The Kingdom’s non-oil exports reached SAR 54 billion during Q1

Data released by the General Authority for Statistics showed significant developments in non-oil exports, re-exports, and imports in the Kingdom during the period from the first quarter of 2024 to the first quarter of 2025.

The year 2024 began with total non-oil exports amounting to SAR 50 billion in the first quarter. Over time, this figure gradually increased, reaching SAR 52 billion in the second quarter, then SAR 57 billion in the third quarter, and SAR 58 billion in the fourth quarter. During the first quarter of this year, it reached SAR 54 billion.

Conversely, re-exports maintained relatively stable levels throughout 2024, ranging between SAR 22 and SAR 24 billion. As 2025 entered, re-exports increased to SAR 27 billion in the first quarter. As for imports, they began 2024 with a value of SAR 208 billion in the first quarter and remained at the same level in the second quarter, before rising to SAR 221 billion in the third quarter and SAR 237 billion in the fourth quarter. At the beginning of 2025, imports declined to SAR 223 billion in the first quarter.

It is noteworthy that the ratio of non-oil exports to imports remained stable, ranging between 34% and 36% throughout the period. In the first quarter of 2024, it reached 34%, in the second and third quarters it reached 36%, in the fourth quarter it reached 35%, and in the first quarter of this year it reached 36%.

According to the data, non-oil exports (including re-exports) during the first quarter of 2025 increased by 13.4% compared to the first quarter of 2024. Non-oil national exports (excluding re-exports) also increased by 9.0%, and the value of re-exported goods also increased by 23.7% during the same period. While commodity exports decreased by 3.2% in the first quarter of 2025 compared to the first quarter of 2024, due to an 8.4% decrease in oil exports. The share of oil exports in total exports decreased from 75.9% in the first quarter of 2024 to 71.8% in the first quarter of 2025.