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Saudi non-oil Gulf trade surplus reaches 24.6B Riyals
Saudi Arabia's non-oil trade surplus with the Gulf Cooperation Council (GCC) countries increased by 12.05% during the first half of 2026, reaching approximately 24.58 billion riyals, compared to 21.94 billion riyals in the same period last year. The growth was driven by an 8.34% rise in non-oil exports to 67.06 billion riyals, with re-exports increasing by 7.05% to 47.48 billion riyals, constituting 71% of total non-oil exports to the Gulf. The UAE led the trade surplus with Saudi Arabia by approximately 20.79 billion riyals, followed by Kuwait with 3.97 billion riyals. Meanwhile, the Kingdom recorded a non-oil deficit with Oman amounting to 335 million riyals, representing a 93% reduction. Despite the increase in the surplus, the total non-oil trade exchange between Saudi Arabia and GCC countries declined by 0.9%, reaching 122.42 billion riyals, with non-oil exports growing at a faster rate than imports.
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