Latest news with #non-oil trade
Khaleej Times
13-07-2025
- Business
- Khaleej Times
Saudi-GCC non-oil trade surplus achieves 203% annual growth: GASTAT
The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion in April. It soared to around SAR3,511 million from SAR1,158 million in the same month last year. According to preliminary data from the International Trade Bulletin for April, published by the General Authority for Statistics (GASTAT), the total volume of non-oil trade, including re-exports, between Saudi Arabia and GCC countries amounted to around SAR18,028 million. This reflects a year-on-year growth of 41.3%, with an increase of SAR5,271 million from SAR12,757 million in April 2024. Non-oil commodity exports, including re-exports, rose by 55%, totaling SAR10,770 million, up from SAR6,958 million in April of the previous year, an increase of over SAR3,812 million, Saudi Press Agency (SPA) reported citing the GASTAT figures. Meanwhile, the value of national non-oil commodity exports reached around SAR3,031 million, compared to SAR2,675 million in April 2024, achieving a year-on-year growth rate of 13.3%, with an increase estimated at SAR356 million. Additionally, the value of re-exports surged by 81%, reaching SAR7,738 million compared to SAR4,282 million, an increase of SAR3,456 million. Saudi Arabia's imports from GCC countries stood at SAR7,258 million in April 2025, compared to SAR5,799 million last year, achieving a year-on-year growth of 25.2%, with an increase of SAR1,459 million. The data indicated that the United Arab Emirates ranked first in terms of non-oil trade volume with Saudi Arabia, amounting to SAR13,533 million, representing about 75.1% of the total. Bahrain followed in second place with a trade value of SAR1,798 million (10%), while Oman ranked third with SAR1,454 million (8.1%). Kuwait was fourth with SAR819.9 million (4.5%), and Qatar came next with a value of SAR422.1 million (2.3%).
Arabian Business
11-07-2025
- Business
- Arabian Business
Saudi Arabia's non-oil trade surplus with GCC nations soars 203 per cent to $937m in April 2025
Saudi Arabia's non-oil trade surplus with Gulf Cooperation Council (GCC) countries surged by an impressive 203.2 per cent year-on-year in April 2025, reaching SR2bn ($533m), up from SR1.16bn ($310m) in the same month of 2024, according to preliminary data released by the General Authority for Statistics (GASTAT). The total non-oil trade volume, which includes re-exports, between the Kingdom and its GCC neighbours rose to SR18.03bn ($4.81bn), marking a 41.3 per cent annual increase compared to SR12.76bn ($3.41bn) in April 2024. Saudi non-oil trade with GCC Key figures from April 2025: Non-oil commodity exports (including re-exports): SR10.77bn ($2.87bn), up 55 per cent from SR6.96bn ($1.85bn) National non-oil exports: SR3.03bn ($807 million), up 13.3 per cent from SR2.68bn ($714 million) Re-exports: SR7.74bn ($2.06bn), up 81 per cent from SR4.28bn ($1.14bn) Imports from GCC countries: SR7.26bn ($1.94bn), up 25.2 per cent from SR5.80bn ($1.53bn) The strong performance in re-exports played a major role in lifting the overall surplus and reflects Saudi Arabia's growing role as a regional trade hub. GCC trade partners ranked by volume Bahrain: SR1.80bn ($481 million), 10 per cent share Oman: SR1.45bn ($388 million), 8.1 per cent share Kuwait: SR819.9 million ($219 million), 4.5 per cent share Qatar: SR422.1 million ($113 million), 2.3 per cent share The April 2025 data underscores Saudi Arabia's successful diversification strategy under Vision 2030, with robust growth in non-oil trade reinforcing its economic resilience and strengthening regional ties within the GCC.
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. (
Asharq Al-Awsat
11-07-2025
- Business
- Asharq Al-Awsat
Saudi-GCC Non-Oil Trade Surplus Achieves 203% Annual Growth
The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion in April, reported the Saudi Press Agency on Friday. It soared to around SAR3,511 million from SAR1,158 million in the same month last year. According to preliminary data from the International Trade Bulletin for April, published by the General Authority for Statistics (GASTAT), the total volume of non-oil trade, including re-exports, between Saudi Arabia and GCC countries amounted to around SAR18,028 million. This reflects a year-on-year growth of 41.3%, with an increase of SAR5,271 million from SAR12,757 million in April 2024. Non-oil commodity exports, including re-exports, rose by 55%, totaling SAR10,770 million, up from SAR6,958 million in April of the previous year, an increase of over SAR3,812 million. Meanwhile, the value of national non-oil commodity exports reached around SAR3,031 million, compared to SAR2,675 million in April 2024, achieving a year-on-year growth rate of 13.3%, with an increase estimated at SAR356 million. Additionally, the value of re-exports surged by 81%, reaching SAR7,738 million compared to SAR4,282 million, an increase of SAR3,456 million. Saudi Arabia's imports from GCC countries stood at SAR7,258 million in April 2025, compared to SAR5,799 million last year, achieving a year-on-year growth of 25.2%, with an increase of SAR1,459 million. The data indicated that the United Arab Emirates ranked first in terms of non-oil trade volume with Saudi Arabia, amounting to SAR13,533 million, representing about 75.1% of the total. Bahrain followed in second place with a trade value of SAR1,798 million (10%), while Oman ranked third with SAR1,454 million (8.1%). Kuwait was fourth with SAR819.9 million (4.5%), and Qatar came next with a value of SAR422.1 million (2.3%).
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.
