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RIYADH: Saudi oil exports surged 75 percent year-on-year in March to SR52.3 billion ($13.95 billion) while non-oil exports rose 43 percent to $5.96 billion, which was the highest level since July 2018, according to official data.
The General Authority for Statistics (GASTAT) report showed that early last year, as the economic impact of the coronavirus (COVID-19) pandemic became evident, oil prices fell in March to around $34 a barrel.
Oil remained the dominant export in the month, accounting for $19.91 billion or 70 percent of exports.
Oil prices were slightly lower on Thursday. Brent was down 60 cents, or 0.9 percent, to $68.27 a barrel while US West Texas Intermediate (WTI) crude fell 57 cents, or 0.9 percent, to $65.64 a barrel.
RIYADH: Saudi non-oil exports increased 23.1 percent year over year in the first quarter of 2021 to SR59.9 billion ($15.9 billion), according to data issued today by the Saudi General Authority for Statistics. The Kingdom’s imports increased 4 percent to SR137.7 billion, for an overall trade surplus, including oil exports, of SR74.7 billion, the third consecutive quarter of