Saudi Arabia recorded $268 billion trade surplus in 2012
October 13, 2013
The reform initiatives announced in 2011 in order to accelerate the pace of progress towards addressing social issues, including employment, housing, and small projects and development programs, affected the overall economic performance in the Kingdom. Total Saudi exports in 2012 equaled SR 1.485 trillion [$396 billion], an increase of 9 percent over 2011. The value of non-petroleum exports equaled SR 183 billion [$48.8 billion], an increase of 4 percent over 2011. Merchandise imports in 2012 equaled approximately SR 583.5 billion. [$155.6 billion]. The trade balance for the current fiscal year achieved a surplus of SR 1.005 trillion [$268 billion], an increase of 10 percent over 2012.