Saudi Non-Oil Trade Surplus Rises 16% to SAR 3.78B in June

Saudi Arabia's non-oil trade surplus with GCC countries rose to SAR 3.78 billion in June, up 16% year-on-year.

The total non-oil merchandise exports and re-exports to GCC countries decreased by 10% YoY to SAR 8.66 billion during the same month.

Non-oil exports comprised SAR 5.28 billion in re-exports and around SAR 3.38 billion in national exports, while imports from GCC countries declined by 23% YoY to SAR 4.88 billion.

The UAE accounted for the largest share of Saudi Arabia's foreign trade with the GCC, with a non-oil trade surplus of about SAR 2.82 billion with the UAE.