Riyadh – Mubasher: Saudi Arabia achieved a trade surplus of SAR 134.71 billion in the first ten months of the year, compared with a surplus of SAR 338.86 billion in the year-ago period.
This represents a year-on-year (YoY) shrinkage of 60.25% or SAR 204.15 billion, according to data collected by Mubasher based on official figures.
In October, the Gulf nation recorded the second-highest trade surplus since March and the fourth-biggest one this year at SAR 16.36 billion, representing a yearly fall of 48.7%.
Over the January-October period, the GCC country’s trade exchange amounted to SAR 934.46 billion, an annual decline of 27.59% or SAR 356.09 billion.
Moreover, the kingdom’s exports slid by 34.4% YoY during the ten-month period to stand at SAR 534.58 billion while merchandise imports decreased by 15.97% yearly to reach SAR 399.87 billion.
