Saudi Arabia’s commodity exports declined for the fourth consecutive year by 10 percent year-on-year (YoY) to SAR 688.4 billion in 2016, the lowest level in 11 years, data of the General Authority for Statistics (GAS) showed.

 

Saudi commodities exports (SAR bln)

Period

Value

Y-o-Y variation

2005

677.14

--

2006

791.34

+17%

2007

874.40

+10%

2008

1,175.48

+34%

2009

721.11

(39%)

2010

941.79

+31%

2011

1,367.62

+45%

2012

1,456.50

+6%

2013

1,409.52

(3%)

2014

1,284.12

(9%)

2015

763.31

(41%)

2016

688.42

(10%)

 

The decline was attributed to an 11 percent YoY fall in oil exports – which accounted for 74.2 percent of total exports – to SAR 510.7 billion.

 

Meanwhile, non-oil exports also slipped 6 percent YoY to SAR 177.7 billion.

 

Saudi oil and non-oil exports (SAR bln)
 

Non-oil exports

Oil exports

Period

Value

YoY variation

Value

YoY variation

2007

104.47

+22%

769.94

+9%

2008

121.62

+16%

1,053.86

+37%

2009

109.62

(10%)

611.49

(42%)

2010

134.61

+23%

807.18

+32%

2011

176.57

+31%

1,191.05

+48%

2012

190.95

+8%

1,265.55

+6%

2013

202.44

+6%

1,207.08

(5%)

2014

217.03

+7%

1,067.09

(12%)

2015

189.90

(13%)

573.41

(46%)

2016

177.69

(6%)

510.73

(11%)

 

The drop in commodities exports last year came mainly due to a fall of 11 percent YoY (or SAR 62.6 billion) in metal products to SAR 512.3 billion. Metal products represented 74 percent of total commodity exports.

 

Chemical exports also saw a 14 percent YoY drop to SAR 50.4 billion in 2016.

 

China was the Kingdom’s top importer last year, with total imports of SAR 79.9 billion. It was followed by Japan (SAR 72.3 billion) and the United States (SAR 66.1 billion). The ten countries accounted for 68.6 percent of the Kingdom’s total commodity exports in 2016.

 

Saudi non-oil exports (SAR bln)

Variation percentage

Variation value

2016

2015

Product

(11%)

(62.6)

512.3

574.8

Metal products

(3%)

(1.8)

56.0

57.8

Plastics, rubber products

(14%)

(8.4)

50.4

58.8

Chemical industry products

(10%)

(1.7)

15.8

17.5

Transport equipment

(6%)

(1.0)

14.2

15.1

Base metals

(3%)

(0.4)

10.4

10.8

Machinery, equipment, appliances

+4%

+0.2

6.0

5.8

Live animals and its products

(6%)

(0.4)

5.9

6.3

Food, beverages and tobacco

+75%

+1.9

4.5

2.6

Pearls and precious stones

(7%)

(1.0)

12.9

13.8

Others

(10%)

(74.9)

688.4

763.3

Total

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request