Saudi non-oil exports, imports decline in second quarter

Riyadh: The value of Saudi Arabia’s non-oil exports fell in the second quarter of 2015 to about 46.64 billion riyals (Dh45.63 billion) compared to 56.19 billion riyals for the same quarter of last year, a decrease of 9.55 billion riyals or a percentage of 17 per cent, figures released by the Central Department of Statistics and Information (CDSI) showed.

The report, which was carried by Saudi Press Agency, said the Kingdom’s non-oil commodity exports were down 28.06 per cent in the second quarter of 2015 compared to 33.04 per cent for the same quarter of last year, but this ratio was low from the first quarter of 2015, which registered 28.98 per cent.