This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

VideosInforgraphics
Sign inSubscribe

Economy

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Saudi Arabia’s overall merchandise exports rise by 90 percent in Oct. 2021

December 26, 2021 4:10 pm
  • The value of exports amounted to SAR106.2 billion ($28.2 billion) in October 2021, up from SAR55.9 billion in October 2020.
  • The share of oil exports in total exports increased from 66.1 percent in October 2020 to 77.6 percent in October 2021.

Saudi Arabia’s overall merchandise exports increased by 90 percent in October 2021 compared to October 2020, when international trade was impacted by the lockdowns and the travel bans due to the breakdown of Covid-19 in many world countries.

According to the international trade report for Oct. 2021, released by the General Authority for Statistics (GASTAT), the value of exports amounted to SAR106.2 billion ($28.2 billion) in October 2021, up from SAR55.9 billion in October 2020. 

This increase originated mainly from oil exports, which rose by SAR45.5 billion or 123.1 percent in the same period, Saudi media reports said.

The share of oil exports in total exports increased from 66.1 percent in October 2020 to 77.6 percent in October 2021. Compared to the previous month (September 2021), the total merchandise exports increased by SAR11.5 billion or 12.2 percent, the reports said.

The non-oil exports increased by 25.5 percent year-on-year in October 2021, rising to SAR23.8 billion from SAR19.0 billion in October 2020. The non-oil exports decreased compared to the previous month September 2021 by SAR1.5 billion or 5.9 percent.

Merchandise imports increased by 7.6 percent (SAR3.3 billion) in October 2021. The value of imports amounted to SAR46.3 billion in October 2021 compared to SAR43.0 billion in October 2020. Imports, however, decreased compared to the previous month September 2021 by SAR1.1 billion or 2.4 percent.

Most Read