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22/09/2025 06:05 AST
Saudi Arabia's non-oil trade surplus with the Gulf Cooperation Council (GCC) countries recorded an annual growth of 119% in the second quarter (Q2) of 2025, reaching around SAR11.9 billion ($3.17 billion).
This represents an increase of around SAR6.5 billion from Q2 2024, when the trade surplus amounted to SAR5.4 billion, according to data released by the General Authority for Statistics (GASTAT), a Saudi Press Agency report said.
Preliminary figures from the International Trade Bulletin for Q2 2025 show that the total value of non-oil trade, including re-exports, between Saudi Arabia and GCC member states amounted to SAR54.3 billion ($14.48 billion). This marks a year-on-year increase of 25.2%, equivalent to an additional SAR10.9 billion, from SAR43.4 billion in Q2 2024.
The value of total non-oil merchandise exports, including re-exports, rose by 35.7% during Q2 2025 to reach SAR33.1 billion, up from SAR24.4 billion in the same period last year, an increase of over SAR8.7 billion.
National non-oil exports stood at SAR8.9 billion, showing annual growth of 4.3% (SAR363.8 million) from SAR8.5 billion in Q2 2024.
Meanwhile, re-exports recorded robust growth of 52.4%, reaching SAR24.3 billion compared to SAR15.9 billion in the same quarter of the previous year, a rise of SAR8.4 billion.
Saudi Arabia's merchandise imports from GCC countries also increased, amounting to SAR21.2 billion, up by 11.7% (SAR2.2 billion) from SAR18.9 billion in Q2 2024.
he UAE was Saudi Arabia's top non-oil trading partner within the GCC, with bilateral trade reaching SAR40.4 billion, accounting for around 74.3% of the total. Oman ranked second, with non-oil trade amounting to SAR5.3 billion (9.7%), and Bahrain followed in third place with SAR4.7 billion (8.7%). Kuwait and Qatar recorded trade volumes of SAR2.4 billion (4.4%) and SAR1.6 billion (2.9%), respectively, taking the fourth and fifth spots.
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