Riyadh — Saudi Arabia’s overall exports increased by 91.8% in June 2021 compared to June 2020, when international trade had slumped due to COVID-19.
The Total value of exports amounted to SR84.7 billion in June 2021, rising from SR44.2 billion in June 2020. This increase was mainly oil-driven, which rose by SR33.7 billion or 123.2% vs. the same period last year.
Oil exports’ share increased from 62.0% in June ’20 to 72.1% in June ’21.
The share of Non-oil exports increased by 40.5% on a year-on-year basis, rising to SR23.6 billion from SR16.8 billion in June 2020.
Exports of Non-oil merchandise increased compared to the previous month (May 2021) by SR1.6 billion or 7.2%.
The report states China is Saudi Arabia’s leading trading partner for merchandise trade. In June 2021, exports to China amounted to SR15.9 billion (18.8% of total exports).
Imports from China amounted to SR8.3 billion (18.1% of total imports) in June 2021, making this country the primary origin for imports of Saudi Arabia. The US and the United Arab Emirates followed next with imports of SR4.5 billion (9.9% of total imports) and SR4.4 billion (9.6% of total imports).