Saudi Arabia’s trade surplus reaches $3.8bn despite export decline
RIYADH: Saudi Arabia’s merchandise trade surplus stood at SR14.36 billion ($3.83 billion) in July, as falling imports partly cushioned a decline in exports, official data showed. According to preliminary data released by the General Authority for Statistics, merchandise exports fell 17.2 percent yea
Saudi Trade Surplus Dynamics
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Trade Surplus Metric: Saudi Arabia recorded a merchandise trade surplus of SR14.36 billion ($3.83 billion) in July.
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Export Performance: Merchandise exports experienced a 17.2 percent year-on-year decline.
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Import Cushioning: The narrowing of the trade deficit was supported by a simultaneous decrease in import volumes.
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Reporting Authority: Data was provided by the Saudi General Authority for Statistics.
Economic & Fiscal Impact
The reduction in both exports and imports reflects shifts in total merchandise trade volume.
A trade surplus of $3.83 billion was maintained despite the significant double-digit drop in exports.
Saudi Trade Statistics Q&A
What was the merchandise trade surplus in July? ▾
The surplus stood at SR14.36 billion, equivalent to $3.83 billion.
How did exports perform compared to the previous year? ▾
Merchandise exports recorded a decline of 17.2 percent year-on-year.
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