GaStat: Saudi Non-Oil Exports Jump 26% in November

Saudi Arabia’s overall merchandise exports jumped 82.5% in November 2021 compared to the same month in 2020. (SPA)
Saudi Arabia’s overall merchandise exports jumped 82.5% in November 2021 compared to the same month in 2020. (SPA)
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GaStat: Saudi Non-Oil Exports Jump 26% in November

Saudi Arabia’s overall merchandise exports jumped 82.5% in November 2021 compared to the same month in 2020. (SPA)
Saudi Arabia’s overall merchandise exports jumped 82.5% in November 2021 compared to the same month in 2020. (SPA)

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.



Dubai Forum Highlights 7 Key Developments the World Will Witness in the Future

Participants attend the opening session of the Dubai Future Forum. (Asharq Al-Awsat)
Participants attend the opening session of the Dubai Future Forum. (Asharq Al-Awsat)
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Dubai Forum Highlights 7 Key Developments the World Will Witness in the Future

Participants attend the opening session of the Dubai Future Forum. (Asharq Al-Awsat)
Participants attend the opening session of the Dubai Future Forum. (Asharq Al-Awsat)

Participants at the Dubai Future Forum 2024 identified seven transformative developments that will reshape humanity’s future: the shift in evaluating growth, the dominance of solar energy, a return to the moon, the creation of a genomic bank, brain-computer implants for healthy individuals, the rise of alternative education, and AI’s integration into corporate boardrooms.

Khalfan Belhoul, CEO of the Dubai Future Foundation, emphasized the need to plan for the future and seize emerging opportunities.

In his keynote, he called for leveraging innovation, policy, and technology to enhance quality of life and foster global collaboration, reflecting the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Belhoul questioned the continued reliance on GDP as a measure of national progress, noting its inability to account for well-being and environmental impact. He welcomed the UN’s ongoing revision of its framework to incorporate these dimensions, signaling a major shift in evaluating growth.

On renewable energy, Belhoul pointed to solar power’s vast potential, stressing that global solar capacity, which stood at 220 gigawatts in 2022, is expected to double by 2025. In this context, he underlined the importance of natural resources in advancing sustainability and energy security.

Humanity is also set to return to the moon, with NASA planning a lunar mission after a 50-year hiatus. Belhoul expressed optimism about the new knowledge this mission could yield given recent technological advancements.

Moreover, the establishment of a genomic bank with over one million samples is expected next year, paving the way for personalized healthcare and disease prevention. While he hailed this as a scientific milestone, Belhoul urged caution over its ethical aspects.

In education, he stressed that a shift toward personalized learning is evident, with five million students projected to study outside traditional schools by next year. This reflects the growing role of technology in tailoring education to individual needs, he said.

Belhoul also discussed brain-computer implants, predicting that the first implant in a healthy person could happen within a year, raising profound questions about humanity’s relationship with technology. Additionally, he foresaw the appointment of the first AI-powered board member at a Fortune 500 company, sparking debates about AI’s role in leadership.

Belhoul urged policymakers and innovators to address these trends responsibly to ensure that technological advances align with human values and boost global well-being.