Arabia Saudí Balanza Comercial

Saudi Arabia’s trade surplus declined to SAR 24.6 billion in January 2025, down from SAR 27.9 billion in the same month last year, as exports grew more slowly than imports. Exports rose 2.4% year-on-year to an eight-month high of SAR 97.2 billion, despite a 0.4% decline in oil exports, which still accounted for 72.7% of total exports. Meanwhile, non-oil exports increased by 10.7%. China remained the top destination for Saudi exports, representing 15.2% of the total, followed by India (10.9%) and Japan (10.2%). Meanwhile, imports climbed by 8.3% to SAR 72.6 billion, driven by a surge in purchases of machinery, electrical equipment, and parts (27.4%), which constituted 25.9% of total imports, and transportation equipment and parts (10.3%), which represented 13.8% of total imports. Among the major suppliers, China also held the largest share of imports at 26.4%, followed by the US (8.3%) and the UAE (5.5%).