Mubasher TV
Contact Us Advertising   العربية

KSA's trade surplus totals SAR 118.2bn in 9M

KSA's trade surplus totals SAR 118.2bn in 9M
KSA's trade exchange hit SAR 835.02 billion in the January-September period in 2020.

Riyadh – Mubasher: Saudi Arabia recorded a trade surplus of SAR 118.15 billion during the first nine months of 2020, down by 62.1% from SAR 311.9 billion in the same period in 2019.

The GCC nation’s trade exchange amounted to SAR 835.02 billion in the January-September period in 2020, a decline of 28.3% when compared to SAR 1.16 trillion in the prior-year period, according to data collected by Mubasher based on official figures.

In the third quarter (Q3) of the year, the kingdom’s trade surplus fell by 50.2% on a year-on-year (YoY) basis to stand at SAR 44.64 billion, compared with SAR 89.68 billion in the year-ago quarter.

Meanwhile, trade exchange shrank by 26.7% on an annual basis to reach SAR 279.03 billion.  

In September, the Gulf country achieved SAR 12.77 billion in trade surplus, down by 63.37% YoY, driven by an annual drop in trade exchange by 22.2%.