Riyadh, Saudi Arabia– Saudi Arabia’s merchandise exports increased by 13.9 percent in October 2022 to SAR 120.7 billion ($32.10 billion), compared to SAR 106.0 billion in October 2021, according to the International Trade Report for October 2022 released today by the General Authority for Statistics (GASTAT).
The rise was mainly due to oil exports, which rose by SAR 13.7 billion or 16.6 percent in the same period. The share of oil exports in total exports increased from 77.5 percent in October 2021 to 79.4 percent in October 2022.
Non-oil exports (including re-exports) increased by 4.4 percent, compared to October 2022, increasing to SAR 24.9 billion from SAR 23.9 billion in October 2021.
Merchandise imports increased by 39.3 percent (SAR 18.0 billion) in October 2022. The value of imports amounted to SAR 63.9 billion in October 2022 compared to SAR 45.9 billion in October 2021. Imports also increased compared to September 2022 by SAR 2.8 billion or 4.5 percent.
Share of oil in Saudi exports rises to nearly 80 percent in Oct
- Merchandise exports increased by 13.9 percent in October 2022 to SAR 120.7 billion ($32.10 billion).
- Non-oil exports (including re-exports) increased by 4.4 percent, compared to October 2022, increasing to SAR 24.9 billion from SAR 23.9 billion in October 2021.