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FINANCIAL NEWS
Saudi 2010 exports up 31% to USD251b
06 Sep 2011
(MENAFN) Saudi’s General Statistics & Information Department said that last year, the country’s exports surged by 31 percent reaching USD251 billion from USD192 billion recorded in the previous year, reported Arab News.
The department added that Saudi exports to Asian countries represented 55 percent of the total value of exports reaching USD138 billion, with an increase of 32 percent from 2009.
It also said that exports to North America hiked 45 percent in the period, reaching USD35 billion, and contributing with 14 percent of total exports, moreover, the EU imports from the Kingdom grew by 35 percent to reach USD23.8 billion, representing 10 percent of total exports.
It is worth noting that general exports to Gulf Cooperation Council (GCC) countries in 2010 grew 8 percent reaching USD20.5 billion, where the UAE took the largest share with total imports worth USD8.7 billion.
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