By: El-Sayed Gamal
Riyadh – Mubasher: Non-oil trade exchange between Saudi Arabia and the Arab World declined by 4.7% year-on-year to SAR 71.67 billion ($19.11 billion) during the first six months of 2019, according to data compiled by Mubasher.
The UAE topped the kingdom’s Arab trade partners, with bilateral non-oil trade between both countries reaching SAR 32.78 billion in H1-19.
Saudi merchandise exports to Arab countries went down to SAR 36.09 billion in the first half of 2019, from SAR 38.27 billion a year earlier.
Moreover, the kingdom’s imports from the Arab World decreased to SAR 35.58 billion in H1-19, against SAR 36.91 billion the year before.
Saudi-Arab non-hydrocarbon trade dropped 10% year-on-year to SAR 34.68 billion during the second quarter of 2019.
In Q2-19, Saudi Arabia’s exports to Arab countries levelled down to SAR 17.25 billion, while the kingdom’s imports from these countries declined to SAR 17.43 billion.
Translated by: Muhammad Abdul-Wakeel