Saudi Customs posts $6bn income in 2012
Riyadh, July 11, 2013
Saudi Arabia’s Customs Department has posted revenue of SR22.25 billion ($6 billion) for 2012, 13.5 per cent more that of 2011, a report said.
Tariff exemption on imported products amounted to SR 6.4 billion in 2012, according to the report in Arab News.
Saudi Arabia imported goods worth SR587.8 billion last year, as against SR495.5 billion in the previous year, marking a rise of 19 per cent, the report quoted the annual report of the Customs Department as saying.
Non-oil exports rose by eight per cent to SR170.4 billion, the report said.