Saudi Arabia's trade balance surplus declined during the third quarter of 2023 amid a decline in petroleum exports. The trade balance surplus recorded levels of 100 billion riyals in the period from July to September, compared to 102 billion riyals in the second quarter, and 216 billion riyals in the third quarter of 2022.
Merchandise exports fell 24.9 percent to 299.8 billion riyals in the third quarter, amid a 27.8 percent drop in petroleum exports to 231.1 billion riyals. Non-oil exports (including re-exports) decreased by about 13 percent year-on-year to 68.7 billion riyals.
Source (CNBC Arabia Website, Edited)
