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.‎