Saudi’s petchem exports hit $2.56b in Q3

27 Dec 2010

(MENAFN) Abdul Rahman Al Zamil, head of Riyadh-based Export Development Center, revealed that Saudi Arabia’s petrochemical exports during the July-September period of 2010 hit $2.56 billion, up from $1.94 billion, year on year, registering a 32 percent surge, Bloomberg reported.

According to the Department of Statistics and Information, the rise in petchem exports was driven by strong demand from Asia and the European Union (EU), whereas the Kingdom exported 5.89 million tons during the mentioned period, amounting to a 16 percent jump, year on year, and a 9.6 rise compared to the previous quarter.

Official data showed that the volume of non-oil exports to Asia increased 13 percent from a year earlier, and it rose 34 percent to the EU. Furthermore, Saudi Arabia, holder of the world’s largest oil reserves, is adding five petrochemical crackers in the next five years and plans to increase chemical exports.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.