Saudi Arabia posted a trade surplus of SAR 18.4 billion in August 2020, data issued by the General Authority for Statistics (GASTAT) showed.

  

Total exports declined 25% year-on-year (YoY) in August 2020 to SAR 57.4 billion. Similarly, imports dropped 17% YoY to SAR 39 billion during the same period.

 

Oil exports fell 34% to SAR 39.6 billion in August 2020. Also, non-oil exports grew 6% to SAR 17.8 billion.

 

The table below highlights the development of trade balance, exports, and imports since August 2019:

 

Saudi Arabia’s Trade Balance (SAR mln)

 

Trade Balance

Imports

Exports

Period

29484

47159

76643

August 2019

33219

44111

77330

September

26962

49800

76762

October

36755

44079

80834

November

34818

51021

85839

December

43308

39732

83040

January 2020

23945

42358

66303

February

6491

42009

48500

March

(970)

38085

37116

April

1972

34534

36506

May

(1031)

44521

43490

June

13477

37661

51138

July

18390

38986

57376

August
 

 

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