Riyadh – Mubasher: Saudi Arabia achieved a trade surplus of SAR 20.76 billion in October 2024, recording a 30% monthly growth in trade balance, according to the Saudi Press Agency (SPA).
This marks an increase of more than SAR 4 billion from SAR 15.99 billion last September.
The Kingdom's total international trade volume hit SAR 164.79 billion in October, marking a 2% rise when compared to SAR 162.20 billion in September 2024.
Merchandise exports contributed SAR 92.78 billion to the total trade volume, while imports accounted for SAR 72.01 billion.
During October, non-oil exports neared SAR 19.41 billion, representing 21% of total exports. Meanwhile, oil exports amounted to SAR 67.39 billion, constituting 72.60% of total exports, and re-exports totalled SAR 5.96 billion, making up 6.40%.
Non-oil exports, including re-exports, passed through 33 customs ports with a total initial value of SAR 25.38 billion.
King Fahd Industrial Port in Jubail recorded the highest value among all transportation ports, handling SAR 3.77 billion, equivalent to 15% of the total.
