Business | Economy
Saudi Arabia's non-oil exports rise 28% in April
The value of Saudi Arabia's exports of non-oil products during April rose 28 per cent to 10.3 billion Saudi riyals from 8.1 billion riyals during the same period last year, an increase of 2.2 billion riyals.
- By Mariam Al Hakeem, Correspondent
- Published: 00:07 June 27, 2008
Riyadh: The value of Saudi Arabia's exports of non-oil products during April rose 28 per cent to 10.3 billion Saudi riyals from 8.1 billion riyals during the same period last year, an increase of 2.2 billion riyals.
According to the latest report of the General Statistics and Information Bureau, the Gulf Co-operation Council (GCC) states rank on top of the list of countries importing goods from Saudi Arabia in April. The non-Arab Muslim countries of Asia stood second, followed by other Arab countries.
The report, released yesterday, revealed that UAE tops the countries importing goods from the kingdom during the month of April. It was followed by the two Gulf states Bahrain and Kuwait.
The US ranks top among the nations from where Saudi Arabia exported goods in April. China and Japan come next in second and third positions. The European Union stood first among the group of countries from where Saudi Arabia imported goods during the month.
Non-Arab and Muslim Asian countries and the Latin American countries are the groups coming next to the EU, the report pointed out.
Among the exported goods, petrochemical products stood first place. They were followed by plastics, and minerals and their byproducts.
Imports
The value of kingdom's imported goods rose by 13 per cent to 31.72 billion riyals, an increase of to 3.62 billion riyals during the month comparing with 28.09 billion riyals in April 2007.
Referring to the bilateral trade between Saudi Arabia and other GCC States, the report showed that there has been an increase of 31 per cent in the import of goods produced in other GCC states amounting to 1.49 billion riyals against 1.14 billion riyals during the same period in 2007.
On other hand, Saudi Arabia's export of non-oil goods produced locally to the GCC states posted an increase of 35 per cent, to the tune of 2.79 billion riyals in April against 2.07 billion riyals during the same period last year.
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