Saudi Trade Surplus Hits $5.53 Billion in October 2024, Up 30%

KSA, 3 January, 2025 :  Saudi Arabia’s trade surplus surged by 30% in October 2024, reaching SAR 20.769 billion, up from SAR 15.999 billion in September, according to the Kingdom’s global trade bulletin. Total international trade volume grew 2% to SAR 164.794 billion.

Merchandise exports contributed SAR 92.782 billion, with oil exports accounting for 72.6% (SAR 67.399 billion) and non-oil exports at 21% (SAR 19.413 billion). Imports totaled SAR 72.012 billion.

Asia, excluding Arab and Islamic nations, was the top destination for Saudi exports, receiving 52.2% (SAR 48.409 billion). China led individual countries at 16.1%, followed by India (9.5%) and Japan (9.4%).

Non-oil exports, including re-exports worth SAR 25.382 billion, passed through 33 customs ports. King Fahd Industrial Port in Jubail recorded the highest value, handling SAR 3.775 billion (15% of the total).