The General Authority for Statistics (GASTAT) has issued the International Trade Bulletin for the month of October of 2021.
According to the data contained in this bulletin, the value of the Kingdom’s merchandise exports was recorded in October 2021, an increase of (90.0%) over their value in the same month last year.
The value of the Kingdom’s merchandise exports during the month of October 2021 amounted to (106.2 billion riyals) compared to (55.9 billion riyals) for the same month last year, with an increase of (50.3 billion riyals), equivalent to (90%).
The value of petroleum exports during October 2021 amounted to (82.4 billion riyals) compared to (36.9 billion riyals) during the same month last year (October 2020), with an increase of (45.5 billion riyals) with a rate of (123.1%).
According to the International Trade Bulletin for the month of October 2021, the proportion of the Kingdom’s petroleum exports to the total exports increased from (66.1%) in October 2020 to (77.6%) in October 2021, and the value of its merchandise exports increased by 11.5 billion riyals. That is, by (12.2%) compared to the previous month (September 2021 AD).
According to the results of the bulletin, the value of non-oil exports increased by (25.5%) during the month of October 2021 compared to October 2020, when it recorded (23.8 billion riyals) compared to (18.96 billion riyals), while the value of non-oil exports decreased compared to the previous month. September 2021 with an amount of (1.5 billion riyals), equivalent to (5.9%).
On the other hand, the value of the Kingdom’s merchandise imports in October 2021 increased by (7.6%) by (3.3 billion riyals), as the value of imports reached (46.3 billion riyals) in October 2021 compared to (43.04 billion riyals) in the month of October 2020; This is due to the rise in commodity prices. The value of the Kingdom’s imports decreased in October 2021 compared to the previous month, September 2021, by an amount of (1.1 billion riyals).