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.
Related Articles
Egypt brings new gas well online with 10mn cubic feet/day output
Egypt’s Ministry of Petroleum and Mineral Resources is finalising procedures to bring a new natural gas well, North El-Basant-1, into production with an expected output of around 10mn cubic feet ... more
Tunisia kicks off stalled expansion of solar projects with 1.3GW capacity push
Tunisia is finally accelerating the deployment of its large-scale photovoltaic (PV) sector after years of slow progress, with construction now underway across multiple major projects, PV-Magazine ... more
Shell and Petronas seek 20% gas price increase for Egypt’s West Delta marine phase
UK energy major Shell (LON:SHEL) and Malaysia's national oil and gas company Petronas have asked the Egyptian Natural Gas Holding Company (EGAS) to raise the gas price for the upcoming Phase 12 ... more