Saudi Non Oil Exports Up 21% In November As Trade Balance Improves
The ratio of non-oil exports to imports rose to 42.2% from 34.9% year on year, with re-exports up 53.1% driven by machinery and electrical equipment.
Saudi Arabia’s non-oil exports, including re-exports, rose 20.7% year on year in November to Saudi riyals 32.69 billion (USD 8.72 billion), according to preliminary figures from the General Authority for Statistics. National non-oil exports excluding re-exports increased 4.7% compared with November 2024. Imports declined 0.2% year on year to Saudi riyals 77.38 billion, and the merchandise trade surplus rose 70.2% in the same month.
GASTAT reported that the ratio of non-oil exports, including re-exports, to imports reached 42.2% in November 2025, up from 34.9% a year earlier. The value of re-exported goods increased 53.1%, led by an 81.9% rise in machinery, electrical equipment and parts, which accounted for 51.5% of total re-exports. Machinery, electrical equipment and parts also led the non-oil export basket, representing 24.2% of outbound shipments with an 81.5% annual increase, followed by products of the chemical industries at 20.3%, up 0.5% year on year.
The UAE was the top destination for Saudi non-oil exports in November with shipments valued at Saudi riyals 10.48 billion, followed by India at Saudi riyals 3.01 billion, China at Saudi riyals 2.32 billion, Singapore at Saudi riyals 1.76 billion and Bahrain at Saudi riyals 900.7 million. Exports to Egypt totalled Saudi riyals 815.5 million, while Turkiye and Jordan received goods worth Saudi riyals 799.1 million and Saudi riyals 773.3 million, respectively. By sea, Jeddah Islamic Seaport handled the largest volume of non-oil exports at Saudi riyals 3.57 billion, followed by King Fahad Industrial Seaport in Jubail at Saudi riyals 3.51 billion. By air, King Abdulaziz International Airport processed goods valued at Saudi riyals 5.60 billion, and King Khalid International Airport handled Saudi riyals 3.53 billion. Total merchandise exports reached Saudi riyals 99.73 billion in November, up 10% year on year. Oil exports increased 5.4%, with the oil share of total exports easing to 67.2% from 70.1%. China was the largest export destination at 13.5% of total exports, followed by the UAE at 11.7% and Japan at 9.9%. China remained the largest source of imports at 26.7%, followed by the US at 10.2% and the UAE at 6.2%.
