RIYADH: Five commodities captured more than 69 percent of Saudi imports, whose value reached over SR530 billion by the end of 2015, according to figures released by the Saudi Customs Department. The five commodities included electric equipment, foodstuffs, transport equipment, ordinary metals and products, and chemical products and plastics.
Electric devices and equipment ranked atop Saudi imports last year at SR195 billion, or 30 percent of the overall imports, while its exports amounted to SR3.7 billion, the Customs Department report said.
Transport equipment occupied the second rank of Saudi imports at a value of SR119 billion, or 18 percent of the total imports, while its exports exceeded SR257.5 million.
Foodstuffs ranked third largest among imports in the year at SR87.4 billion, or 13.4 percent of the total imports. The Kingdom exported foodstuffs worth SR13.6 billion in the same year, the report said.
On the other hand, chemical products and plastics ranked top of the non-oil exports at SR118 billion, representing 74 percent of the Kingdom’s non-oil exports. The Kingdom imported chemical products worth SR60.5 billion in the year.
The People’s Republic of China topped 20 countries from which the Kingdom imported its requirements, while non-oil exports to it reached SR27 billion, the report said.
The United States was the second largest exporting country to the Kingdom at SR84 billion while non-oil exports reached SR3.5 billion. Germany was the third largest of the exporting countries to the Kingdom at SR47 billion.
The volume of the exempted customs duties, covering various exemptions, amounted to SR7 billion in 2015, of which, industrial and commercial exemptions stood at SR2 billion, a decrease of 20 percent compared to figures of the previous year, while exemptions of GCC factory products reached SR1.5 billion, the report said.
Electric devices and equipment ranked atop Saudi imports last year at SR195 billion, or 30 percent of the overall imports, while its exports amounted to SR3.7 billion, the Customs Department report said.
Transport equipment occupied the second rank of Saudi imports at a value of SR119 billion, or 18 percent of the total imports, while its exports exceeded SR257.5 million.
Foodstuffs ranked third largest among imports in the year at SR87.4 billion, or 13.4 percent of the total imports. The Kingdom exported foodstuffs worth SR13.6 billion in the same year, the report said.
On the other hand, chemical products and plastics ranked top of the non-oil exports at SR118 billion, representing 74 percent of the Kingdom’s non-oil exports. The Kingdom imported chemical products worth SR60.5 billion in the year.
The People’s Republic of China topped 20 countries from which the Kingdom imported its requirements, while non-oil exports to it reached SR27 billion, the report said.
The United States was the second largest exporting country to the Kingdom at SR84 billion while non-oil exports reached SR3.5 billion. Germany was the third largest of the exporting countries to the Kingdom at SR47 billion.
The volume of the exempted customs duties, covering various exemptions, amounted to SR7 billion in 2015, of which, industrial and commercial exemptions stood at SR2 billion, a decrease of 20 percent compared to figures of the previous year, while exemptions of GCC factory products reached SR1.5 billion, the report said.
