Saudi Arabia’s non-oil exports up by 10.5% in Q2 2024

Saudi Arabia’s non-oil exports increased by 10.5 per cent during the second quarter of 2024, compared to the second quarter of 2023, the General Authority for Statistics (GAS) announced.

The International Trade Bulletin for the second quarter of 2024, according to the Saudi Press Agency (SPA), showed that national non-oil exports increased by 1.4 per cent, excluding re-exports, and the value of re-exported goods increased by 39.1 percent during the same period.

The results of the bulletin showed that the value of non-petroleum exports including re-exports increased by 4.3 percent, while commodity exports in the second quarter of 2024 decreased by 0.2 percent compared to the second quarter of 2023, and the value of imports decreased by 5.6 per cent, due to a decrease in petroleum exports by 3.3 percent.

The proportion of petroleum exports in total exports in the second quarter of 2024 decreased to 75 per cent compared to 77.4 percent in the same quarter of last year.