KSA nonoil exports rise 5.9% in May

KSA nonoil exports rise 5.9% in May
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Published July 10th, 2013 - 05:14 GMT via SyndiGate.info

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The value of Saudi imports during the period increased by 2.8 percent to reach SR 52.48 billion ($ 13.99 billion)
The value of Saudi imports during the period increased by 2.8 percent to reach SR 52.48 billion ($ 13.99 billion)
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Central Department of Statistics & Information

The total value of Saudi nonoil commodity exports in May reached SR 16.02 billion, or an increase of 5.9 percent compared to the figures of the same month last year, while the value of imports went up 2.8 percent at SR 52.48 billion.

According to a report released by the Central Department of Statistics & Information (CDSI), plastics and rubber products topped the Kingdom’s list of exports in May 2013, which captured 32.06 percent of all nonoil exports, at the value of SR 5.13 billion.

Petrochemical products came second with SR 4.93 billion with 30.82 percent, followed by transport equipment and their parts by 8.62 percent of the total value of exports in May, the report pointed out.

The UAE topped the list of major importers from Saudi Arabia by 15.57 percent of the total value of exports in May, followed by China by 12.78 percent and Singapore at 7.39 percent, according to the report.

The value of Saudi imports during the period increased by 2.8 percent to reach SR 52.48 billion. Equipment, machinery and electrical utensils topped the list of Saudi imports during May at SR 12.91 billion or 24.61 percent of the total value of imports, followed by transport materials at the value of SR 7.97 billion or 15.19 percent, and ordinary metals and their products at SR 7.07 billion or 13.49 percent, the report added.

The Kingdom’s largest importer partner during May was the United States at 12.75 percent, followed by China at 12.55 percent, and Germany at 6.80 percent, the report said.

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