Wednesday 20 February 2019

Saudi Arabia's May imports drop 20pc

RIYADH, August 17, 2016

Saudi Arabia's imports in May fell 20.3 per cent compared with a year earlier while non-oil exports edged down 0.4 per cent, showed data from the Central Department of Statistics and Information.

Non-oil exports reached SR15.681 billion ($4.18 billion) in May this year, compared to be SR15.746 billion ($4.20 billion) during the same month last year.

Imports dropped to SR45.504 billion ($12.13 billion) in May, compared to SR57.121 billion ($15.23 billion) in May 2015.

Non-oil exports usually account for around 12 per cent of the overall exports of Saudi Arabia. The world's largest oil exporter does not release complete trade data on a monthly basis. - Reuters

Tags: Saudi Arabia | | Imports | non-oil exports |

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