FINANCIAL NEWS

Saudi nonoil exports declines to USD12.52b

24 Jun 2015

(MENAFN) Saudi Arabia’s nonoil exports decreased to USD12.52 billion in the first quarter of the year, marking a plunge by 14.5 percent, according to a report issued by the Central Department of Statistics and Information (CDSI), Arab News reported.

Nonetheless, Saudi imports increased to USD43.31 billion, proving an increase by 6.88 percent when compared to the numbers logged in the corresponding period last year, the CDSI report added.

Plastic and rubber products topped the Kingdom’s list of exports in the first quarter and registered 31.6 percent of nonoil exports valued at USD3.99 billion, the report said.

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