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RIYADH: Saudi Arabia’s merchandise imports decreased 16.1 p.c to SR57.9 billion ($15.4 billion) in April 2023 in comparison with SR69 billion within the earlier month, in accordance with the most recent information launched by the Basic Authority for Statistics.
Nevertheless, the Kingdom’s merchandise imports elevated by 1 p.c in April 2023 in comparison with SR57.3 million in April 2022.
In response to the GASTAT report, general merchandise exports decreased 25.2 p.c to SR103 billion in April 2023 in comparison with SR137.7 billion in the identical month final 12 months.
It declined 4.2 p.c from SR107.5 billion in March 2023.
The autumn was pushed by oil exports which dipped 23.6 p.c to SR83.8 billion in April 2023 from SR109.7 billion in the identical month final 12 months.
Earlier this month, information launched by the Joint Organizations Information Initiative confirmed that the Kingdom’s crude oil exports fell to a five-month low in April 2023.
It slumped 2.6 p.c to 7.31 million barrels per day in April 2023 in comparison with 7.51 million bpd within the earlier month.
GASTAT additional reported that non-oil exports, together with re-exports, decreased 31.2 p.c 12 months on 12 months to SR19.2 billion in April 2023.
The non-oil items that had been most exported included chemical substances and allied merchandise, which constituted 34.6 p.c of the outbound commerce.
China remained Saudi Arabia’s most energetic buying and selling associate in April 2023, shopping for SR18 billion or 17.5 p.c of the Kingdom’s general exports.
Exports to Japan and South Korea in April 2023 had been price SR11.2 billion and SR9.9 billion, respectively.
“India, the US, the UAE, Poland, Bahrain, Taiwan and Singapore had been the opposite nations that ranked within the prime 10 locations,” mentioned GASTAT within the report.
Then again, imports from China to the Kingdom amounted to SR11.3 billion or 19.5 p.c of the entire imports in April 2023.
The report added that imports from the US and India had been price SR5 billion and SR3.4 billion, respectively.
The UAE, Germany, Japan, South Korea, Greece, Switzerland and Italy had been the opposite nations that ranked within the prime 10 nations for imports.
The Kingdom’s imports from these nations amounted to SR36.5 billion or 63 p.c of the entire imports.
In the meantime, Jeddah Islamic Port offloaded the utmost items in April, amounting to SR17 billion or 29.3 p.c of the entire imports.
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