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    Saudi Arabia’s trade balance achieves SR38 billion surplus in June

    Bynewshuntexpress

    Aug 24, 2023
    Saudi Arabia’s trade balance achieves SR38 billion surplus in June


    Saudi Gazette report

    RIYADH — Saudi Arabia’s trade balance achieved a surplus of about SR38 billion (about $10 billion) during June of 2023, according to a report of the Saudi Statistics Authority (GASTAT).

    The authority stated in its monthly report that the Kingdom’s merchandise exports decreased by 39.7 percent on an annual basis in June, reaching SR88.8 billion, while imports fell 17.1 percent to SR51.4 billion.

    It indicated that oil exports declined by 38.3 percent on an annual basis in June, reaching SR71.9 billion.



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