Saudi non-oil exports up 4.4% in February 2024 (Y/Y)

Data issued by the General Authority for Statistics showed an increase in the value of non-oil exports, which include re-exports, by about 4.4% compared to February of the previous year, while on a monthly basis, the value of non-oil exports decreased to 8.5% compared to January of the current year.

The value of non-oil exports in February 2024 amounted to about 21.8 billion riyals, an increase of about 4.4% compared to the same month last year, and a decrease of about 8.5% compared to the previous month.

 Non-oil exports during February 2023 were around 20.9 billion riyals. During the month of March of 2023, it was in the range of 18 billion riyals, an increase from the previous month by about 12%, and non-oil exports decreased during the month of April by about 15%, while in the month of May, non-oil exports increased by about 34%, and the month of May is considered the highest month in which the value of exports increased. During that year.

During June and July of 2023, non-oil exports were in the range of 20 and 21 billion riyals.

  In August, the value of exports increased by about 20%, reaching 25.6 billion riyals, and the value of exports from September to November averaged 22 billion riyals, and during the month of December 2023, non-oil exports reached about 25 billion riyals.

In 2024, non-oil exports in January reached 24 billion riyals, while in February the value of exports was about 21.8 billion riyals, an increase of 4.4% over the same month last year. A decrease from the previous month by about 8.5%.