Saudi Arabia’s commerce steadiness achieves SR38 billion surplus in June

Saudi Gazette report

RIYADH — Saudi Arabia’s commerce steadiness achieved a surplus of about SR38 billion (about $10 billion) throughout June of 2023, in line with a report of the Saudi Statistics Authority (GASTAT).

The authority acknowledged in its month-to-month report that the Kingdom’s merchandise exports decreased by 39.7 % on an annual foundation in June, reaching SR88.8 billion, whereas imports fell 17.1 % to SR51.4 billion.

It indicated that oil exports declined by 38.3 % on an annual foundation in June, reaching SR71.9 billion.