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Saudi Arabia records remarkable growth in non-oil trade during January
Thursday 26 March 2026 11:18am News / Economic News
Data from the General Authority for Statistics in Saudi Arabia showed today, Thursday, that non-oil exports, including re-exports, increased by 22.1% in January compared to the same month last year, indicating a continued shift in the structure of foreign trade within Saudi Arabia.
Conversely, national non-oil exports, excluding re-exports, recorded a decline of 9.9% in Saudi Arabia, while the value of re-exported goods rose significantly to reach 95.5% during the same period within the country.
The value of non-oil exports, excluding re-exports, amounted to approximately 16.74 billion riyals in Saudi Arabia, while the value of re-exports reached 15.83 billion riyals in January, reflecting a notable activity in indirect trade within the country.
In terms of goods exports, they increased by 1.4% to reach 98.718 billion riyals in Saudi Arabia compared between January 2025 and 2026, while oil exports decreased by 6.4% to record 66.146 billion riyals within the country.
The share of oil exports from total exports in Saudi Arabia also declined from 72.6% to 67% during the same period, reflecting a gradual change in the structure of the commercial economy within the country.
On the import side, Saudi Arabia recorded an increase of 6.5% to reach 81.42 billion riyals, leading to pressure on the trade balance despite growth in some non-oil sectors.
As a result, the trade surplus in Saudi Arabia fell by 17.5% to about 17.298 billion riyals, due to the varying performance of exports and imports during the observed period within the country.
The ratio of non-oil exports, including re-exports, to imports in Saudi Arabia increased to 40% compared to 34.9%, driven by growth in re-exports contrasted with a lesser increase in imports within the country.
Data released from Saudi Arabia illustrates a continued economic shift towards diversifying income sources away from oil, with clear growth in non-oil exports and re-exports. Despite the decline in trade surplus, indicators point to increasing dynamism in foreign trade within the country, driven by rising imports and a gradual change in the structure of exports.
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