Saudi Arabia’s Merchandise Exports Decline by 1 Percent in April, While Non-Oil Exports See a Significant Increase

In April, Saudi Arabia experienced a 1 percent decline in merchandise exports compared to the previous year, as reported by the General Authority for Statistics. On the other hand, non-oil exports saw a significant increase of 12.4 percent during the same period. Oil exports decreased by 4.2 percent. Imports into the kingdom also saw a decline of 1.3 percent in April compared to the previous year.

China emerged as the top destination for Saudi Arabia’s exports, accounting for 16.6 percent of total exports, followed by Japan and India. Similarly, China was also the leading source of imports for the kingdom in April, making up 22.4 percent of total imports. The United States and India followed as the next major importers for Saudi Arabia.