Riyadh – Mubasher: Saudi Arabia achieved a trade surplus of SAR 145.06 billion during the first eleven months of 2020, compared with SAR 375.62 billion in the same period a year earlier.
This represents a year-on-year (YoY) decline of 61.4%, according to data collected by Mubasher based on official figures.
In November 2020, the kingdom registered a trade surplus worth SAR 10.35 billion, down by 71.8% YoY.
Over the January-November period of 2020, the GCC country’s trade exchange dropped by 26.5% on an annual basis to SAR 1.04 trillion, while in November, the trade exchange reached SAR 105.95 billion, the highest value since February.
During the period from January to November, exports of Saudi Arabia tumbled by 33.8% YoY to stand at SAR 592.74 billion, whilst imports fell by 13.9% annually to SAR 447.67 billion.
