Saudi Non-oil exports increase to SAR 107.6 billion by 27.5% in January 2022

Overall merchandise exports increased by 49.6% in January 2022 compared to January 2021. The value of exports amounted to SAR 107.6 billion in January 2022, up from SAR 71.9 billion in January 2021, according to a report by General Authority for Statistics (GASTAT).

This increase originated mainly from oil exports, which rose by SAR 30.5 billion or 57.5% in the same period.

The share of oil exports in total exports increased from 73.7% in January 2021 to 77.6% in January 2022.

Compared to December 2021, total merchandise exports increased by SAR 1.0 billion or 1.0%.

Non-oil exports increased by 27.5% year-on-year in January 2022, rising to SAR 24.1 billion from SAR 18.9 billion in January 2021. Non-oil exports decreased compared to December 2021 by SAR -5.5 billion or 18.5%.

Merchandise imports increased by 8.1% (SAR 3.9 billion) in January 2022. The value of imports amounted to SAR 51.8 billion in January 2022 compared to SAR 47.9 billion in January 2021. Imports, however, decreased compared to December 2021 by SAR -2.5 billion or 4.6%.