SR 778 billion trade balance surplus between Kingdom and other countries in 2013
Riyadh, Rabi’II 12, 1436, February 01, 2015, SPA — The trade balance surplus between the Kingdom of Saudi Arabia and other countries of the world in 2013 amounted to SR 778.941 million, while the Kingdom’s trade with these countries during the years from 2004 to 2013 witnessed a great development and the surplus in the trade balance of the Kingdom during this period recorded between SR 294.832 million in 2004 and SR 874.171 million in the year 2011.
The Department of Statistics and Information revealed in trade exchange release between the Kingdom and major trading partners in 1434 AH / 1435 AH that the world witnessed during that period the highest value of exports worth SR 1,456,502 million in 2012, and they were the least value of SR 472,491 million in 2004; while in 2013, they amounted to SR 1,409,523 million, and the most important countries to which the Kingdom exported for the year 2013 included the United States of America, China, Japan, South Korea, India, Singapore, the United Arab Emirates, Bahrain, Italy, and the total value of exports to these countries accounted for 73%.
On the side of the national goods, the most important goods exported in 2013 included crude oil and its products, plastics and their products such as polypropylene and polyethylene, chemical products such as styrene and ethylene glycol, Inorganic Chemicals such as ammonia, fertilizers of all kinds, and aluminum and its products.
The highest value of imports amounted to SR 630,582 million in 2013, and the least value amounted to SR 177,659 million in 2004, and the most important countries from which the Kingdom imported in 2013 were the United States of America, China, Germany, South Korea, Japan, the United Arab Emirates, India, Italy, Switzerland, France; and the total value of imports from these countries accounted for (62%).
The main imported goods for the year 2013 included passenger vehicles, iron and steel types, mobile devices, gold bars, pharmaceuticals, shipping goods automobiles, barley, auto parts, tires of all kinds, drilling floating or submersible platforms, frozen chickens, aircraft spare parts, and rice.
The Kingdom of Bahrain ranked second in the ranking of the GCC countries and accounted for (2.7%) of the Kingdom’s total exports for the year 2013 amounting to SR (38,081) million, while it ranked ninth among the countries to which the Kingdom exported, and the most important national exported goods included oils of crude oil and products, locomotive and driving ships, jewelry, gold, milk, cream, and cement.
The value of the Kingdom’s imports from Bahrain during the year 2013 amounted to SR(6,360) million, representing (1.0%) of the total value of the Kingdom’s imports, and it ranked 24th among the countries from which the Kingdom imported, while the main commodities imported from it included bars and rods of alloy aluminum, and electric wires of aluminum, air conditioning devices, which achieved a surplus in the trade balance amounted to SR
(31,721) million in that year.