The surplus of Saudi Arabia’s foreign trade balance (oil and non-oil) increased by 172.8 percent on an annual basis during the first seven months of 2022, reaching 147.3 billion dollars, compared to about 54 billion dollars, during the corresponding period of 2021.
According to data issued by the Saudi General Authority for Statistics (governmental), the value of merchandise exports (oil and non-oil) increased by 77.2 percent, to $249.9 billion, while imports rose 17.9 percent, to $102.6 billion.
The value of "oil" exports to Saudi Arabia rose by 95.1 percent to $198.7 billion. And Saudi Arabia's crude oil exports rose by 2.6 percent on a monthly basis, last July, to 7.38 million barrels per day.
Saudi Arabia is the largest exporter of crude oil in the world, although it comes third in production after the United States and Russia.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
