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Saudi oil exports rose 147% year-on-year to $16 billion in May

 Last Update: 2023-01-03
 Source: Internet
 Author: User

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Saudi Arabia's oil exports rose 147 percent in May from a year earlier to just over 60 billion riyals ($16 billion), while non-oil exports rose 70 percent
, official data on Wednesday.

"Overall merchandise exports increased by 120.
1% in May 2021 compared to May 2020, when international trade was affected by COVID-related lockdowns and travel bans in many countries", said DGS".

Among them, oil exports accounted for 73.
2% of total exports, up from 65.
3%
in May last year.
Non-oil exports increased to 22 billion riyals from 12.
9 billion riyals
in May 2020.

Saudi Arabia, the world's largest oil exporter, suffered losses last year as the COVID-19 pandemic hit energy demand and its treasury
.

In May, China remained Saudi Arabia's main trading partner, accounting for 21.
4%
of total exports.

Saudi Arabia's oil exports rose 147 percent in May from a year earlier to just over 60 billion riyals ($16 billion), while non-oil exports rose 70 percent
, official data on Wednesday.

Oil exports

"Overall merchandise exports increased by 120.
1% in May 2021 compared to May 2020, when international trade was affected by COVID-related lockdowns and travel bans in many countries", said DGS".

Among them, oil exports accounted for 73.
2% of total exports, up from 65.
3%
in May last year.
Non-oil exports increased to 22 billion riyals from 12.
9 billion riyals
in May 2020.

Saudi Arabia, the world's largest oil exporter, suffered losses last year as the COVID-19 pandemic hit energy demand and its treasury
.

In May, China remained Saudi Arabia's main trading partner, accounting for 21.
4%
of total exports.

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