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FINANCIAL NEWS
Saudi nonoil exports hit USD4.63b in November
18 Jan 2015
(MENAFN) According to the Central Department of Statistics and Information (CDSI), Saudi nonoil exports registered a marginal drop of 0.33 percent in November to reach USD4.63 billion compared with the same month in 2013 while imports grew by 4.6 percent to USD13.51 billion, Arab News reported.
The report showed that plastic and rubber products topped the Kingdom’s list of nonoil exports in November and registered 31.99 percent of total exports valued at USD1.48 billion, while chemical products came in second with a value of USD1.31 billion, or 28.37 percent, followed by transport equipment and their parts by 9.84 percent, or USD454.91 million, of the total value of exports.
Meanwhile, equipment, machinery and electrical utensils topped the list as the highest value of Saudi imports in November with 28.51 percent of the total value of imports, followed by transport materials at 19.84 percent, and ordinary metals and their products at 9.90 percent, the report said.
In terms of countries, the UAE topped the list of major importers from Saudi Arabia by 15.72 percent of the total value of exports in November, followed by China at 10.93 percent and Singapore at 5.39 percent, while in regards to countries from where the Kingdom is importing commodities, China came at the top at 15.65 percent of the total Saudi imports, followed by the United States at 13.31 percent and Germany at 6.34 percent.
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