GCC non-oil imports from Saudi down
The value of Saudi nonoil exports to the Gulf Cooperation Council (GCC) countries dropped 45.27 percent to reach SR 1.34 billion in October 2012 compared to the same period last year, according to a report by the Central Department of Statistics and Information (CDSI).
According to the CDSI report, Saudi imports from the GCC states dropped by 6.94 percent to reach SR 2.95 billion during the period in question.
The United Arab Emirates topped the list of the GCC countries that mostly received Saudi nonoil exports by 63.48 percent of total exports at the value of SR 613 million, followed by Qatar (SR 228 million), Kuwait (SR 202 million), Bahrain (SR 169 million) and Oman (SR 124 million), the report said.
Last week, a CDSI report said the value of Saudi nonoil exports to global markets dropped 22.97 percent to reach SR 13.16 billion in October of the current year compared to the same period last year.
According to the CDSI report, Saudi imports also dropped 20.95 percent and reached SR 38.91 billion in the comparative periods.
- Kuwait: the GCC's underachiever?
- Liberalization under the auspices of the palace: migration reform in Morocco
- Why the Saudi middle class must be saved
- The 'Egyptian Dream': is sacrifice a necessary requirement for Egyptians to achieve a better standard of living?
- Ramadan brings the issue of food wastage in Saudi Arabia to the forefront