Kingdom's nonoil exports fall 21% to SR15.38 billion in June

Kingdom's nonoil exports fall 21% to SR15.38 billion in June
Updated 20 August 2015

Kingdom's nonoil exports fall 21% to SR15.38 billion in June

Kingdom's nonoil exports fall 21% to SR15.38 billion in June

RIYADH: Saudi nonoil exports dropped by 21.13 percent in June, 2015, to reach SR15.38 billion compared to SR19.5 billion in the same period last year, according to a report released by the Central Department of Statistics and Information (CDSI).

Meanwhile, Saudi imports fell by 9.92 percent to SR51.83 billion compared to SR57.54 billion in the same period last year, the CDSI report said.
In this context, Director General of CDSI Fawzan bin Osman Al-Fawzan attributed the fall of nonoil exports in June to the fall of the major commodities, notably transport equipment and their parts, which dropped by 33.6 percent to SR1 billion, chemical products by 27.5 percent to SR4.95 billion compared to SR6.83 billion in June, 2014.
Similarly, June exports of plastic and rubber products fell to SR4.9 billion compared to SR6.26 billion in June 2014 (- 21.72 percent), he said.
As regards imports, ordinary metals and their products showed a remarkable fall at 34.8 percent to reach SR5.06 billion in June compared to SR7.67 billion in June 2014.
Other imports fell at varying degrees in June 2015 as follows: Food and beverage imports at 17.13 percent (SR2.37 billion), and equipment, machinery and electrical utensils at 3.7 percent (SR14.63 billion), he said.
On the other hand, the volume of Kingdom’s nonoil exports to (non-GCC) Arab countries fell by 23.6 percent (SR2.24 billion) and GCC countries by 15.4 percent (SR3.65 billion), the CDSI report said.
The UAE, China, Singapore, India, and Egypt were the biggest five countries receiving the Saudi nonoil exports in June, or 41.36 percent of the total nonoil exports, the report said.
In the same month, China, the United States, Germany, South Korea, and Japan were the biggest five countries exporting goods to the Kingdom, or 46.56 percent of the Kingdom’s total imports, the report said.