Arab News, Tuesday, Feb 21, 2023 | Sha'ban 01, 1444
Saudi Arabia’s oil exports value climbs 11.1% to $23bn in December: GASTAT
Saudi Arabia:
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.