Saudi Arabia's trade balance records a surplus of 37.4 billion riyals during June

news image

The Saudi trade balance recorded a surplus of 37.4 billion riyals during June 2023, according to the international trade report issued by the General Authority for Statistics, and commodity exports in June 2023 decreased by 39.7% from June 2022, amounting to 88.8 billion riyals.Q in June 2023, down from R147.1 billion.In June 2022, as a result of a decrease in oil exports by R 44.5 billion.S, by 38.3%, with a value of R71.9 billion.X for 116.4 billion R.In June 2022.

The share of petroleum exports in total exports increased from 79.1% in June 2022 to 81.0% in June 2023, while the value of commodity exports decreased compared to May 2023 by R10.0 billion.By 10.1 %.

Non-petroleum exports (including re-exports) recorded a decrease of 45.0% from June 2022, where they recorded R16.9 billion.X for 30.7 billion R.Q, non-petroleum exports (excluding re-exports) decreased to 46.1% while the re-export value decreased to 39.8% in the same period.

The value of non-petroleum exports (including re-exports) decreased by RM 9.9 billion.Q, by 36.8% compared to May 2023, and in terms of imports, they decreased in June 2023 by 17.1% by R10.6 billion.S., with a value of R. 51.4 billion.In June 2023, compared to R. 62.1 billion.In June 2022, the value of imports also decreased compared to the previous month in May 2023 by R17.7 billion.By 25.6 %.

The "products of chemical and related industries" are among the most important non-petroleum export commodities, accounting for 29.1% of the total non-petroleum exports, and they decreased from June 2022 by 53.3% by RM 5.6 billion.O, followed by" plastics, rubber and their manufactures " (27.4% of total non-petroleum exports), which decreased by 48.3% by R4.3 billion.Q for the month of June 2022.

On the other hand, the most important imported goods were "machinery, appliances and electrical equipment, which constitute and their parts" 20.2%, then "transport equipment total imports, of its parts", which constitute 18.2% of total imports.

The ratio of non-petroleum exports (including re-exports) to imports decreased in June 2023, reaching 32.8% compared to 49.5% in June 2022, as a result of the significant decrease in non-petroleum exports, reaching (45.0 %) compared to the decrease in imports, which reached (17.1 %) during this period.

The value of the kingdom's exports to China amounted to R13.7 billion.X (15.5%) of total exports in June 2023, which makes this country the main destination for exports, followed by South Korea and India, worth R8.1 billion.O (9.2 %) of total exports, and R7.7 billion.O (8.7 % of total exports), respectively, Japan, the United States of America, the United Arab Emirates, Egypt, Malaysia, France and Singapore were among the top 10 countries to which exports were exported, and the total exports of the kingdom to these ten countries amounted to 58.5 billion R.O, which accounts for 66.0% of total exports.

The value of imports from China was 10.0 billion R.Q (19.5% of total imports in June 2023, which makes this country ranked first for the kingdom's imports, followed by the United States of America and the United Arab Emirates, worth R 4.3 billion.O (8.4 % of total imports), and R3.6 billion.O (7.0 % of total imports), respectively, India, Switzerland, Singapore, Germany, Egypt, Italy and the Russian Federation were among the top 10 countries from which imports were imported, and the total value of the kingdom's imports from these ten countries amounted to R31.0 billion.O, which accounts for 60.3% of total imports.