29 Mar 2024

Last update 27 / 07 / 2017

GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)

GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
The value of merchandise exports of Saudi Arabia during the first quarter of 2017 amounted to (206984) million riyals compared to (140186) million riyals for the same quarter last year, with an increase of (66799) million riyals (47.7%). While non-oil exports amounted to (44849) million riyals during the first quarter of 2017 compared to (43029) million riyals for the same period last year, with an increase of (1820) million riyals (4.2%). The value of Saudi Arabia's imports during the first quarter decreased by (12.3%) to reach (125558) million riyals with a decrease of (17542) million riyals compared to same quarter last year which recorded (143100) million riyals.
According to the quarterly report issued by GaStat for the first quarter of 2017, the value of Saudi merchandise exports recorded an increase of (5.2%) compared to the last quarter (4th quarter 2016) which recorded (196842) million riyals. While non-oil exports recorded a decrease of (4.5%)compared to the last quarter (4th quarter 2016) which recorded (46964) million riyals. The Saudi imports recorded a decrease of (0,05%) compared to the last quarter which recorded (125616) million riyals. The ratio of non-oil exports to imports reached (35.7%) in the first quarter of 2017 compared to (30.1%) for the same quarter last year, but this percentage was lower than the previous quarter (fourth quarter 2016), which recorded (37.4%).  
The report shows that 20.4% of the imports were capital goods, 39.3% intermediate goods and 40.3% imports were goods for final consumption.
The increase in the value of non-oil exports in the first quarter of 2017 compared to the same quarter of last year was the result of the rise of the most important sections of merchandises exported, mainly plastics, rubber and their products, which rose by (9.8%) to the value of (14570) million riyals.
The products of chemical industries and related industries increased to (13355) million riyals compared to (11361) million riyals in the first quarter of 2016, which means an increase of (1993) million riyals (17.5%). Base metals and its products increased to (3703) million riyals Compared to (3636) million riyals in the first quarter of 2016, which means an increase of (66) million riyals (1.8%). The exports of Saudi Arabia in the transport equipment and its parts, machinery, and electrical appliances and equipment section reached (6204) million riyals which form (13.8%) of the Saudi non-oil exports in this period.
Regarding imports, the machinery, electrical appliances and equipment and thereof decreased by (19.3%) to reach (30191) million riyals in the first quarter of 2017 compared to (37397) million riyals in the first quarter of 2016. The imports of transportation equipment and thereof decreased to (20529) million riyals compared to (25377) million riyals (19.1%). While imports of chemical products and related industries decreased by (4.7%) to record (12638) million riyals in the first quarter of 2017 compared to (13268) million riyals for the same period last year.
The report pointed out that the total volume of non-oil exported merchandise increased to (13248) thousand tons in the first quarter of 2017 compared to (13103) thousand tons in the first quarter of 2016, which means an increase of 1.1%. The volume of imports in the first quarter of 2017 also decreased to (17130) thousand tons compared to (20561) thousand tons for the same quarter of last year with a decrease of (16.7%). 
On the geographical distribution of Saudi Arabia's exports of non-oil merchandise, the report pointed out that exports to Asian countries, excluding Arab and Islamic countries, are at the top of the groups that have been exported to, recording a rise of (32.1%) to register (14246) in the first quarter of 2017 compared to (10781) million riyals in the first quarter 2016.
Exports to the GCC countries decreased by (4.9%) to reach (11934) million riyals, while the rest of the groups decreased to (5.3%) to register (18669) million riyals.
UAE is the top country for exports in the first quarter of 2017:
The United Arab Emirates, China, India, Singapore and Kuwait are the top countries for exports, as their exports formed (41.7%) of the total non-oil exports compared to (36.6%) in the first quarter of 2016.
China is the top country for imports in the first quarter of 2017: 
The United States of America, China, Germany, the United Arab Emirates and Japan are the top countries of imports, as their merchandise imports formed (45.9%) compared to (46%) in the first quarter of 2016.
 

 

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