Saudi Arabia’s Trade Surplus Hits SAR30.6 Billion in February

Saudi Arabia’s trade balance posted a surplus of SAR30.6 billion in February, marking a 44.6% monthly increase compared to January’s surplus of SAR21.1 billion. The February figure represents the highest monthly surplus recorded in nine months, when the Kingdom recorded a surplus of SAR30.1 billion in May 2024.
According to preliminary figures published in the Kingdom’s International Trade Bulletin, the total value of international trade in February reached approximately SAR156.9 billion, reflecting a 4% year-on-year increase. The growth is equivalent to more than SAR1 billion in comparison to February 2024, when the total trade surplus stood at SAR29.4 billion.
Saudi Arabia’s commodity exports amounted to SAR93.7 billion, while imports reached SAR63.2 billion. Petroleum exports dominated the export figures, accounting for SAR67.6 billion or 72.1% of total exports. Non-oil national exports reached SAR16.1 billion, making up 17.1% of total exports, while re-exports totaled SAR10 billion, representing 10.7%.
On the level of trading partners, the Asian group led the Kingdom’s export destinations, absorbing 73.7% of total exports with a value exceeding SAR69 billion. The European group was next at 12.5% (over SAR11 billion), and the African group at 8.4% (over SAR7 billion).
Among individual countries, China ranked as the top importer of Saudi goods, receiving 16.2% of the Kingdom’s exports valued at SAR15.2 billion. Republic of Korea followed with 10.1% (SAR9.5 billion), and the United Arab Emirates was third with 9.8% (SAR9.2 billion).
Saudi non-oil exports, including re-exports, were channeled through 31 land, sea, and air customs ports, with their preliminary value totaling SAR26.1 billion. King Khalid International Airport in Riyadh led all ports with SAR3.2 billion in trade, or 12.4% of the total, followed closely by Jeddah Islamic Port with SAR3.1 billion, or 12%.