Exports in Saudi Arabia

Saudi Arabia Exports | Economic News & Forecasts

Saudi Arabia - Exports

Saudi Arabia’s strict compliance with the OPEC+ deal likely caused GDP growth to slow sharply in the first quarter. The Kingdom pumped 700,000 barrels per day less in Q1 compared to Q4. Moreover, the housing market remained depressed in Q1, with the real estate price index falling to a new low in the period. On the upside, the rally in oil prices observed in Q1 increased government spending and prompted the budget balance to post its first surplus in five years in the quarter. Stronger public spending likely boosted activity in the non-oil sector, while higher oil prices supported private lending. Economic activity, however, could worsen in the months ahead after escalating trade tensions between China and the United States dramatically ended the rally in oil prices in late April, with oil prices trading lower on a year-on-year basis in recent days.

Saudi Arabia - Exports Data

2013  2014  2015  2016  2017  
Exports (USD billion)376  342  204  184  221  

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Saudi Arabia Exports Chart

Saudi Arabia Exports
Note: Exports (USD billion)
Source: Central Department of Statistics and Information.

Saudi Arabia Facts

Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Jun 14
Stock Market0.21.00 %Jun 14

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