Saudi nonoil exports hit SR 14.48 bn in June

The value of Saudi non-oil exports stood at SR 14.48 billion for the month of June in 2012, compared to SR 15.70 billion in June 2011, or down by 7.74 percent, according to a report by the Central Department of Statistics and Information.

Exports of petrochemical products ranked first capturing 36.66 percent of total non-oil exports at the value of SR 5.31 billion, followed by plastic products (29.77 percent) at SR 4.31 billion and foodstuffs (7.66 percent), the report said.

China topped the list of countries mostly receiving Saudi non-oil exports by 12.92 percent of total exports, followed by Singapore and the UAE by 10.15 percent and 9.28 percent respectively.

The value of Saudi imports in June 2012 increased by 4.39 percent at SR 44.31 billion, an increase of SR 1.86 billion, compared to the same period last year, the report said.

Machines and electric equipment registered the highest value of Saudi imports during June at SR 12.05 billion, capturing 27.2 percent of total imports, followed by transport equipment at SR 7.75 billion (17.5 percent), minerals and their products at SR 6.60 billion (14.91 percent), and foodstuffs at SR 5.84 billion (13.18 percent), according to the report.

China ranked first of countries exporting goods to Saudi Arabia in June 2012, capturing 13.13 percent of total Saudi imports, followed by the US and South Korea at 12.45 percent and 7.19 percent respectively, the report said.

Saudi Arabia exported Saudi-origin nonoil goods to the GCC countries in the amount of SR 2.61 billion in June 2012 compared to SR 2.53 billion in the same period last year, an increase of 3.35 percent, while the national origin imported goods from GCC states amounted to SR 3.57 billion compared to SR 2.66 billion of the same period last year, an increase of 34.29 percent, the report said.