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Home Business Saudi Arabia’s non-oil exports increase by 4.4% in October

Saudi Arabia’s non-oil exports increase by 4.4% in October

by News desk
December 25, 2022
in Business

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Saudi Arabia’s non-oil exports, including re-exports, increased by 4.4 percent to SR24.9 billion ($6.62 billion) in October 2022, compared to SR23.9 billion recorded in October 2021, according to the latest report released by the General Authority for Statistics.

In its report, GASTAT noted that the Kingdom’s non-oil exports were driven by chemical and allied industries, accounting for 40.9 percent of non-oil merchandise exports in October.

The report further pointed out that overall merchandise exports increased by 13.9 percent in October to SR120.7 billion, up from SR106 billion in October 2021. .—AN