Saudi Arabia’s General Authority for Statistics (GASTAT) said in the 2024 International Trade Statistics Bulletin that there was an 13.1% increase in non-oil exports (including re-exports) compared to 2023.
However, total merchandise exports declined by 4.5% year-on-year, while imports rose by 12.5% in 2024.
According to the bulletin, the ratio of non-oil exports (including re-exports) to imports increased to 35.3% in 2024, up from 35.1% in 2023.
Meanwhile, the share of oil exports in total exports decreased from 77.3% in 2023 to 73.1% in 2024.
The bulletin showed that “chemical industry products” topped the list of non-oil exports, accounting for 25.5% of the total, while “machinery, electrical equipment, and parts” led imports with a 25.3% share.
China remained Saudi Arabia’s top trading partner in merchandise trade, accounting for 15.2% of total Saudi exports in 2024, while imports from China accounted for 23.9% of the Kingdom’s total imports during the same year.
