|19 June, 2019

Saudi Arabia’s trade surplus climbs 3%

Trade surplus declined to SAR 119.5 billion in Q1

Image for illustrative purpose. A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017.

Image for illustrative purpose. A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017.

REUTERS/Faisal Al Nasser

Riyadh – Mubasher: Saudi Arabia has achieved a 3% year-on-year growth in trade surplus during the first four months of 2019, reaching SAR 167.2 billion ($44.58 billion).

In April, the kingdom’s trade surplus grows to SAR 47.66 billion, compared to SAR 42.43 billion a year earlier, according to data compiled by Mubasher.

Meanwhile, trade surplus declined to SAR 119.5 billion in the first quarter of 2019, against SAR 119.8 billion in the year-ago period.

Total trade exchange of Saudi Arabia recorded SAR 505.46 billion from January to the end of April versus SAR 506.7 billion the year before.

Saudi merchandise exports increased by 0.55% year-on-year to SAR 336.33 billion in the four-month period ended 30 April.

On the other hand, the kingdom’s imports reached SAR 169.13 billion in the first four months of 2019, down from SAR 172.21 billion a year earlier.

Translated by: Muhammad Abdul-Wakeel

Source: Mubasher Exclusive

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