Saudi Arabia's Trade Surplus Exceeds SAR90 Billion in Q1 2026

The Jeddah Islamic Port (SPA)
The Jeddah Islamic Port (SPA)
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Saudi Arabia's Trade Surplus Exceeds SAR90 Billion in Q1 2026

The Jeddah Islamic Port (SPA)
The Jeddah Islamic Port (SPA)

Saudi Arabia recorded a trade surplus of SAR90.5 billion during the first quarter (Q1) of 2026, marking a year-on-year increase of 43.7%. The surplus increased by more than SAR27 billion compared with the same period in 2025, when it stood at approximately SAR63 billion, according to the General Authority for Statistics' International Trade Bulletin for March, SPA reported .

The data showed that the trade surplus increased by 60% on a quarterly basis. It rose by more than SAR33.9 billion compared with the fourth quarter of 2025, when the surplus totaled approximately SAR56.5 billion. On a monthly basis, the trade surplus continued to grow in March 2026. It increased by 200.9%, rising by more than SAR38 billion compared with February, when the surplus stood at approximately SAR19.1 billion.

According to the data, Saudi Arabia's total international trade exceeded SAR535 billion during Q1 2026, achieving year-on-year growth of 4.5%. This represents an increase of approximately SAR22.9 billion compared with the same period last year, when total trade reached SAR512.3 billion. Total merchandise exports in Q1 2026 reached approximately SAR312.8 billion, compared with imports of approximately SAR222.3 billion. National exports, including oil and non-oil exports, totaled SAR274.5 billion.

The data also showed that the value of re-exports exceeded SAR38 billion during the first quarter, achieving year-on-year growth of 32.9%. This represents an increase of more than SAR9 billion compared with the corresponding period last year, when re-exports totaled around SAR28.8 billion.

Among trading partners, Asian countries ranked first among importers of Saudi exports, with a value exceeding SAR229.2 billion. They were followed by European countries with more than SAR47 billion, African countries with SAR22.5 billion, and countries in the Americas with approximately SAR12.6 billion. China remained the largest importer of Saudi exports during the first quarter, with imports valued at SAR44.8 billion.

Regarding non-oil exports, including re-exports, shipments passed through 32 land, sea, and air customs ports, with a value exceeding SAR86.1 billion. King Abdulaziz International Airport in Jeddah ranked first, handling exports valued at SAR17.5 billion, followed by Jeddah Islamic Port with exports exceeding SAR12 billion. 

These results reflect the continued strength of Saudi Arabia's foreign trade performance, supported by growth in national exports and re-exports, alongside expanding commercial activity and stronger trade relations with countries around the world.



US Gasoline Price Over $4 a Gallon On Labor Day Weekend

Chevron station prices on Sourth Decatur Boulevard and Spring Mountain Road as gas prices will be the highest over Labor Day weekend on Thursday, September 3, 2026, in Las Vegas. (AP)
Chevron station prices on Sourth Decatur Boulevard and Spring Mountain Road as gas prices will be the highest over Labor Day weekend on Thursday, September 3, 2026, in Las Vegas. (AP)
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US Gasoline Price Over $4 a Gallon On Labor Day Weekend

Chevron station prices on Sourth Decatur Boulevard and Spring Mountain Road as gas prices will be the highest over Labor Day weekend on Thursday, September 3, 2026, in Las Vegas. (AP)
Chevron station prices on Sourth Decatur Boulevard and Spring Mountain Road as gas prices will be the highest over Labor Day weekend on Thursday, September 3, 2026, in Las Vegas. (AP)

With the war in the Middle East still raising energy costs, Americans face record-high gasoline prices for Labor Day weekend, just as political campaigns kick off for midterm Congressional elections.

The national average gasoline price will probably hit $4.03 on Labor Day, far surpassing the previous record of $3.83 per gallon set in 2012, said GasBuddy analyst Patrick De Haan, according to Reuters.

“Gasoline, while not at all-time records, is at its highest level ever recorded this late in the calendar year, meaning Americans could for the first time ever see a national average price of gasoline above $4 per gallon on Labor Day,” De Haan wrote in a recent blog post.

The national average price of gasoline stood at around $4.13 per gallon on Thursday, up nearly a dollar from last year's average, according to price-tracking service GasBuddy. Analysts say $4 per gallon is a pain point for many consumers.

Gasoline prices, among the most visible economic indicators for US consumers, can quickly shape perceptions of the broader economy. With prices hovering above $4 a gallon for much of the year, the issue has become a persistent concern for US President Donald Trump and his Republican Party.

Trump has pledged to lower energy costs. In recent weeks, he stepped up criticism of refiners and fuel retailers, accusing them ⁠of profiting from elevated pump prices.

On August 14, Trump said Americans should be willing to pay a “tiny little bit more” for gasoline to ensure Iran could not obtain a nuclear weapon.

Labor Day is typically a final summer getaway for many Americans, with many people traveling by car or airplane.

Prices at the pump have climbed alongside crude oil prices, which this week jumped back over $90 a barrel after renewed military action between the US and Iran revived concerns about disruptions to global crude supplies.

Prices of distillates, which include diesel and heating oil, also increased, driven in part by ongoing attacks on Russian refining facilities, which raised concerns about supply disruptions.

Retail fuel prices and crude oil typically move in the same direction because crude feedstock is the dominant cost for producing the fuel.

“It's completely out of control,” Randi O’Brien, 57, said while filling up her truck at a Phillips 66 near Evergreen, Colorado.

Colorado, along with Utah, Idaho, Montana, Wyoming, and North Dakota have recorded some of the steepest price gains since the war started. California, Hawaii and Washington currently have the nation's highest average gasoline prices.

“I can only afford $15 worth of gas right now,” said O'Brien, who drives roughly 40 minutes round trip each day to work at Home Depot. She partially blames high prices on the rise in crude and fuel exports from the US following the ⁠start of the Iran war, which prompted many countries to turn to America for fuel supplies.

Refined products exports are up more than 10% compared with last year, according to the US Energy Information Administration.

“We have our own fuel here, yet we're sending it elsewhere,” she said.

O'Brien's struggles are being echoed by motorists across the US.

With the cost of even a routine grocery run climbing and household budgets already stretched, Houston resident Madison Moore, 28, said she was scaling back her Labor Day travel plans.

“It used to always be easy to pack up the car, go to Galveston out to the beach and have a cookout or something. People don't want to move like that anymore though,” Moore said while filling up at a Shell ⁠gas station in Houston.

“You would think that our government can do a little bit more for their people when they actually need it.”

Persistently high gasoline prices are primarily a supply story, said Kuan Dosmuratov, research analyst at consultancy Wood Mackenzie.

Concerns about disruptions to energy shipments through the Strait of Hormuz have lifted both crude prices and refining margins, while attacks on Russian refineries have tightened fuel inventories across the board.

Currently, there are few operational and policy levers that can be ⁠pulled to boost fuel supplies. US refinery utilization currently stands at 98%, the highest level since 2018.

The government has already extended the Jones Act waiver, allowing easier fuel shipments between US ports. Washington also ended summer-blend gasoline requirements early to try to cap prices.

US gasoline inventories fell by 1.2 million barrels last week to 205.7 million barrels, the Energy Information Administration said on Wednesday. This compares with the five-year average for the month of August of ⁠217.6 million barrels.

Prices for other refined products have risen sharply as well. US diesel prices this week hit a new record while air travelers over the Labor Day holiday are expected to pay 20% more for tickets than a year earlier, according to AAA.

“The public doesn't obsess with diesel but I see a better than even chance that retail numbers will surpass the all-time record of about $5.82 per gallon from June 2022,” Tom Kloza, chief energy adviser at Gulf Oil, said. “It presents a worrisome future,” he added.


Investment Deputy Minister Highlights Saudi-China Economic Ties at CMF Select Shanghai 2026

Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia. (SPA)
Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia. (SPA)
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Investment Deputy Minister Highlights Saudi-China Economic Ties at CMF Select Shanghai 2026

Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia. (SPA)
Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia. (SPA)

Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia, emphasizing that the next phase will focus on deepening bilateral investments, bolstering industrial partnerships, and building shared value chains.

Speaking at a Saudi-China strategic investment dialogue during the Capital Markets Forum (CMF) Select Shanghai 2026, Alshahrani invited Chinese companies to capitalize on local opportunities and collaborate on building next-generation industries across manufacturing, logistics, technology, and emerging sectors, the Saudi Press Agency said.

Reviewing economic progress under Saudi Vision 2030, Alshahrani noted that the Saudi economy, domestic investment, and foreign direct investment (FDI) stock have doubled over the past decade, with FDI inflows surging nearly fivefold. Non-oil domestic investment now accounts for roughly 40% of non-oil GDP, ranking the Kingdom second among G20 nations after China, while foreign companies operating in the Kingdom have grown tenfold.

He underscored that the National Investment Strategy consistently exceeds its annual targets, lifting the Kingdom into the global top 10 of the FDI Confidence Index. Moving forward, the Kingdom is prioritizing high-impact, productive investments that advance technology transfer, generate quality employment, and expand export reach globally.


SEREDO Real Estate Development and Ownership Exhibition Kicks Off in Jeddah

SEREDO Real Estate Development and Ownership Exhibition Kicks Off in Jeddah
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SEREDO Real Estate Development and Ownership Exhibition Kicks Off in Jeddah

SEREDO Real Estate Development and Ownership Exhibition Kicks Off in Jeddah

The fifth edition of the SEREDO Expo for Real Estate Development and Ownership 2026 kicks off on Sunday and runs through September 8 at the Jeddah Superdome, the Saudi Press Agency reported.

The expo aims to enhance investment opportunities and showcase the latest projects and innovative solutions in the Kingdom's real estate sector.

Supported by the Ministry of Municipalities and Housing, the expo serves as a specialized platform and strategic meeting point, bringing together leading real estate developers, investors, financing entities, and other stakeholders.

This contributes to building effective partnerships, exploring promising opportunities, and opening new horizons for cooperation and integration within the real estate development and housing ecosystem.

SEREDO 2026 will showcase the latest projects, investment opportunities, and cutting-edge technologies, in addition to an educational program featuring a series of workshops and panel discussions with experts and specialists.

The program will address modern trends and challenges facing the real estate market and review best practices and solutions that support sustainable urban development, in line with Saudi Vision 2030 objectives.