China Tops List Of Saudi Export Destinations In Apr

6/28/2024 12:19:20 AM

(MENAFN- Nam News Network) RIYADH, Jun 28 (NNN-SPA) – China emerged as the leading destination for Saudi Arabia's exports, in Apr this year.

Citing the preliminary international trade data, released by the Saudi General Authority for Statistics, the report said, China was the largest importing nation for Saudi Arabia in Apr, contributing to 16.6 percent of the kingdom's total goods exports, valued at around 16.9 billion Saudi riyals (about 4.5 billion U.S. dollars).

According to the data, Japan and India ranked second and third places, with shares of 9.2 percent and 8.1 percent, respectively.

Saudi Arabia's trade balance recorded a surplus of about 41.4 billion riyals in Apr, the highest this year, registering a 36-percent increase from March and an over 48.5-percent rise since the beginning of this year, showed the data.

The kingdom's goods exports totalled 101.7 billion riyals in Apr, with non-oil exports reaching approximately 16.2 billion riyals, making up 16 percent of the total exports.

Between 2019 and 2023, the value of Saudi non-oil exports to China exceeded 176 billion riyals, with significant contributions from the sectors of chemicals, polymers and metals.– NNN-SPA

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