Oil exports of Saudi Arabia decreased by 25.5%
According to the data published by General Authority for Statistics of Kingdom of Saudi Arabia, oil exports of Saudi Arabia valued at 58 billion 112 million riyals in September 2019 compared to 77 billion 966 million riyals in September 2018, corresponding to a decrease of 19 billion 854 million riyals or 25.5% over that period. The share of oil exports in total merchandise exports also decreased from 80.1% in September 2018 to 76.1% in September 2019. Compared to the previous month (August 2019), the value of oil exports decreased by 1 billion 497 million riyals or 2.5% in September 2019.
Total merchandise exports of Saudi Arabia amounted to 76 billion 363 million riyals in September 2019 compared to 97 billion 277 million riyals in September 2018, corresponding to a decrease of 20 billion 914 million riyals or 21.5% over that period. Merchandise exports in September 2019 were, however, higher than those in the preceding month (August 2019) by 1 billion 48 million riyals or 1.4%.
Source: General Authority for Statistics of Kingdom of Saudi Arabia / link: https://www.stats.gov.sa/sites/default/files/merchandise_exports_and_imports_of_the_kingdom_of_saudi_arabia_-sep_2019.pdf
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