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Saudi non-oil trade deficit with GCC hits SAR 3bn in February

Saudi non-oil trade deficit with GCC hits SAR 3bn in February
Non-oil exports from Saudi Arabia to the GCC countries increased by 11.6%

Riyadh – Mubasher: Saudi Arabia has registered a non-oil trade deficit of SAR 3.13 billion ($835 million) with the GCC states in February 2018 compared to SAR 33 million ($8.8 million) in the same month a year earlier, according to the latest official report.

Non-oil exports from Saudi Arabia to the GCC countries increased by 11.6% to SAR 3.84 billion ($1.02 billion) in February this year compared to SAR 3.44 billion ($917 million) in the same month in 2017.

Meanwhile, imported goods to the kingdom from the GCC leaped by 100.9% to SAR 6.97 billion ($1.86 billion) in the second month of 2018 from SAR 3.47 billion ($925 million) in the same month last year.