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Home > KOSUN News >
Saudi Arabia's foreign exports rebounded rapidly
Feb 19, 2022
After the national economy was hit by the epidemic in 2020, the world's largest oil exporter - Saudi Arabia's foreign trade continued to pick up in 2021. Statistics released by the General Administration of Statistics of Saudi Arabia on the evening of the 26th local time show that in October 2021, Saudi Arabia’s foreign exports increased by 90% compared with the same period last year. Among them, affected by the increase in oil prices, crude oil exports reached 82.4 billion Saudi riyals (about 1,400.8 riyals). RMB 100 million), an increase of 123.1% over October 2020; non-petroleum commodity exports increased by 25.5% over the same period last year, and total exports also increased by 12.2% over September 2021.
Earlier this month, the Saudi Ministry of Finance announced the 2021-2022 state budget, which is expected to show its first fiscal surplus in nine years. The World Economic Outlook Report released by the International Monetary Fund in October also predicted that Saudi Arabia's economic growth will reach 2.8% in 2021, and the growth rate will further rise to 4.8% in 2022. (This article is from PetroChina News Center, and the text of this article comes from the Internet. We focus on sharing, and the copyright belongs to the original author.)
