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KSA Nonoil Exports Rise 31 percent to SR 176.57 bn

Middle East : 20 May 2012

Source: Arab News

The value of Saudi Arabia’s nonoil exports rose by 31 percent to SR 176.57 billion in 2011 compared to the previous year when the amount was SR 134.61 billion, according to the Statistics Department.

It said the total volume of exports reached 48.72 million tons in 2011 against 46.25 million tons in 2010, registering an increase of five percent.

Petrochemicals topped the list of Saudi exports during the year, accounting for SR 60.95 billion or 34 percent of the total, followed by plastics SR 53.95 billion (31 percent), foodstuffs SR 12.61 billion (7 percent) and re-exports SR 24.38 billion.

China was the largest importer from the Kingdom receiving products valued at SR 22.42 billion (13 percent), followed by the UAE SR 19.48 billion (11 percent), Singapore SR 12.01 billion and India SR 8.6 billion.

Non-Islamic Asian countries received Saudi exports worth SR 57.14 billion (33 percent), followed by GCC countries SR 38.45 billion (22 percent).

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