Saudi Arabia's exports of goods surged by 87% in April 2021 compared to the same month last year, supported by a doubling of petroleum exports. In contrast, imports rose by 17.4%, according to data released by the General Authority for Statistics on Thursday (the dollar is equivalent to 3.75 riyals). Key data on Saudi foreign trade in April on a year-on-year basis include:
- The value of exports reached 71.3 billion riyals, up by 87%.
- Imports increased by 17.4% to reach 49.1 billion riyals.
- Petroleum exports rose by 109.1%, amounting to 51.7 billion riyals.
- Non-petroleum exports recorded a 46.3% increase, reaching 19.6 billion riyals.
- Exports of plastics and rubber and their manufactured products grew by 41.9%, constituting 33.5% of total non-petroleum exports.
- China is the Kingdom's largest trading partner in terms of exports and imports, followed by the United States.
