Saudi trade balance achieved a surplus of 30 billion riyals ‎during October

The Kingdom’s trade balance achieved a surplus of 30,401 billion riyals in October 2023, according to the newly issued preliminary data on Saudi Arabia’s international trade, bringing the volume of the Kingdom’s international trade to a value of 178,210 billion riyals.

Merchandise exports amounted to 104,306 billion riyals out of the total trade volume, while merchandise imports amounted to 73,904 billion riyals, topping the group of Asian countries other than Arab and Islamic, the groups of exporting countries in the month of October, occupying 58.8% of the total. Saudi merchandise exports worth 61,367 billion riyals

The group of countries of the Cooperation Council for the Arab States of the Gulf came second as the largest group of exporting countries, with a percentage of 9.9% of the total Saudi merchandise exports, with a value of 10,334 billion riyals, while the group of European Union countries came third, with a percentage of 9.2% of the total Saudi merchandise exports, with a value of It amounted to 9,631 billion riyals.