Oil exports rise 20% with 300% surplus
Saudi exports generally increased in May 2026 by 3.9% year-on-year, supported by a 19.5% rise in oil exports. The trade surplus also surged by 328.8% compared to the same month last year. Despite a 26.1% decline in non-oil exports, China remains the Kingdom's biggest trading partner, accounting for 12.3% of total exports and 22% of imports. The oil sector continues to boost the trade balance, while the ratio of non-oil exports to imports decreased to 33.8%.
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