Saudi non-oil imports grow faster than exports in 2012

By bne IntelliNews June 7, 2013

Saudi non-oil exports grew by 6.5% y/y to SAR 1.5tn (USD 386.6bn) in 2012, the Central Department for Statistics and Information said in an annual report. The mining sector claimed the lion’s share of exports accounting for 87% of the total, followed by petrochemicals and rubber products. Exports registered healthy gains across all major industries with exports of mining products going up by 6.2% SAR 1.266tn, petrochemicals by 10.2% to SAR 68.34bn, rubber products by 7% to SAR 58.49bn, transportation by 37% to SAR 13.88bn, base metals by 6.2% to SAR 10.74bn and food and beverage by 7.8% SAR 5.53bn. Over 57.89% of Saudi exports were destined to five countries: the United States, Japan, China, South Korea and India, in that order.

Meanwhile, Saudi non-oil imports jumped by 18.2% y/y to SAR 583bn (USD 155.4bn) in 2012 led by electrical equipment and products followed by transportation equipment. Imports of electrical products were up 17.5% to SAR 154bn, of transportation equipment increased by 34.2% to SAR 103.54bn, of base metals went up by 21.3% to SAR 80.36bn and of chemical products rose 14.8% to SAR 48.2bn. Imports were mainly sourced from the United States, China, Germany, Japan and South Korea, in that order.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Xlinks warns cost of Morocco-UK Power Project could rise some 25% to reach $30bn

UK renewable energy producer Xlinks, noting significant upward pressure on the cost of all energy projects, has warned that construction of the Morocco-UK Power Project could reach $27bn to $30bn, up ... more

Morocco in talks with investors to build EV battery gigafactories, says minister

The Moroccan government is in extensive talks to attract more electric vehicle (EV) battery manufacturers to support its growing automotive sector and meet soaring demand, industry and trade minister ... more

UAE’s Masdar, Uzbekhydroenergo partner up to evaluate potential of national hydro power storage

United Arab Emirates renewable energy company Masdar has partnered with Uzbekhydroenergo to evaluate the potential of national hydroelectric power storage projects. Masdar and Uzbekhydroenergo, a ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss