According to Saudi Arabia’s General Authority for Statistics (GASTAT), merchandise exports saw an uptick in July 2024, reaching SAR94.5 billion ($25.2 billion), up from SAR92.6 billion in July 2023. This represents an increase of SAR1.9 billion, or 2.1 percent.
In terms of oil exports, July 2024 recorded a total of SAR69.1 billion ($18.4 billion), down from SAR71.3 billion in July 2023, marking a decline of SAR2.2 billion, or 3.1 percent.
On the other hand, non-oil exports, which include re-exports, rose to SAR25.4 billion in July 2024, compared to SAR21.3 billion in July 2023, reflecting an increase of SAR4.1 billion, or 19.2 percent.
The Kingdom’s merchandise imports for July 2024 totaled SAR75.2 billion, in contrast to SAR66.8 billion during the same month in 2023, indicating a decrease of SAR8.4 billion, or 12.6 percent.
A recent report indicated a 14.6 percent increase in container traffic at Saudi Arabia’s ports compared to the previous year. GASTAT published the 2023 Maritime Transport Statistics, revealing that total container traffic at Saudi ports exceeded 5 million TEUs. Inbound traffic reached 3.4 million TEUs, while outbound traffic totaled 2.2 million TEUs.
The report also noted a 33.8 percent rise in ship traffic at Saudi ports year-over-year, with 19,082 ships docking in 2023. King Fahad Industrial Port in Yanbu topped the list with 6,538 ship arrivals, followed by Jeddah Islamic Port with 4,411 ships and King Abdulaziz Port in Dammam with 2,516 ships.
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