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Dr. Altekhaifi: GaStat works on enhancing the national and international collaborations to raise the data quality and support decision and policy makers
12-09-2017
Participating with 40 countries in the International Association for Official Statistics (IAOS) conference
Dr. Altekhaifi: GaStat works on enhancing the national and international collaborations to raise the data quality and support decision and policy makers
GaStat participates in IAOS conference 2016 (round 15) Under the Patronage of H.H. Sheikh
Hazza bin Zayed Al Nahyan, Vice chairman of Abu Dhabi executive council. The conference is organized by Statistics Center in Abu Dhabi. The main theme of the IAOS 2016 conference is "The Spirit of Official Statistics: Partnership and Continuous Innovation". The conference activities will conclude on December- 8-2016.
Dr. fahad bin Sulaiman Altekhaifi, GaStat president, said that the authority keeps enhancing its experience and raising the data quality through an integrated program for all local, regional, and international collaborations, in addition to following the best international practices in order to provide comprehensive and high-quality statistical data that support policy and decision maker. He revealed that the strategic collaboration program is an essential part of the statistical sector' strategic transformation program in Saudi Arabia. GaStat worked on preparing a transformation map in the statistical work. This map included a number of projects and initiatives that cope with the 2020 national transformation program and 2030 Saudi vision. The statistical transformation project depended on three main dimensions; quality of statistical products, concentrating on clients, and activating the statistical sector. Using these three dimensions, GaStat went through six main tracks represented in reformulating the authority tendencies in a way that achieves the goals and reflects the clients tendency, reevaluating the products and services provided by the authority, determining the required operating activities to provide products and services according to clients needs, enhancing the technical part in the authority, modifying culture and developing statistical awareness, in addition to assuring the existence of the organizational structure and the governance to make a transformation. Each track has a group of projects and initiatives that are integrated with each other, so that they can contribute in implementing the strategic transformation program. These projects and initiatives aim at activating the statistical part, evaluating the products and services, and developing methodologies, standards, and classifications. This can be achieved after preparing the authority administratively, financially, technically, and systematically to pursue in the transformation process. In addition to raising the statistical awareness and culture among all users of data, information, and statistics.
On the other hand, Dr. Fahad asserted that IAOS conference was held in a time, during which all GCC statistical entities work together to achieve the vision of the custodian of the two holly mosques that enhances integration between GCC countries, improves GCC statistical performance, and meets the leaders expectations. All GCC statistical entities work on supporting the integrated work especially the collaboration between them, so that they can deal with all GCC essential issues.
GaStat participation in this conference represents its belief in collaboration and how it develops the statistical work and raises awareness among all producers and users of data. Moreover, it identifies the importance of official statistics and how they support the developmental resolutions in the region. Altekhaifi clarified that GaStat along with all GCC statistical entities are trying to enhance and develop the concept of official statistics so that they reach an excellent level of efficiency. Furthermore, they enhance the value of official statistics in the information community. They also enhance collaborations, innovation, and national statistical system update.
H.E. expressed his gratitude for the great hospitality of Abu Dhabi in this conference. It is the first country in the region that organizes an IAOS conference, as this conference is held every two years by one of the IAOS members. So, this assured the GCC statistical entities role in the region.
It is worth mentioning that the 15th round of the conference depends on four main aspects, about which all sessions are conducted. The aspects are: enhancing the value of official statistics in the information community, making collaborations to achieve results, innovation and updating national statistical systems, and following the main principals in the statistical work practice.
Dr. Altekhaifi: GaStat works on enhancing the national and international collaborations to raise the data quality and support decision and policy makers
12-09-2017
Participating with 40 countries in the International Association for Official Statistics (IAOS) conference
Dr. Altekhaifi: GaStat works on enhancing the national and international collaborations to raise the data quality and support decision and policy makers
GaStat participates in IAOS conference 2016 (round 15) Under the Patronage of H.H. Sheikh
Hazza bin Zayed Al Nahyan, Vice chairman of Abu Dhabi executive council. The conference is organized by Statistics Center in Abu Dhabi. The main theme of the IAOS 2016 conference is "The Spirit of Official Statistics: Partnership and Continuous Innovation". The conference activities will conclude on December- 8-2016.
Dr. fahad bin Sulaiman Altekhaifi, GaStat president, said that the authority keeps enhancing its experience and raising the data quality through an integrated program for all local, regional, and international collaborations, in addition to following the best international practices in order to provide comprehensive and high-quality statistical data that support policy and decision maker. He revealed that the strategic collaboration program is an essential part of the statistical sector' strategic transformation program in Saudi Arabia. GaStat worked on preparing a transformation map in the statistical work. This map included a number of projects and initiatives that cope with the 2020 national transformation program and 2030 Saudi vision. The statistical transformation project depended on three main dimensions; quality of statistical products, concentrating on clients, and activating the statistical sector. Using these three dimensions, GaStat went through six main tracks represented in reformulating the authority tendencies in a way that achieves the goals and reflects the clients tendency, reevaluating the products and services provided by the authority, determining the required operating activities to provide products and services according to clients needs, enhancing the technical part in the authority, modifying culture and developing statistical awareness, in addition to assuring the existence of the organizational structure and the governance to make a transformation. Each track has a group of projects and initiatives that are integrated with each other, so that they can contribute in implementing the strategic transformation program. These projects and initiatives aim at activating the statistical part, evaluating the products and services, and developing methodologies, standards, and classifications. This can be achieved after preparing the authority administratively, financially, technically, and systematically to pursue in the transformation process. In addition to raising the statistical awareness and culture among all users of data, information, and statistics.
On the other hand, Dr. Fahad asserted that IAOS conference was held in a time, during which all GCC statistical entities work together to achieve the vision of the custodian of the two holly mosques that enhances integration between GCC countries, improves GCC statistical performance, and meets the leaders expectations. All GCC statistical entities work on supporting the integrated work especially the collaboration between them, so that they can deal with all GCC essential issues.
GaStat participation in this conference represents its belief in collaboration and how it develops the statistical work and raises awareness among all producers and users of data. Moreover, it identifies the importance of official statistics and how they support the developmental resolutions in the region. Altekhaifi clarified that GaStat along with all GCC statistical entities are trying to enhance and develop the concept of official statistics so that they reach an excellent level of efficiency. Furthermore, they enhance the value of official statistics in the information community. They also enhance collaborations, innovation, and national statistical system update.
H.E. expressed his gratitude for the great hospitality of Abu Dhabi in this conference. It is the first country in the region that organizes an IAOS conference, as this conference is held every two years by one of the IAOS members. So, this assured the GCC statistical entities role in the region.
It is worth mentioning that the 15th round of the conference depends on four main aspects, about which all sessions are conducted. The aspects are: enhancing the value of official statistics in the information community, making collaborations to achieve results, innovation and updating national statistical systems, and following the main principals in the statistical work practice.
GaStat launches more than 45 new statistical products
12-09-2017
GaStat launches more than 45 new statistical products
12-09-2017
GaStat honours Tawuniya
12-09-2017
For its role in raising statistical awareness within the economic survey
GaStat honours Tawuniya
H.E. Dr.Fahad Altekhaifi, the President of the General Authority for Statistics (GaStat), expressed his thanks to Tawuniya insurance company for supporting the operations of the economic survey of establishments (2016) that aim to support statistical awareness programs.
H.E. GaStat President stressed that giving the opportunity for the private sector to sponsor specialized surveys and research comes within the framework of enabling the support of statistical awareness, in which Gastat aims to raise the awareness of any research or study targeted groups to the importance of the information provided and its role in supporting relevant development decisions. He added that the private sector in the Kingdom of Saudi Arabia realizes its societal role and offers a number of supporting initiatives to achieve the goals of government agencies.
Dr. Altekhaifi explained that in this year, GaStat conducted its periodic economic survey through a series of economic research and surveys in order to provide detailed economic data of all establishments in the private and public sector and non-profit organizations to prepare indicators that help in recognizing the economic activities growth rate. More than 650 statistical researchers collected the data of 33,500 establishments in all regions of the Kingdom in order to obtain detailed economic data related to different aspects of the establishment.
Mr. Raed bin Abdullah Al-Tamimi, Tawuniya CEO, expressed pride in the strategic collaboration with GaStat through his visit to GaStat. He clarified that this sponsorship is part of the initiatives of Tawuniya to support the statistical awareness of the Saudi society because of the importance of its results in the development of the private sector. Mr. Al-Tamimi expressed his thanks to Gastat for giving them the opportunity to contribute in achieving the objectives of economic statistical products that supports the economic projects.
Mr. Al-Tamimi added that Tawuniya, as the leading insurance industry in the Kingdom, supports the economic projects especially small and medium enterprises and national authorities to complete the initiatives that have a positive impact on the society and insurance sector. He noted that Tawuniya has a great experience in insurance practices and provides a variety of insurance solutions that meet the needs of all business sectors, drawing attention that this approach is in line with the 2030 Saudi Vision.
Al-Tamimi asserted the importance of providing economic information about economic establishments to support decision makers in drawing a clear roadmap that contributes in implementing the goals and plans of the national transformation program. This program supports the role of economic establishments especially small and medium establishments in the GDP at a rate of up to 25% in 2020, which will contribute to reduce the dependence on oil and diversify sources of income.
GaStat honours Tawuniya
12-09-2017
For its role in raising statistical awareness within the economic survey
GaStat honours Tawuniya
H.E. Dr.Fahad Altekhaifi, the President of the General Authority for Statistics (GaStat), expressed his thanks to Tawuniya insurance company for supporting the operations of the economic survey of establishments (2016) that aim to support statistical awareness programs.
H.E. GaStat President stressed that giving the opportunity for the private sector to sponsor specialized surveys and research comes within the framework of enabling the support of statistical awareness, in which Gastat aims to raise the awareness of any research or study targeted groups to the importance of the information provided and its role in supporting relevant development decisions. He added that the private sector in the Kingdom of Saudi Arabia realizes its societal role and offers a number of supporting initiatives to achieve the goals of government agencies.
Dr. Altekhaifi explained that in this year, GaStat conducted its periodic economic survey through a series of economic research and surveys in order to provide detailed economic data of all establishments in the private and public sector and non-profit organizations to prepare indicators that help in recognizing the economic activities growth rate. More than 650 statistical researchers collected the data of 33,500 establishments in all regions of the Kingdom in order to obtain detailed economic data related to different aspects of the establishment.
Mr. Raed bin Abdullah Al-Tamimi, Tawuniya CEO, expressed pride in the strategic collaboration with GaStat through his visit to GaStat. He clarified that this sponsorship is part of the initiatives of Tawuniya to support the statistical awareness of the Saudi society because of the importance of its results in the development of the private sector. Mr. Al-Tamimi expressed his thanks to Gastat for giving them the opportunity to contribute in achieving the objectives of economic statistical products that supports the economic projects.
Mr. Al-Tamimi added that Tawuniya, as the leading insurance industry in the Kingdom, supports the economic projects especially small and medium enterprises and national authorities to complete the initiatives that have a positive impact on the society and insurance sector. He noted that Tawuniya has a great experience in insurance practices and provides a variety of insurance solutions that meet the needs of all business sectors, drawing attention that this approach is in line with the 2030 Saudi Vision.
Al-Tamimi asserted the importance of providing economic information about economic establishments to support decision makers in drawing a clear roadmap that contributes in implementing the goals and plans of the national transformation program. This program supports the role of economic establishments especially small and medium establishments in the GDP at a rate of up to 25% in 2020, which will contribute to reduce the dependence on oil and diversify sources of income.
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
27-07-2017
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.
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
27-07-2017
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.
Dr. Altekhaifi: GaStat works on enhancing the national and international collaborations to raise the data quality and support decision and policy makers
12-09-2017
Participating with 40 countries in the International Association for Official Statistics (IAOS) conference
Dr. Altekhaifi: GaStat works on enhancing the national and international collaborations to raise the data quality and support decision and policy makers
GaStat participates in IAOS conference 2016 (round 15) Under the Patronage of H.H. Sheikh
Hazza bin Zayed Al Nahyan, Vice chairman of Abu Dhabi executive council. The conference is organized by Statistics Center in Abu Dhabi. The main theme of the IAOS 2016 conference is "The Spirit of Official Statistics: Partnership and Continuous Innovation". The conference activities will conclude on December- 8-2016.
Dr. fahad bin Sulaiman Altekhaifi, GaStat president, said that the authority keeps enhancing its experience and raising the data quality through an integrated program for all local, regional, and international collaborations, in addition to following the best international practices in order to provide comprehensive and high-quality statistical data that support policy and decision maker. He revealed that the strategic collaboration program is an essential part of the statistical sector' strategic transformation program in Saudi Arabia. GaStat worked on preparing a transformation map in the statistical work. This map included a number of projects and initiatives that cope with the 2020 national transformation program and 2030 Saudi vision. The statistical transformation project depended on three main dimensions; quality of statistical products, concentrating on clients, and activating the statistical sector. Using these three dimensions, GaStat went through six main tracks represented in reformulating the authority tendencies in a way that achieves the goals and reflects the clients tendency, reevaluating the products and services provided by the authority, determining the required operating activities to provide products and services according to clients needs, enhancing the technical part in the authority, modifying culture and developing statistical awareness, in addition to assuring the existence of the organizational structure and the governance to make a transformation. Each track has a group of projects and initiatives that are integrated with each other, so that they can contribute in implementing the strategic transformation program. These projects and initiatives aim at activating the statistical part, evaluating the products and services, and developing methodologies, standards, and classifications. This can be achieved after preparing the authority administratively, financially, technically, and systematically to pursue in the transformation process. In addition to raising the statistical awareness and culture among all users of data, information, and statistics.
On the other hand, Dr. Fahad asserted that IAOS conference was held in a time, during which all GCC statistical entities work together to achieve the vision of the custodian of the two holly mosques that enhances integration between GCC countries, improves GCC statistical performance, and meets the leaders expectations. All GCC statistical entities work on supporting the integrated work especially the collaboration between them, so that they can deal with all GCC essential issues.
GaStat participation in this conference represents its belief in collaboration and how it develops the statistical work and raises awareness among all producers and users of data. Moreover, it identifies the importance of official statistics and how they support the developmental resolutions in the region. Altekhaifi clarified that GaStat along with all GCC statistical entities are trying to enhance and develop the concept of official statistics so that they reach an excellent level of efficiency. Furthermore, they enhance the value of official statistics in the information community. They also enhance collaborations, innovation, and national statistical system update.
H.E. expressed his gratitude for the great hospitality of Abu Dhabi in this conference. It is the first country in the region that organizes an IAOS conference, as this conference is held every two years by one of the IAOS members. So, this assured the GCC statistical entities role in the region.
It is worth mentioning that the 15th round of the conference depends on four main aspects, about which all sessions are conducted. The aspects are: enhancing the value of official statistics in the information community, making collaborations to achieve results, innovation and updating national statistical systems, and following the main principals in the statistical work practice.
GaStat launches more than 45 new statistical products
12-09-2017
GaStat honours Tawuniya
12-09-2017
For its role in raising statistical awareness within the economic survey
GaStat honours Tawuniya
H.E. Dr.Fahad Altekhaifi, the President of the General Authority for Statistics (GaStat), expressed his thanks to Tawuniya insurance company for supporting the operations of the economic survey of establishments (2016) that aim to support statistical awareness programs.
H.E. GaStat President stressed that giving the opportunity for the private sector to sponsor specialized surveys and research comes within the framework of enabling the support of statistical awareness, in which Gastat aims to raise the awareness of any research or study targeted groups to the importance of the information provided and its role in supporting relevant development decisions. He added that the private sector in the Kingdom of Saudi Arabia realizes its societal role and offers a number of supporting initiatives to achieve the goals of government agencies.
Dr. Altekhaifi explained that in this year, GaStat conducted its periodic economic survey through a series of economic research and surveys in order to provide detailed economic data of all establishments in the private and public sector and non-profit organizations to prepare indicators that help in recognizing the economic activities growth rate. More than 650 statistical researchers collected the data of 33,500 establishments in all regions of the Kingdom in order to obtain detailed economic data related to different aspects of the establishment.
Mr. Raed bin Abdullah Al-Tamimi, Tawuniya CEO, expressed pride in the strategic collaboration with GaStat through his visit to GaStat. He clarified that this sponsorship is part of the initiatives of Tawuniya to support the statistical awareness of the Saudi society because of the importance of its results in the development of the private sector. Mr. Al-Tamimi expressed his thanks to Gastat for giving them the opportunity to contribute in achieving the objectives of economic statistical products that supports the economic projects.
Mr. Al-Tamimi added that Tawuniya, as the leading insurance industry in the Kingdom, supports the economic projects especially small and medium enterprises and national authorities to complete the initiatives that have a positive impact on the society and insurance sector. He noted that Tawuniya has a great experience in insurance practices and provides a variety of insurance solutions that meet the needs of all business sectors, drawing attention that this approach is in line with the 2030 Saudi Vision.
Al-Tamimi asserted the importance of providing economic information about economic establishments to support decision makers in drawing a clear roadmap that contributes in implementing the goals and plans of the national transformation program. This program supports the role of economic establishments especially small and medium establishments in the GDP at a rate of up to 25% in 2020, which will contribute to reduce the dependence on oil and diversify sources of income.
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
27-07-2017
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.