Saudi non-oil exports climb 22.1 percent year on year to $7.31bn: GASTAT

The rise in non-oil exports supports the goals of Saudi Vision 2030, which aims to diversify Saudi Arabia’s economy and reduce its reliance on oil revenues. (SPA)
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Updated 31 August 2025
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Saudi non-oil exports climb 22.1 percent year on year to $7.31bn: GASTAT

  • Exports to the UAE amount to SR7.85 billion in the sixth month of the year
  • Among the most important non-oil exports are chemical products, which constituted 24.5 percent of the total non-oil exports, recording an 8.5 percent increase compared to June 2024

RIYADH:  Saudi Arabia’s non-oil exports, including re-exports, reached SR27.45 billion ($7.31 billion) in June, marking an annual rise of 22.1 percent, official data showed.

Preliminary figures released by the General Authority for Statistics showed that the UAE remained the top destination for the Kingdom’s non-oil products, with exports to the Emirates amounting to SR7.85 billion in the sixth month of the year.

India was the second-largest non-oil trade partner, importing goods worth SR2.6 billion, followed by China at SR2.14 billion, Turkiye at SR946.2 million, and Egypt at SR871.2 million.

The rise in non-oil exports supports the goals of Vision 2030, which aims to diversify Saudi economy and reduce its reliance on oil revenues.

In its latest report, GASTAT stated: “Non-oil exports, including re-exports, recorded an increase of 22.1 percent compared to June 2024, while national non-oil exports, excluding re-exports, increased by 8.4 percent.”

It added: “The value of re-exported goods increased by 60.2 percent during the same period.”

In a separate release, GASTAT noted that Saudi non-oil exports jumped 17.8 percent in the second quarter of 2025, offsetting weaker oil sales and highlighting the Kingdom’s accelerating diversification drive, official data showed.   

FASTFACTS

• Figures showed that the UAE remained the top destination for the Kingdom’s non-oil products.

• India was the second-largest non-oil trade partner, importing goods worth SR2.6 billion.

• This is followed by China at SR2.14 billion, Turkiye at SR946.2 million, and Egypt at SR871.2 million.

• Other major destinations for Saudi non-oil shipments in June included Belgium.

The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports climbed 5.6 percent.

Other major destinations for Saudi non-oil shipments in June included Belgium, which received goods worth SR675.2 million, followed by Oman at SR629.4 million, and Kuwait at SR594.4 million.

Exports to the US stood at SR446 million, while shipments to Singapore and the UK totaled SR394.3 million and SR322.3 million, respectively.

Departure locations

Among seaports, the King Fahad Industrial Port in Jubail handled the highest volume of outbound non-oil goods, valued at SR3.55 billion, followed closely by the Jeddah Islamic Sea Port at SR3.17 billion.

Jubail Sea Ports and Ras Al Khair facilitated non-oil exports worth SR2.19 billion and SR1.98 billion, respectively.

On land, the Al-Batha Port processed non-oil exports worth SR1.77 billion. Al-Hadithah and Al-Wadiah ports recorded outbound shipments of SR693.6 million and SR398.9 million, respectively.

King Abdulaziz International Airport led all air terminals, handling SR4.25 billion in non-oil exports in June — a 366.3 percent increase compared to the same month last year.

Machinery and chemicals lead the way

“Among the most important non-oil exports are chemical products, which constituted 24.5 percent of the total non-oil exports, recording an 8.5 percent increase compared to June 2024,” GASTAT noted.

Machinery, electrical equipment, and parts came in second, accounting for 23.3 percent of total non-oil exports and growing 168 percent year on year. The strength of Saudi non-oil private sector was further affirmed by Riyad Bank’s Purchasing Managers’ Index, compiled by S&P Global, which showed that the Kingdom’s headline PMI rose to 57.2 in June, up from 55.8 in May. This reading indicates a strong improvement in business conditions, exceeding the long-run average of 56.9.

A PMI score above 50 signals expansion, while a figure below that mark indicates contraction. Saudi Arabia’s June PMI also outpaced that of its regional peers, with the UAE and Kuwait recording 53.5 and 53.1, respectively.




Machinery, electrical equipment, and parts accounted for 23.3 percent of total non-oil exports and growing 168 percent year on year. (AN file photo)

Merchandise exports

According to GASTAT, the Kingdom’s total merchandise exports in June increased by 3.7 percent year on year, although there was a 2.5 percent decrease in oil exports. Consequently, the percentage of oil exports out of total exports decreased from 74.7 percent in June 2024 to 70.2 percent a year later.

China was the top destination for Saudi Arabia’s overall merchandise exports, with shipments valued at SR14.32 billion. The UAE followed at SR8.4 billion — a 43.5 percent jump compared to the previous year — while exports to India reached SR8.33 billion. South Korea and Japan imported SR8.22 billion and SR6.65 billion worth of goods, respectively, while Egypt accounted for SR4.48 billion.

Imports climb

Saudi imports in June reached SR70.03 billion, up 1.7 percent year on year, GASTAT reported.

Machinery, mechanical and electrical equipment topped the import list at SR21.42 billion, followed by transport equipment at SR8.75 billion and chemical products at SR6.38 billion.

Base metal imports stood at SR5.68 billion, while mineral products totaled SR3.95 billion.

By region, Asia remained the Kingdom’s largest trade partner, contributing SR39.68 billion in imports — a 9.2 percent rise from a year ago.

Imports from Europe and the Americas amounted to SR18.6 billion and SR8.23 billion, respectively. Africa supplied SR2.79 billion worth of goods, while imports from Oceania totaled SR719.7 million.

China led all countries as the top source of imports, with SR19.54 billion worth of shipments in June, a 27.7 percent year-on-year increase. The US followed with SR5.79 billion, ahead of the UAE at SR4.31 billion, India at SR3.19 billion, and Germany at SR2.94 billion.  Sea routes were the dominant entry channel for imports, accounting for SR41.47 billion — a 4.3 percent decrease year on year. Air and land routes handled SR21.2 billion and SR7.35 billion worth of inbound goods, respectively.

King Abdulaziz Sea Port in Dammam led all seaports with SR17.7 billion in imports, followed by Jeddah Islamic Sea Port at SR16.18 billion and Ras Tanura Port at SR1.28 billion.

Among land entry points, Al-Batha Port managed SR3.07 billion worth of goods, while Riyadh Dry Port and King Fahad Bridge processed SR2.14 billion and SR691.7 million, respectively.

A mixed picture

While non-oil exports strengthened, Saudi Arabia’s overall trade performance showed mixed signals across the second quarter of the year.

During this period, a 15.8 percent drop in oil exports dragged total merchandise exports down by 7.3 percent year on year. Combined with a 13.1 percent rise in imports, this pushed the merchandise trade balance surplus down by 56.2 percent compared to the same period in 2024.  Oil’s share of the Kingdom’s total exports slipped from 74.7 percent to 67.9 percent in the quarter, reflecting a gradual rebalancing of the
export basket.


India and US release a framework for an interim trade agreement to reduce Trump tariffs

Updated 58 min 25 sec ago
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India and US release a framework for an interim trade agreement to reduce Trump tariffs

  • Under the deal, tariffs on goods from India would be lowered to 18 percent, from 25 percent, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil, Trump had said.

NEW DELHI: India and the United States released a framework for an interim trade agreement to lower tariffs on Indian goods, which Indian opposition accused of favoring Washington.
The joint statement, released Friday, came after US President Donald Trump announced his plan last week to reduce import tariffs on the South Asian country, six months after imposing steep taxes to press New Delhi to cut its reliance on cheap Russian crude.
Under the deal, tariffs on goods from India would be lowered to 18 percent, from 25 percent, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil, Trump had said.
The two countries called the agreement “reciprocal and mutually beneficial” and expressed commitment to work toward a broader trade deal that “will include additional market access commitments and support more resilient supply chains.” The framework said that more negotiations will be needed to formalize the agreement.
India would also “eliminate or reduce tariffs” on all US industrial goods and a wide range of food and agricultural products, Friday’s statement said.
The US president had said that India would start to reduce its import taxes on US goods to zero and buy $500 billion worth of American products over five years, part of the Trump administration’s bid to seek greater market access and zero tariffs on almost all American exports.
Trump also signed an executive order on Friday to revoke a separate 25 percent tariff on Indian goods he imposed last year.
Indian Prime Minister Narendra Modi thanked Trump “for his personal commitment to robust ties.”
“This framework reflects the growing depth, trust and dynamism of our partnership,” Modi said on social media, adding it will “further deepen investment and technology partnerships between us.”
India’s opposition political parties have largely criticized the deal, saying it heavily favors the US and negatively impacts sensitive sectors such as agriculture. In the past, New Delhi had opposed tariffs on sectors such as agriculture and dairy, which employ the bulk of the country’s population.
Meanwhile, Piyush Goyal, Indian Trade Minister, said the deal protects “sensitive agricultural and dairy products” including maize, wheat, rice, ethanol, tobacco, and some vegetables.
“This (agreement) will open a $30 trillion market for Indian exporters,” Goyal said in a social media post, referring to the US annual GDP. He said the increase in exports was likely to create hundreds of thousands of new job opportunities.
Goyal also said tariffs will go down to zero on a wide range of Indian goods exported to the US, including generic pharmaceuticals, gems and diamonds, and aircraft parts, further enhancing the country’s export competitiveness.
India and the European Union recently reached a free trade agreement that could affect as many as 2 billion people after nearly two decades of negotiations. That deal would enable free trade on almost all goods between the EU’s 27 members and India, covering everything from textiles to medicines, and bringing down high import taxes for European wine and cars.
India also signed a comprehensive economic partnership agreement with Oman in December and concluded talks for a free trade deal with New Zealand.