Saudi nonoil exports dropped by 14.5 percent to SR47 billion in the first quarter of the current year compared to the figures of the same period last year according to a report released by the Central Department of Statistics and Information (CDSI).
On the other hand Saudi imports grew by 6.88 percent to SR162.5 billion compared to the figures of the same period last year the CDSI report quoted by local media said.
Plastic and rubber products topped the Kingdom’s list of exports in Q1 and registered 31.6 percent of nonoil exports valued at SR15 billion the report said.
Chemical products came in the second rank of nonoil exports and valued at SR13 billion or 27.97 percent followed by transport equipment and parts by 10.6 percent or SR5 billion of the total value of exports.
According to the CDSI report equipment machinery and electrical utensils captured the highest value of Saudi imports in Q1 (2015) at SR45 billion or 27.71 percent of the total value of imports followed by transport materials at the value of SR29 billion or 17.93 percent and ordinary metals and their products at SR17.5 billion or 10.76 percent.
The UAE topped the list of major importers of Saudi nonoil products by 13.19 percent of the total value of exports in Q1 followed by China at 10.91 percent and India at 6.1 percent the report said.
Regarding the Kingdom’s imports China remained the biggest exporter to the Kingdom and captured 15.18 percent of the total Saudi imports followed by the United States at 13.3 percent and Germany at 6.78 percent the report said.
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