28 December 2010
JEDDAH: Saudi Arabian petrochemical exports rose 32 percent in value in the third quarter from the year-ago period as prices rebounded amid strong demand from Asia and European Union, the Department of Statistics and Information said on its website Sunday.
Exports increased to SR9.59 billion ($2.56 billion) from SR7.28 billion, the department said.
Saudi Arabia exported 5.89 million tons of petrochemicals in the third quarter, 16 percent more than same period last year and a 9.6 increase from the second quarter.
The volume of non-oil exports to Asia increased 13 percent from a year earlier, and it rose 34 percent to the EU, the data noted.
Saudi Arabia is adding five petrochemical crackers in the next five years and plans to increase chemical exports.
The Kingdom expects to report better petrochemical exports in the fourth quarter with demand rebounding in Asia, Abdul-Rahman Al-Zamil, the head of the Riyadh-based Export Development Center, said in November.
JEDDAH: Saudi Arabian petrochemical exports rose 32 percent in value in the third quarter from the year-ago period as prices rebounded amid strong demand from Asia and European Union, the Department of Statistics and Information said on its website Sunday.
Exports increased to SR9.59 billion ($2.56 billion) from SR7.28 billion, the department said.
Saudi Arabia exported 5.89 million tons of petrochemicals in the third quarter, 16 percent more than same period last year and a 9.6 increase from the second quarter.
The volume of non-oil exports to Asia increased 13 percent from a year earlier, and it rose 34 percent to the EU, the data noted.
Saudi Arabia is adding five petrochemical crackers in the next five years and plans to increase chemical exports.
The Kingdom expects to report better petrochemical exports in the fourth quarter with demand rebounding in Asia, Abdul-Rahman Al-Zamil, the head of the Riyadh-based Export Development Center, said in November.
© The Saudi Gazette 2010
