Saudi-Arabien Handelsbilanzsaldo

Saudi Arabia’s trade surplus narrowed to SAR 20.8 billion in October 2024 from SAR 29.1 billion in the corresponding month of the previous year, as exports fell much faster than imports. Exports declined by 10.7% year-on-year to SAR 92.8 billion, dragged by lower sales of oil products (-17.2%), which accounted for 72.6% of total exports. China remained the top destination for Saudi exports, making up 16.1% of the total, followed by India (9.5%) and Japan (9.4%). Meanwhile, imports dropped at a softer 3.8% to SAR 72 billion, as increased purchases of machinery, electrical equipment & parts (6.9%), which constituted 25.7% of total imports, partially offset a decline in transportation equipment & parts (-21.6%), which represented 15.3% of total imports. Among main suppliers, China also held the largest share of imports at 24.4%, followed by the US (7.9%), and the UAE (6%).