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FINANCIAL NEWS
Saudi imports hit USD157 billion in 2012
11 Jul 2013
(MENAFN) Official report revealed that Saudi imports last year increased by 19 percent to USD156.71 billion compared to 2011, Arab News reported.
The Customs Department said it gained USD5.9 billion revenues from imports in 2012, a 13.5 percent increase from the previous year.
The report detailed that there was 19.9 percent increase in the number of vehicles and trucks that crossed the Kingdom’s land and sea borders to reach 18.6 million vehicles compared to 15.5 million in the previous year.
The department also reported an 8 percent increase in the Kingdom’s nonoil exports to USD45.3 billion last year.
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