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Saudi oil exports rise 19.5% in May
Saudi Arabia's exports increased by 3.87% year-on-year in May 2026, reaching a value of 93.78 billion riyals. This growth was driven significantly by a 19.48% rise in oil exports, which amounted to 70.89 billion riyals. Conversely, non-oil exports decreased by 27.27% to 13.04 billion riyals, and the value of re-exports declined by 24.4%, totaling 9.85 billion riyals. Additionally, Saudi Arabia’s imports fell by 19.55% to 67.76 billion riyals, leading to a year-on-year increase in the trade balance surplus of 328.82%, reaching 26.02 billion riyals. Overall, foreign trade totaled 161.54 billion riyals, marking a 7.43% decrease compared to the same month last year.
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