According to official data, Saudi Arabia’s non-oil exports climbed by 7.3 percent in June to reach SR21.59 billion ($5.75 billion) over the same month the previous year.
The General Authority for Statistics reports that, with 27.7 percent of all outbound shipments—a 3.8 percent increase from June 2023—chemical and related items lead the non-oil export category.
Then came plastic items, which accounted for 25.7% of non-oil exports and increased by 2.8% year over year.
Saudi Arabia’s Vision 2030 economic diversification plan includes a significant emphasis on growing non-oil exports. The Kingdom wants to grow industries like manufacturing and chemicals in order to lessen its need on oil, promote industrial growth, and create a more resilient economy.
According to the study, in June, the Kingdom shipped non-oil products worth SR4.46 billion to the United Arab Emirates (UAE). China and India followed with SR2.66 billion and SR1.74 billion, respectively.
Non-oil items of SR983 million were imported by Bahrain, while products worth SR851.2 million and SR692.9 million were shipped to Turkiye and Singapore, respectively.
On the other hand, non-oil exports fell by 26.4 percent in May compared to May 1.
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