Oct 17 2012
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Saudi Non-Oil Exports Fall 22.7% on Yr to SAR10.8 Billion in August
Wednesday, Oct 17, 2012
RIYADH (Zawya Dow Jones)--Saudi Arabia's non-oil exports fell to the lowest level in 12 months reaching 10.8 billion Saudi riyals ($2.9 billion) in August, down 22.7% from SAR13.9 billion ($3.7 billion) in the year earlier, data from the Central Department of Statistics and Information, or CDSI, showed.
Exports of plastic products ranked first, accounting for 40.31% of total non-oil exports, while petrochemical products were the second largest constituent accounting for 28.78%, followed by foodstuffs which accounted for 8.39%, the data showed.
The United Arab Emirates was the top importer of the kingdom's non-oil goods in August, accounting for 11.62% of the total, followed by China accounting for 8.63% and Singapore accounting for 8.33%.
Saudi's main imports were machinery and electrical equipment, transport equipment, metals and their related products, accounting for 27.31%, 17.58% and 15.80%, respectively, of total imports. Foodstuff made up 12.11% of the total.
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