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20240512626

GASTAT Non-oil exports increase by 10.7% in January 2025

27-03-2025

The General Authority for Statistics (GASTAT) released today the International Trade Statistics Publication for January 2025. According to the publication’s results, merchandise exports grew by 2.4% in January 2025 compared to January 2024. Non-oil exports (including re-exports) increased by 10.7% over January 2024. Meanwhile, imports rose by 8.3% in January 2025, while the trade balance surplus declined by 11.9% compared to January 2024.
The publication’s results indicated an increase in the ratio of non-oil exports to imports (including re-exports), reaching 36.5% in January 2025, up from 35.7% in January 2024. Additionally, the percentage of oil exports in total exports declined from 74.8% in January 2024 to 72.7% in January 2025.
The publication’s results also showed that "chemical industry products" were among the top non-oil export commodities, accounting for 23.7% of total non-oil exports. Meanwhile, the most imported commodities were "machinery, electrical equipment, and parts," making up 25.9% of total imports.
Moreover, the results highlighted that the Republic of China represented the Kingdom’s main trading partner in merchandise trade. Exports to China made up 15.2% of total exports in January 2025, while imports from China accounted for 26.4% of total imports during the same period.

 

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