Saudi's non-oil exports up 26% to $3.8bn in Feb

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi Arabia’s non-oil exports rose an annual 26 percent in February to SR14.3bn ($3.8bn), the official Saudi Press Agency reported, citing data from the Central Department of Statistics.

The data showed the total weight of exports reached 3,878,000 tonnes, an increase of 470,000 tons on th same period last year, up 14 percent.

The report added that petrochemicals were the biggest exported product in February amounting to SR5.2bn, followed by plastic products and foodstuffs.

China ranked first as Saudi Arabia's biggest customer of its non-oil exports with a total of SR2bn, followed by the UAE with SR1.5bn, Singapore (SR836m), India (SR800m), and Turkey (SR714m).

Earlier this month, Saudi Arabia's government was reportedly considering switching the kingdom's weekend from Thursday-Friday to Friday-Saturday in a bid to boost trade.

A government committee in the GCC's most populous nation is nearing completion of a study into the economic and social benefits of the change, which would align Saudi's weekend with that of neighbouring countries.

Economically, preliminary statistics have revealed that Saudi loses billions of dollars in both trade and financial transactions as Thursday is not a public holiday in any other part of the world.

With 48 Thursdays in a year, the country misses out on the probable economic benefit of a month and a half per year, it has been argued.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
UAE's role in the new space race

UAE's role in the new space race

In the last five years, the UAE has invested heavily in a bid...

Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

Qatar's labour requirements

Qatar's labour requirements

Qatar’s Supreme committee has published worker welfare standards...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams