Saudi non-oil exports rise 18.7% in 2014

Saudi Arabia’s non-oil commodity exports increased 18.7 per cent to SAR54.82 billion ($14.6bn) in the first quarter of 2014 from SAR46.19bn in Q1 2013.

However, the non-oil exports in Q1 2014 were down 1.9 per cent from the fourth quarter of last year. The total weight of exports in the first quarter of 2014 reached 13,292 thousand tons compared to 11,671 thousand tons in the same period of 2013, an increase of 13.9 per cent.

Saudi Arabia’s Central Department of Statistics and Information (CDSI) says the total value of the Kingdom’s imports during the first quarter of 2014 amounted to SAR152.15bn compared to SAR156.81bn during the first quarter of 2013, down by three per cent, and up by 1.7 per cent compared to the fourth quarter of 2013, while the total weight of imports during first quarter of 2014 reached 18,606 thousand tons compared to 19,469 thousand tons during the first quarter of 2013, down 4.4 per cent.

Further, the value of exports of non-petroleum commodity amounted to SAR54.82bn, up 36.03 per cent compared to the value of the Kingdom’s imports during the first quarter of 2014, while the value of non-oil exports during the first quarter of 2013 was SAR46.19bn by 29.46 per cent of the value of the Kingdom’s imports during the same period.

Also, the value of Saudi Arabia’s non-petroleum exports of national origin to the Gulf Cooperation Council (GCC) during the first quarter reached SAR7.51bn compared to SAR7.69bn during the first quarter of 2013, down 2.4 per cent, while the value of imported goods with national origin from GCC during the period amounted to SAR12.19bn compared to SAR12.59bn during the first quarter of 2013, down 3.2 per cent.

Saudi’s statistics office CDSI stresses in its report that China ranked first in terms of the value of non-petroleum exports in the first quarter of 2014 by 11.98 per cent of the total value of exports, while the UAE ranked second by 11.43 per cent, followed by Singapore in the third place by 7.09 per cent.

In addition, it says the United States topped the exporting countries of Saudi Arabia by 13.16 per cent of total imports, followed by China with 12.94 per cent and Germany in the third place by 7.3 per cent.