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Saudi Arabia’s trade surplus down 23.5% in November

Saudi Arabia’s trade surplus down 23.5% in November
Merchandise exports decreased to around SAR 79.83 billion

Riyadh – Mubasher: Saudi Arabia’s trade surplus declined by 23.54% to around SAR 42 billion ($11.2 billion) in November 2019, compared to SAR 54.95 billion in the same period in 2018.

The kingdom’s merchandise exports and imports reached around SAR 117.64 billion in November 2019 from SAR 132.77 billion in the same month of the prior year, according to Saudi General Authority for Statistics (GaStat).

Furthermore, Saudi Arabia’s merchandise exports decreased to around SAR 79.83 billion in November last year from SAR 93.86 billion in the corresponding period in 2018, while imports recorded around SAR 37.8 billion from SAR 38.9 billion.