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Press Dossier    By Date   02/03/2023 Saudi Arabia’s merchandise exports rose 6.4% in Q4 2022: GASTAT

Arab News, Thursday, Mar 02, 2023 | Sha'ban 10, 1444

Saudi Arabia’s merchandise exports rose 6.4% in Q4 2022: GASTAT

Saudi Arabia: Saudi Arabia’s overall merchandise exports increased by 6.4 percent in the fourth quarter of 2022 to SR342.4 billion ($91.24 billion), compared to the same period in 2021, according to the latest data released by the General Authority for Statistics. 

The GASTAT data suggested that this rise in overall merchandise exports was driven by a surge in oil exports, which rose by SR31.7 billion or 13.2 percent in the same period, compared to the fourth quarter of 2021. 

According to the report, the share of oil exports in total exports increased to 79.2 percent in the fourth quarter of 2022 from 74.4 percent in the same period of the previous year. 

However, compared to the third quarter of 2022, total merchandise exports decreased by SR57.9 billion or 14.5 percent in the fourth quarter.

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