RIYADH — Saudi Arabia’s non-oil exports, including re-exports, increased by 6% year on year in May 2025, reaching SR31 billion ($8.2 billion), according to figures provided by the General Authority for Statistics on Thursday. However, national non-oil exports (excluding re-exports) fell 1.8%, while re-exports increased by 20.5% compared to May 2024. Overall goods exports fell by 14%, owing to a 21.8 percent reduction in oil shipments. As a result, the proportion of oil shipments to total exports declined from 72.1 percent in May 2024 to 65.6 percent in May 2025.
Imports, on the other hand, rose by 7.8 percent, resulting in a 68.4 percent year-on-year decrease in the trade balance surplus. The ratio of non-oil exports (including re-exports) to imports fell marginally to 38.5 percent, down from 39.1 percent a year ago, as imports outpaced non-oil exports. Electrical machinery, appliances, and parts were the leading non-oil exports, accounting for 23.7% of the total and nearly doubling from the previous year with a 99.8% increase. Chemical products came in second, accounting for 22.8% of the market and growing by 0.4%.
On the import side, electrical machinery and parts led the list, accounting for 29.7 percent of total imports and increasing by 23 percent year on year. Transport equipment and parts were next, accounting for 11.4 percent of imports but dropping by 9.2 percent.
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