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|14 August, 2018

Saudi trade surplus leaps 161% in June

Saudi Arabia’s trade surplus grew to $16.36bln in June

Image used for illustrative purpose. High Angle View Of Hands With Money Over Wooden Table. Photo Taken In Malaysia, Petaling Jaya

Image used for illustrative purpose. High Angle View Of Hands With Money Over Wooden Table. Photo Taken In Malaysia, Petaling Jaya

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Riyadh –   Saudi Arabia's trade surplus registered a year-on-year increase of 160.7% in June, according to a recent report by the Saudi General Authority for Statistics (GASTAT).

The kingdom’s trade surplus grew to SAR 61.34 billion ($16.36 billion) in June, up from SAR 23.53 billion ($6.27 billion) in June 2017.

Month-on-month, the GCC nation’s trade surplus jumped 23.4% in June, compared to SAR 49.7 billion a month earlier.

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Moreover, the merchandise trade went up 37.8% to SAR 129.75 billion in June, from SAR 94.18 billion in the prior-year period.

It is worth noting that the Saudi merchandise exports surged 62.3% year-on-year to SAR 95.5 billion in June, while merchandise imports declined 3.2% year-on-year to SAR 34.2 billion in the same period.

Source: Mubasher

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