Saudi Arabia’s non-oil exports dropped 15% year-on-year (YoY) to SAR 16.3 billion in January 2020, data from the Kingdom’s General Authority for Statistics showed.
When compared to December 2019, non-oil exports saw a 14% decline of SAR 2.77 billion for the month.
|
Saudi Non-Oil Exports (SAR mln) |
|||
|
Variation |
2018 |
2019 |
Month |
|
(15%) |
16349 |
19232 |
January |
|
-- |
-- |
18127 |
February |
|
-- |
-- |
19977 |
March |
|
-- |
-- |
20237 |
April |
|
-- |
-- |
18260 |
May |
|
-- |
-- |
17414 |
June |
|
-- |
-- |
18815 |
July |
|
-- |
-- |
16286 |
August |
|
-- |
-- |
19660 |
September |
|
-- |
-- |
17152 |
October |
|
-- |
-- |
17518 |
November |
|
-- |
-- |
19119 |
December |
The drop was attributed to a decrease of SAR 1.77 million in exports of plastics and rubber products, followed by exports of chemical industry products with a value of SAR 979.2 million.
On the other side, exports of transport equipment increased by SAR 588.2 million in January 2020.
|
Saudi non-oil exports (SAR mln) |
||||
|
Variation percentage |
Variation value |
Jan. 2020 |
Jan. 2019 |
Product |
|
(16%) |
(979.2) |
5042.5 |
6021.7 |
Chemical industry products |
|
(27%) |
(1774.4) |
4917.9 |
6692.3 |
Plastics, rubber products |
|
+59% |
+588.2 |
1589.1 |
1000.9 |
Transport |
|
(13%) |
(198.7) |
1387.0 |
1585.7 |
Base metals |
|
(21%) |
(246.9) |
938.2 |
1185.1 |
Machinery, equipment, appliances |
|
+2% |
+9.4 |
478.6 |
469.2 |
Live animals and its products |
|
(13%) |
(58.7) |
410.8 |
469.5 |
Food, beverages and tobacco |
|
+4% |
+14.8 |
391.7 |
376.9 |
Pearl and precious stones |
|
(12%) |
(24.2) |
174.5 |
198.7 |
Paper & paper products |
|
(59%) |
(218.8) |
154.9 |
373.7 |
Metal products |
|
+1% |
+5.8 |
864.0 |
858.2 |
Others |
|
(15%) |
(2882.6) |
16349.3 |
19231.9 |
Total |
China was the top export market for Saudi products in January 2020, followed by the UAE, India, Singapore and the US. The five countries accounted for 45.4% of the Kingdom’s total non-oil exports for the month.
|
The five largest importers in January 2020 (SAR mln) |
|||
|
Variation |
Jan. 2020 |
Jan. 2019 |
Country |
|
(28%) |
2549.7 |
3537.1 |
China |
|
+12% |
2320.1 |
2072.3 |
UAE |
|
+1% |
947.7 |
941.3 |
India |
|
(36%) |
848.3 |
1325.7 |
Singapore |
|
+10% |
760.3 |
689.3 |
US |
|
(13%) |
7426.1 |
8565.8 |
Total |
|
-- |
45.4% |
44.5% |
Countries’ ratio |
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