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saudi arabia reports significant growth in exports and imports for january

In January, Saudi Arabia's total merchandise exports reached SR97.18 billion, a 2.4% year-on-year increase, with non-oil exports rising to SR26.48 billion, reflecting a 10.7% growth. China was the top destination for exports, receiving SR14.74 billion, while imports rose 8.3% to SR72.62 billion, primarily from China. The Kingdom's non-oil sector continues to expand, contributing significantly to economic diversification efforts under Vision 2030.

Saudi Arabia's non-oil exports rise 10.7 percent in January 2025

Saudi Arabia's non-oil exports rose by 10.7% year-on-year in January, with national non-oil exports increasing by 13.1%. The value of re-exports grew by 5.7%, contributing to a decrease in oil exports' share of total exports from 74.8% to 72.7%. Imports also surged by 8.3%, while the trade surplus fell by 11.9%.

saudi arabia's non-oil exports surge while overall merchandise exports decline

In December 2024, Saudi Arabia's overall merchandise exports fell by 2.8% to SR94.29 billion, influenced by OPEC-mandated oil production cuts, with oil exports dropping from 74.3% to 68.8% of total goods. Non-oil exports surged 18.1% to SR29.45 billion, driven by a 70% increase in shipments to China, while imports rose 27.1% to SR79.03 billion, leading to a trade balance surplus decrease of 56.1% to SR15.26 billion. The UAE remained the top destination for non-oil goods, despite a 9.9% decline in exports to the region.

saudi arabia reports trade surplus as non-oil exports rise in fourth quarter

Saudi Arabia's trade surplus fell by 56.1% year-on-year in December 2024, reaching SR15.26 billion, as overall merchandise exports decreased by 2.8% to SR94.29 billion, driven by a 13.3% decline in oil exports. Non-oil exports rose 18.1% to SR29.45 billion, with chemical products leading at 25.9%. Imports surged 27.1% to SR79.03 billion, primarily from China, which accounted for SR18.60 billion of the total.

minister of economy meets hsbc chairman to discuss investment opportunities

Minister of Economy and Planning Faisal Alibrahim met with HSBC Holdings Chairman Mark Tucker during the World Economic Forum Annual Meeting 2025 in Davos. Their discussion centered on global financial developments and potential investment opportunities in Saudi Arabia.
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