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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