image description
image description
Tell A Friend

Archives


  • 21-05-23

    Saudi exchange balance surplus rose to USD12b in February

    (MENAFN) Saudi Arabia’s balance of exchange saw its initial rise in nine months as it surged by SR6 billion (USD1.6 billion) in February 2023 in comparison with the month before.

    The exchange balance surplus rose by 16.6 percent, amounting SR44.5 billion from SR38.2 billion in January, data issued by the General Authority for Statistics showed.

    Ever since a SR8.2 billion rise last May, the nation’s surplus has been declining by an average of SR6.4 billion per month, according to the data.

    The rise in February was mainly triggered by the massive fall in merchandise imports, which dropped by 16.3 percent, or SR11.1 billion, from the month before to amount to SR56.6 billion.

    Saudi Arabia’s merchandise shipments also fell by 4.5 percent in February, decreasing by SR4.7 billion to amount to 101.1 billion, as indicated in the GASTAT data.

    On an annual basis, the nation’s non-oil shipments, counting in re-exports, dropped by 16.4 percent to reach SR20.9 billion in February in comparison with the same month last year.

    MENAFN21052023000045014228ID1106282543

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved