Latest news with #General Authority for Statistics
Zawya
01-08-2025
- Business
- Zawya
Saudi Arabia records 3.9% real GDP growth in Q2
Saudi Arabia's real gross domestic product (GDP) grew by 3.9% in the second quarter of 2025 compared to the same period in 2024, reported SPA citing data from General Authority for Statistics in Saudi Arabia. As per the GASTAT data, non-oil activities recorded the highest growth at 4.7%, followed by oil activities at 3.8% and government activities at 0.6%. Seasonally adjusted real GDP rose by 2.1% in Q2 compared to the previous quarter, with oil activities leading the growth at 5.6%. The non-oil activities grew by 1.6%, while government activities declined by 0.8%. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
31-07-2025
- Business
- Zawya
Saudi Arabia's real GDP grows by 3.9% in Q2
RIYADH - Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9 percent in the second quarter of 2025 compared to the same period in 2024. According to the Saudi Press Agency (SPA), flash estimates of GDP for Q2 2025, released today by the General Authority for Statistics in Saudi Arabia, showed that non-oil activities recorded the highest growth at 4.7 percent, followed by oil activities at 3.8 percent and government activities at 0.6 percent. Seasonally adjusted real GDP rose by 2.1 percent in Q2 compared to Q1, with oil activities leading the growth at 5.6 percent, non-oil activities increasing by 1.6 percent, while government activities declined by 0.8 percent.
Arab News
24-07-2025
- Business
- Arab News
Saudi non-oil exports climb 6% to $8.29bn: GASTAT
RIYADH: Saudi Arabia's non-oil exports, including re-exports, reached SR31.11 billion ($8.29 billion) in May, marking a 6 percent increase compared to the same month in 2024, official data showed. Preliminary figures released by the General Authority for Statistics showed that the UAE remained the top destination for the Kingdom's non-oil products, with exports to the Emirates amounting to SR9.54 billion in May. India was the second-largest non-oil trade partner, importing goods worth SR2.78 billion, followed by China at SR2.03 billion, Bahrain at SR989.1 million, and Turkiye at SR924.7 million. The rise in non-oil exports supports the goals of Vision 2030, which aims to diversify Saudi Arabia's economy and reduce its reliance on oil revenues. In its latest report, GASTAT stated: 'Non-oil exports in May, including re-exports, recorded an increase of 6 percent compared to May 2024, while national non-oil exports, excluding re-exports, decreased by 1.8 percent.' It added: 'Moreover, the value of re-exported goods increased by 20.5 percent during the same period.' In a separate release in May, GASTAT noted that the Kingdom's gross domestic product grew by 2.7 percent year on year in the first quarter, driven by robust non-oil activity. Commenting on the GDP figures at the time, Minister of Economy and Planning Faisal Al-Ibrahim — who also chairs GASTAT's board — highlighted that the contribution of non-oil activities to the Kingdom's economic output reached 53.2 percent, a 5.7 percent increase over previous estimates. He added that the country's economic outlook remains strong, buoyed by structural reforms and high-quality, state-led projects across various sectors. Other major destinations for Saudi Arabia's non-oil shipments in May included Egypt, which received goods worth SR585.1 million, followed by Belgium at SR756.6 million, and Kuwait at SR736.9 million. Exports to the US stood at SR730.3 million, while shipments to Singapore and Jordan totaled SR689.3 million and SR642.8 million, respectively. Departure locations Among seaports, the King Fahad Industrial Port in Jubail handled the highest volume of outbound non-oil goods, valued at SR3.52 billion, followed closely by the Jeddah Islamic Sea Port at SR3.35 billion. Ras Al Khair and Jubail Sea Ports facilitated non-oil exports worth SR2.37 billion and SR2.36 billion, respectively. On land, the Al-Batha Port processed non-oil exports worth SR2.18 billion. Al-Hadithah and Al-Wadiah ports recorded outbound shipments of SR864.4 million and SR460.2 million, respectively. King Abdulaziz International Airport led all air terminals, handling SR4.22 billion in non-oil exports in May — a 258 percent increase compared to the same month last year. Machinery and chemicals lead the way 'Among the most important non-oil exports are machinery, electrical equipment and parts, which constituted 23.7 percent of the total non-oil exports, recording a 99.8 percent increase compared to May 2024,' GASTAT noted. Chemical products came in second, accounting for 22.8 percent of total non-oil exports and growing 0.4 percent year on year. The strength of Saudi Arabia's non-oil private sector was further affirmed by Riyad Bank's Purchasing Managers' Index, compiled by S&P Global, which showed that the Kingdom's headline PMI rose to 57.2 in June, up from 55.8 in May. This reading indicates a strong improvement in business conditions, exceeding the long-run average of 56.9. A PMI score above 50 signals expansion, while a figure below that mark indicates contraction. Saudi Arabia's June PMI also outpaced that of its regional peers, with the UAE and Kuwait recording 53.5 and 53.1, respectively. Merchandise exports According to GASTAT, the Kingdom's total merchandise exports in May declined 14 percent year on year to SR90.44 billion. The drop was primarily due to a 21.8 percent fall in oil exports, which caused the share of oil in total exports to drop from 72.1 percent in May 2024 to 65.6 percent this year. China was the top destination for Saudi Arabia's overall merchandise exports, with shipments valued at SR12.66 billion. The UAE followed at SR10.13 billion — a 37.5 percent jump compared to the previous year — while exports to India reached SR8.07 billion. South Korea, Japan, and the US imported SR7.44 billion, SR5.99 billion, and SR3.68 billion worth of goods, respectively. Imports climb Saudi Arabia's imports in May reached SR80.93 billion, up 7.8 percent year on year, GASTAT reported. Machinery, mechanical and electrical equipment topped the import list at SR24.03 billion, followed by transport equipment at SR9.20 billion and chemical products at SR7.64 billion. Base metal imports stood at SR7 billion, while mineral products totaled SR4.84 billion. By region, Asia remained the Kingdom's largest trade partner, contributing SR47.59 billion in imports — a 17.8 percent rise from a year ago. Imports from Europe and the Americas amounted to SR19.85 billion and SR8.83 billion, respectively. Africa supplied SR3.78 billion worth of goods, while imports from Oceania totaled SR778.8 million. China led all countries as the top source of imports, with SR23.36 billion worth of shipments in May, a 23.3 percent year-on-year increase. The US followed with SR6.04 billion, ahead of the UAE at SR5.07 billion, India at SR3.69 billion, and Japan at SR3.61 billion. Sea routes were the dominant entry channel for imports, accounting for SR47.39 billion — a 7.1 percent increase year on year. Air and land routes handled SR24.33 billion and SR9.20 billion worth of inbound goods, respectively. King Abdulaziz Sea Port in Dammam led all seaports with SR21.37 billion in imports, followed by Jeddah Islamic Sea Port at SR17.49 billion and Ras Tanura Port at SR1.50 billion. Among land entry points, Al-Batha Port managed SR3.92 billion worth of goods, while Riyadh Dry Port and King Fahad Bridge processed SR2.56 billion and SR830.5 million, respectively. By air, King Khalid International Airport in Riyadh received SR11.17 billion in imports. King Abdulaziz International Airport and King Fahad International Airport handled SR8.85 billion and SR4.28 billion, respectively.
Zawya
11-07-2025
- Business
- Zawya
Annual growth of Saudi – GCC non-oil trade surplus soars 203% in April
RIYADH — Saudi Arabia's non-oil trade surplus with other Gulf Cooperation Council (GCC) states recorded an annual growth of 203.2 percent during April 2025. This figure posted an increase of more than SR2 billion, reaching approximately SR3,511 million, compared to SR1,158 million in the same month last year, according to the preliminary data from the International Trade Bulletin for April 2025, issued by the General Authority for Statistics (GASTAT). The report showed that the total volume of non-oil trade, including re-exports, between the Kingdom and the GCC countries amounted to approximately SR18,028 million, recording an annual growth of 41.3 percent, an increase of SR5,271 million, compared to SR12,757 million in April 2024. Non-oil commodity exports, including re-exports, increased by 55 percent, reaching SR10,770 million, compared to SR6,958 million in April last year, an increase of more than SR3,812 million. Non-oil national commodity exports amounted to approximately SR3,031 million, compared to SR2,675 million during the same period in 2024, achieving an annual growth of 13.3 percent, an increase of SR356 million. The value of re-exports also jumped by 81 percent, reaching SR7,738 million, compared to SR4,282 million in April 2024, a difference of SR3,456 million. As for imports from Gulf countries, their value reached SR7,258 million, compared to SR5,799 million in April last year, achieving an annual growth of 25.2 percent, with an increase of SR1,459 million. The data showed that the United Arab Emirates ranked first in terms of the volume of non-oil trade exchange with the Kingdom, with a value of SR13,533 million, representing approximately 75.1 percent of the total. Bahrain came in second place with a value of SR1,798 million (10 percent), followed by Oman with a value of SR1,454 million (8.1percent), while Kuwait in the fourth place with SR819.9 million (4.5 percent), and Qatar comes last with a value of SR422.1 million (2.3 percent). © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arab News
10-07-2025
- Business
- Arab News
Saudi non-oil trade surplus with GCC jumps over 200% in April
JEDDAH: Saudi Arabia's non-oil trade surplus with fellow Gulf Cooperation Council countries jumped by more than 200 percent in April 2025, driven by a sharp rise in re-exports and strengthening regional economic ties. According to the latest figures released by the General Authority for Statistics, the Kingdom posted a trade surplus of SR3.51 billion ($935 million) with GCC nations during the month, compared to just SR1.16 billion in April 2024 — a year-on-year increase of 203.2 percent. The total value of non-oil trade, which includes re-exports, between Saudi Arabia and the GCC bloc reached SR18.03 billion in April, reflecting a robust 41.3 percent growth from SR12.76 billion in the same month last year. This momentum is attributed to the accelerated pace of regional economic integration, supported by strategic initiatives such as Saudi Arabia's Vision 2030 and similar diversification programs across the Gulf. These frameworks aim to reduce dependence on hydrocarbons by fostering growth in sectors like logistics, finance, tourism, and manufacturing. Non-oil exports — encompassing both national products and re-exported goods — saw a notable rise of 55 percent year on year to SR10.77 billion. Within this category, re-exports surged by 81 percent to SR7.74 billion, highlighting Saudi Arabia's growing role as a regional re-export hub. National-origin exports also rose by 13.3 percent, totaling SR3.03 billion. Imports from GCC countries also registered an increase, climbing to SR7.26 billion in April — a 25.2 percent rise compared to SR5.80 billion in the previous year. Among individual member states, the UAE continued to dominate Saudi Arabia's regional trade portfolio, accounting for SR13.53 billion — or 75.1 percent — of the Kingdom's total non-oil trade with the GCC. Bahrain followed with SR1.8 billion (10 percent), while Oman recorded SR1.45 billion (8.1 percent). Kuwait and Qatar contributed SR819.9 million (4.5 percent) and SR422.1 million (2.3 percent), respectively. The data reflects not only Saudi Arabia's growing non-oil export capacity but also a broader regional shift toward more diversified, interconnected Gulf economies.
