Saudi Arabia’s overall merchandise exports jumped 82.5% in November 2021 compared to the same month in 2020, according to official data released by the Saudi General Authority for Statistics (GaStat) on Tuesday.
Non-oil exports increased by 26.1% year-on-year in November 2021, rising to SAR26 billion ($6.9 billion) from SAR20.6 billion ($5.3 billion) in November 2020, the data showed.
Non-oil exports increased compared to October 2021 by SAR2.1 billion ($560 million) or 9%..
The value of exports amounted to SAR107.3 billion ($28.5 billion) in November 2021, up from SAR58.8 billion (415.6 billion) in November 2020.
This increase was mainly due to oil exports, which rose by SAR43.1 billion ($11.4 billion) or 112.8% in the same period.
The share of oil exports in total exports increased from 65% in November 2020 to 75.8% in November 2021.
Compared to October 2021, total merchandise exports increased by SAR1.1 billion ($293 million) or 1%.
Meanwhile, Saudi Arabia’s merchandise imports rose by SAR684 million (1.4%) to SAR49.39 billion in November 2021, compared to SAR48.71 billion a year earlier.
On a monthly basis, the imports increased by SAR2.57 billion (5.5%), compared to October's figures.