GASTAT: Non-oil exports increase by 26.1% in November 2021

Economics News
Published 25 Jan 2022
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GASTAT: Non-oil exports increase by 26.1% in November 2021

The General Authority for Statistics (GASTAT) released today the International Trade Report for November 2021.
According to the report, the overall merchandise exports increased by 82.5% in November 2021 compared to November 2020, when international trade was impacted by Covid-related lockdowns and travel bans in numerous countries.
The value of exports amounted to SAR 107.3 billion in November 2021, up from SAR 58.8 billion in November 2020. This increase originated mainly from oil exports, which rose by SAR 43.1 billion or 112.8% in the same period.
The share of oil exports in total exports increased from 65.0% in November 2020 to 75.8% in November 2021. Compared to October 2021, total merchandise exports increased by SAR 1.1 billion or 1.0%.
The report further revealed that non-oil exports increased by 26.1% year-on-year in November 2021, rising to SAR 26.0 billion from SAR 20.6 billion in November 2020, while non-oil exports increased compared to October 2021 by SAR 2.1 billion or 9.0%.
The Kingdom of Saudi Arabia's merchandise imports increased by 1.4% (SAR 0.7 billion) in November 2021. The value of imports amounted to SAR 49.4 billion in November 2021 compared to SAR 48.7 billion in November 2020. Imports increased compared to the previous month October 2021 by SAR 2.6 billion or 5.5%.

Last Modified Date: 25/01/2022 - 9:40 AM Saudi Arabia Time


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