR51.19 billion compared to the March figures of last year, according to the Arab News report, which quoted a release by the Central Department of Statistics and Information (CDSI).
Petrochemicals, which led Saudi Arabia’s exports recorded 32.61 percent of nonoil exports worth SR6.20 billion, the report said.
Plastic products claimed the second spot with exports worth SR5.89 billion, or 30.6 percent, followed by transport equipment and accessories by 10.9 percent of the aggregate value of exports, according to the report.
Meanwhile, equipment, machinery and electrical utensils ranked among the top import items, with a value of SR12.34 billion, or 24.11 percent of the total value of imports, the report said.
The UAE claimed the top spot in imports from Saudi Arabia with 13.80 per cent of the total value of exports in March, while the US maintained its position as the biggest exporter to the Kingdom by recording 13.17 percent of the total Saudi imports, according to the report.