Saudi Arabia’s oil exports dropped 11 percent year-on-year (YoY) to SAR 511 billion in 2016, according to the Kingdom’s General Authority for Statistics (GAS).
The kingdom’s crude exports had plunged 46 percent in 2015, the steepest decline in ten years.
Oil exports for December 2016 rose 42 percent YoY to SAR 52.1 billion, accounting for 77.7 percent of total exports.
|
Saudi Arabia’s oil exports in 2016 |
|||
|
Month |
Value (SAR bln) |
Annual variation |
Proportion of total exports |
|
January |
29.23 |
(30.1%) |
69.7 % |
|
February |
30.32 |
(35.6%) |
68.7 % |
|
March |
37.61 |
(33.1%) |
70.9 % |
|
April |
38.45 |
(32.9%) |
72.8 % |
|
May |
46.58 |
(23.8%) |
74.1 % |
|
June |
45.24 |
(16.5%) |
75.5 % |
|
July |
45.12 |
(14.1%) |
78.5 % |
|
August |
44.34 |
(2.1%) |
73.7 % |
|
September |
43.92 |
+7.2% |
77.0 % |
|
October |
51.51 |
+28.8% |
77.5 % |
|
November |
46.22 |
+15.2% |
76.2 % |
|
December |
52.14 |
+41.6% |
77.7 % |
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