Kingdom’s non-petroleum exports for May 2008 up 19 percent from 2007

July 26, 2008

Saudi Arabia’s non-petroleum exports increased to $2.7 billion [SR 10.278 billion] in May 2008, up from $2.3 billion [SR 8.672 billion] in May 2007.

According to a report by the Department of General Statistics and Information, the most significant commodities exported in May 2008 included petrochemicals, plastics, ordinary metals and their products, and reexported commodities. The top export countries from Saudi Arabia in May 2008 were the UAE, China and Qatar.

Major imports in the same month increased by 12 percent to $8.49 billion [SR 31.778 billion], from $7.6 billion [SR 28.459 billion] the previous year. The most imported goods were electrical appliances and equipment, followed by transport machines, ordinary metals and foodstuffs.

The United States was the top exporter of commodities to Saudi Arabia in May 2008, followed by China and Germany.

The report also noted that in May 2008 trade between Saudi Arabia and Gulf Cooperation Council (GCC) countries increased 18 percent to $421 million [SR 1.576 billion] from $356 million [SR 1.335 billion] in May 2007.