Saudi Arabia’s trade surplus reaches $3.8bn despite export decline
- Saudi Arabia's merchandise trade surplus reached SR14.36 billion ($3.83 billion) in July, despite a decline in exports.
- Merchandise exports fell by 17.2% year-on-year to SR84.38 billion, primarily due to decreases in both oil and non-oil exports.
- Imports decreased by 15.4% to SR70.02 billion, and the merchandise trade surplus shrank by 25% compared to the previous year.
- The percentage of oil exports out of total exports increased from 67.4% in July 2025 to 71.0% in July 2026.
- The UAE was the top destination for Saudi Arabia’s non-oil goods, followed by India and China.
- Non-oil exports, including re-exports, fell by 26.2%, with re-exported goods seeing a 40% decrease during the same period.
