Exports in Saudi Arabia
Saudi Arabia - ExportsSaudi 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
|Exports (USD billion)||376||342||204||184||221|
5 years of economic forecasts for more than 30 economic indicators.
Saudi Arabia Exports Chart
Source: Central Department of Statistics and Information.
Saudi Arabia Facts
|Bond Yield||2.49||0.0 %||Jun 23|
|Exchange Rate||3.75||0.0 %||Jun 14|
|Stock Market||0.2||1.00 %||Jun 14|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 11, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, rose from April’s 56.8 to 57.3 in May.
May 28, 2019
Oil prices declined in recent weeks following the rally in the first four months of the year.
May 22, 2019
Consumer prices were flat over the previous month in April, following March’s 0.1% decline.
May 5, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, was unchanged at March’s 56.8 in April.
May 3, 2019
Oil prices continued to climb in recent weeks on supply side concerns following the U.S. decision to end Iranian oil waivers and the strong compliance to the oil deal by OPEC and key non-OPEC members.