Saudi non-oil exports and imports surge in 2000

Published April 18th, 2001 - 02:00 GMT

Non-oil exports by Saudi Arabia jumped 14 percent last year, as imports climbed eight percent, according to official figures published Tuesday, April 17. 

 

The kingdom's non-oil exports — mainly petrochemicals, plastics and minerals — totaled 24.8 billion riyals ($6.6 billion) in 2000, up 3.2 billion riyals ($805 million) over 1999. 

 

Imports hit 113.5 billion riyals ($30.3 billion), an increase of 8.5 billion riyals ($2.3 billion). Electrical equipment accounted for $6.7 billion, foodstuff for $5.4 billion and vehicles $5.3 billion. 

 

Saudi Arabia, which is trying to diversify its economy to reduce dependence on oil, adopted a balanced budget for 2001 for the first time in more than 15 years and announced economic growth of 15.5 percent for 2000 thanks to high oil prices. — (AFP, Riyadh) 

 

© Agence France Presse 2001

© 2001 Mena Report (www.menareport.com)

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