22/12/2014
Saudi non-oil exports rise 13.4% in the third quarter
Total Saudi non-oil commodity exports recorded about 57.01 billion riyals in the third quarter of this year, a rise of 13.42 per cent, compared to the corresponding period of the previous year.
Imports amounted to 169.04 billion riyals, up 8.4 per cent from the same period of the previous year.
According to preliminary data released by the Department of Statistics, the proportion of non-oil exports of the total value of imports during the period stood at 33.72 per cent.
The bureau said that the plastics and rubber products exports ranked first in the value of 18.6 billion riyals, representing 32.62 per cent of the total value of commodity exports of non-oil, while the chemical industry products occupied, and the related second place with 18.34 billion riyals by 32.16 per cent, while came transport equipment and parts thereof in third place with 6.48 billion riyals by 11.36 per cent of the total value of exports.
The machinery and equipment, electrical appliances and parts thereof ranked first in imports in the third quarter, which amounted to 43.47 billion riyals, representing 25.72 per cent of total imports.
Occupied the transport equipment and parts thereof ranked second at about 30 billion riyals by 17.74 per cent and in the third place ordinary metals and their products with a total value of 20.17 billion riyals by 11.93 per cent.
She pointed to the issue of China source to countries importing them through the third quarter, which was ranked first in terms of commodity non-oil exports value increased by 11.89 per cent of the total value of exports, and in the second place of the United Arab Emirates increased by 11.60 per cent, followed by India with 6.62 per cent.
In terms of imports, China also ranked first by 14.61 per cent of total imports, followed by the US increased by 12.74 per cent and Germany by 6.70 per cent.
It is noteworthy that an analysis published by the "economic" showed support for Saudi Arabia to export growth levels of non-oil by the end of the first ten months of this year, imports account in the same period in 2013, where he first rose by 7.5 per cent, equivalent to about 12.4 billion riyals, to reach 177.2 billion riyals, compared to 164.7 billion riyals in the same period last year.
Imports fell by an estimated 3.5 per cent, with a value of 18.5 billion riyals, to reach 511.1 billion riyals, compared to about 529.6 billion riyals in the same period in 2013, what is a good indicator of the Saudi economy.
According to the analysis, export growth has led at the expense of imports, to increase the ratio of exports to imports during the first ten months of this year to about 35 per cent, while it was 31 per cent in the same period last year.
