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Saudi July exports drop 17 percent
Saudi Arabia's merchandise exports declined by 17.17% in July 2026, reaching 84.38 billion riyals compared to 101.87 billion riyals in the same month of the previous year. The value of oil exports decreased by 12.8% to 59.89 billion riyals, while non-oil exports fell by 14.8% to 15.49 billion riyals. Re-exports dropped significantly by 40% to 9 billion riyals. Additionally, Saudi imports decreased by 15.36% to 70.02 billion riyals. The total external trade value amounted to 154.39 billion riyals, resulting in a trade surplus of 14.36 billion riyals, down by 25% compared to the same month last year.
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