Saudi Arabia’s exports of non-oil merchandise fell during August by more than 19 per cent compared with the same month of 2014, reports London-based al-Hayat citing official data.
Non-oil merchandise amounted to a record SAR14.78 billion and the kingdom’s imports declined during August by 10.98 per cent to a record of more than SAR54bn.
According to the monthly report of the Central Department of Statistics and Information, the Saudi non-oil exports’ value rose by one per cent in August compared with July, as the kingdom’s imports increased by 17.82 per cent.
The report points out that 23.7 per cent of imports were capital goods, 40.40 per cent were intermediate goods and 35.90 per cent of the imports were goods for final consumption, pointing out that the decline in non-oil exports in August compared with the same month of last year was due to the mass decline in the main sections of the exported goods, namely ordinary metals and their products, which fell by 27.28 per cent.
(SAR1 = AED0.98, at the time of publishing)