Complex Made Simple

Saudi Arabia’s exports of non-oil goods fell to SAR14.5 billion in July

Kingdom’s imports recorded a decrease of 12.16 per cent

The value of Saudi export of non-oil goods fell by SAR3.77 billion or 20.64 per cent during July 2015, registering approximately SAR14.51bn, compared with SAR18.28bn during the same period of the previous year.

The value of the kingdom’s imports during July also recorded a decrease of 12.16 per cent to roughly SAR44.60bn, a drop of SAR6.18bn from SAR50.77bn recorded for the same month last year.

According to the monthly report issued by the Central Department of Statistics and Information for July 2015, the value of the kingdom’s exports of non-oil goods have registered a decrease of 5.68 per cent, compared with SAR15.4bn in June 2015.

Meanwhile, the value of the kingdom’s imports registered a decline of 13.95 per cent in July 2015, compared with the previous month, when imports reached approximately SAR51.8bn, reports Alriyadh.

Fauzan bin Othman Al-Fawzan, director general of Economic Statistics in the Department of Statistics and Information, explains that the kingdom’s ratio of exports of non-oil goods to imports reached 32.53 per cent in July 2015, compared with 36 per cent for the same month last year. However, he adds that this ratio was high from June 2015, when it recorded 29.67 per cent.

(SAR 1 = AED 0.98, at the time of publishing)