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Home Latest News

Saudi Arabia’s imports fall 14.4% in Nov

byCT Report
20/01/2016
in Latest News
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RIYADH: Saudi Arabia’s imports in November fell 14.4 percent compared with a year earlier, while non-oil exports declined 12.6 per cent, data from the Central Department of Statistics and Information showed.

Non-oil exports dropped to SR15.032 billion ($4 billion) in November 2015, compared to SR17.189 billion in the same month the previous year. However, exports recorded a rise from SR13.938 billion in October 2015.

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Imports totalled SR47.21 billion in November 2015, down from SR55.126 billion during the same month in 2014. Imports were worth SR54.809 billion in October 2015.

Non-oil exports traditionally account for around 12 percent of the overall exports of Saudi Arabia. The world’s largest oil exporter does not release complete trade data on a monthly basis.

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