The General Authority for Statistics (GASTAT) issued the International Trade Statistics Publication for December 2024. According to the results, non-oil exports recorded an increase of 18.1% compared to December 2023. The value of re-exported goods also increased by 23.4% during the same period. However, merchandise exports decreased by 2.8% in December 2024, while imports \u00a0increased by 27.1% compared to December 2023.
\nThe results indicated that “chemical industry products” are among the most important non-oil export goods, accounting for 25.9% of total non-oil exports.
\nFurthermore, the results of the International Trade Publication for Q4 of 2024 showed a 17.3% increase in non-oil exports (including re-exports) compared to Q4 of 2023. National non-oil exports (excluding re-exports) increased by 8.2%, while the value of re-exported goods increased by 47.3% during the same period. However, merchandise exports in Q4 of 2024 decreased by 6.1% compared to the same period in 2023, mainly due to a 13.3% decrease in oil exports. The share of oil exports in the total exports decreased from 76.4% in Q4 of 2023 to 70.5% in Q4 of 2024.
\nRegarding imports, there was a 15.5% increase in Q4 of 2024. In terms of trade balance, the surplus decreased by 52.4% from Q4 of 2023.
\nIt is worth noting that international trade statistics rely on administrative records from the Zakat, Tax, and Customs Authority (non-oil) and the Ministry of Energy (oil). The Kingdom’s merchandise exports and imports are classified according to the Harmonized Commodity Description and Coding System 2022
\nSource:\u00a0GASTAT<\/p>\n","protected":false},"excerpt":{"rendered":"
The General Authority for Statistics (GASTAT) issued the International Trade Statistics Publication for December 2024. According to the results, non-oil exports recorded an increase of 18.1% compared to December 2023. The value of re-exported goods also increased by 23.4% during the same period. However, merchandise exports decreased by 2.8% in December 2024, while imports \u00a0increased […]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24330","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/posts\/24330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/comments?post=24330"}],"version-history":[{"count":0,"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/posts\/24330\/revisions"}],"wp:attachment":[{"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/media?parent=24330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/categories?post=24330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investsaudi.sa\/backend\/wp-json\/wp\/v2\/tags?post=24330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}