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FINANCIAL NEWS
Saudi posts 27% increase in value of April’s non-oil exports
13 Jun 2012
(MENAFN) Saudi Central Department of Statistics and Information stated that in April, the value of non-oil exports jumped 27 percent from last year’s same period to USD4.32 billion, reported Arab News.
The agency said that petrochemical products accounted for 35 percent of total non-oil exports, with a value of USD1.51 billion, while plastic products represented 29 percent of non-oil exports during the period, with a value of USD1.26 billion.
It added that the bulk of the Kingdom’s non-oil exports went to China, which received 11.1 percent of total exports, whereas the UAE came second, followed by Singapore.
On the other hand, Saudi imported USD11.75 billion worth of goods, representing a rise of 9 percent from April 2011, with machines and electric equipment as the main imports, valued at USD2.96 billion.
It is worth noting that Saudi imports came mainly from the US, which contributed 14 percent to the country’s imports, followed by China with 13 percent and Japan with 7 percent.
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