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Hormuz tensions boost Saudi exports
The 2026 commercial data demonstrated exceptional resilience in the Saudi economy, with the "Re-Export" item reaching its highest level since 2017 at $4.13 billion. This was the result of rerouting shipments through Red Sea ports and activating the "East-West" line, which supported a 12% growth in oil exports to $18.56 billion. Additionally, the trade surplus doubled by 100.8%, reaching $6.77 billion.
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