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26-10-14

Saudi nonoil exports up 22 percent in August

(MENAFN) Saudi nonoil exports registered an increase by 22.2 percent in August to reach USD4.92 billion compared to the same month last year, while Saudi imports grew by 19.65 percent to USD15.14 billion compared to August 2013, Arab News reported.

.In terms of exports, plastic products topped the list in August, registered 34.15 percent of nonoil exports with a value USD1.67, chemical products came in second and valued USD1.45 billion, which is 29.52 percent of exports, followed by transport equipment and their parts by 10.82 percent, and a value of USD532.81 million of the total value of exports.

Meanwhile, in term of imports, equipment, machinery and electrical utensils captured the highest value of imports in August at USD4.19 billion, accounting for 27.88 percent of the total value of imports, followed by transport materials at the value of USD2.57 billion, or 17.10 percent of imports, then by ordinary metals and their products at a value of USD1.82 billion, or 12.20 percent.

The UAE topped the list of major importers from Saudi Arabia by 10.60 percent of the total value of exports in August, followed by China at 10.13 percent and India at 5.96 percent, while in term of countries from where the Kingdom is importing commodities, China topped the list with 15.42 percent of the total Saudi imports in August, followed by the United States at 12.58 percent, and Germany at 7.10 percent of total Saudi imports in the cited month.

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