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Saudi oil exports rise in March

26 May 2021 02:52 PM

Official data showed on Wednesday that the value of Saudi oil exports rose 75% in March, year on year, to 52.3 billion riyals ($ 13.95 billion). The General Authority for Statistics said that non-oil exports increased by 42.9% to 22.4 billion riyals and added that crude exports accounted for 70% of total exports.

Saudi Arabia, the world's largest oil exporter, suffered last year as the epidemic affected energy demand and thus state coffers. But the value of monthly oil exports began to rise late last year and in January exceeded 53 billion riyals, as oil prices recovered.

The statistics agency said that China remained Saudi Arabia's main trading partner in March, with exports amounting to 14.3 billion riyals and imports 9.4 billion riyals. The total value of the Kingdom's exports in March reached 74.7 billion riyals.

Meanwhile, Saudi imports from Turkey increased only marginally on a monthly basis in March, rising to 27 million riyals from 24.5 million riyals, much less than their value last year.

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