- ARAB NEWS
- 03 May 2024
Since 1975
Niraml Narayanan
RIYADH: Saudi Arabia’s oil export value for December 2022 climbed 11.1 percent year-on-year to SR85.5 billion ($22.80 billion), according to the latest data released by the General Authority for Statistics.
The GASTAT data suggested that the share of oil exports in total exports increased from 71.9 percent in December 2021 to 79 percent in December 2022.
The report further noted that the Kingdom’s overall merchandise exports rose by 1.1 percent in December 2022, compared to the same month in 2021.
The value of exports amounted to SR108.2 billion in December 2022, up from SR107 billion in December 2021.
The GASTAT report further added that Saudi Arabia’s non-oil exports including re-exports decreased by 24.4 percent to SR22.7 billion in December 2022, from SR30.1 billion in the same period in 2021.
