Arab News, Thursday, Jun 23, 2022 | Zul Qaadah 23, 1443
Saudi Arabia's non-oil exports increase 37% to $7.3bn in April
Saudi Arabia's non-oil exports increased by 36.6 percent in April, compared to
the same period last year, as the country continues to diversify its economy to
achieve the goals outlined in Vision 2030, the General Authority for Statistics,
also known as GASTAT, said in a report.
According to the report, Saudi Arabia's non-oil
exports in April stood at SR27.4 billion ($7.3 billion), against SR20 billion in
the same period last year.
Non-oil exports in April 2022, however, decreased
by SR1.5 billion or 5.3 percent when compared to March 2022.
In April the Kingdom’s merchandise imports grew
11.2 percent year-on-year, to SR55.3 billion, while it fell 1 percent compared
to last month.
Overall merchandise exports in April increased by
98 percent to SR137 billion, up from SR69.3 billion in April 2021.
Chemical and allied industries driving non-oil
Saudi Arabia’s non-oil exports were driven by
chemical and allied industries which accounted for 36.6 percent of non-oil
merchandise exports, the GASTAT report stated.
The report further noted that the most imported
merchandises were machinery and mechanical appliances, along with electrical
equipment parts which accounted for 18.9 percent of total merchandise imports.