The trade exchange among Kuwait and Saudi Arabia all through the 1st 4 months of 2022 witnessed a jump of 25.8% to arrive at the amount of 3.66 billion riyals, compared to 2.9 billion riyals through the very same period in 2021, while Saudi trade with the Sultanate of Oman jumped by 210%, with a trade trade of 9.76 billion riyals. .

At the stage of the Gulf nations mixed, the trade exchange in between Saudi Arabia and the Gulf Cooperation Council nations enhanced for the duration of the first 4 months of 2022 by 37.4% on an once-a-year basis, to reach 67.57 billion riyals in the initially 4 months of this 12 months, in contrast to 49.19 billion riyals in the same interval of 2021.

According to a statistic organized by Mubasher, based mostly on the most recent data of the Saudi Normal Authority for Data, the Kingdom’s trade with all GCC international locations increased in the initial 4 months of 2022, and the UAE arrived in the direct, taking 54.5% of Saudi Arabia’s trade in the Gulf through that time period.

Saudi trade with the UAE rose 11% in the 1st 4 months of 2022, to 36.84 billion riyals, followed by Bahrain with a value of 16.73 billion riyals, recording an annual boost of 69.2%.

In accordance to the statistics, Saudi Arabia obtained a surplus in the trade harmony with the GCC nations around the world of 20.85 billion riyals in the initial 4 months of 2022, in contrast to 5.2 billion riyals in the very same period of time previous yr, and Saudi Arabia recorded an enhance in the trade surplus with the Gulf countries by 301.36% in the 4 months The initial of this year, an maximize of 15.66 billion riyals.

The worth of the Kingdom’s trade surplus with the UAE amounted to 10.21 billion riyals, although it amounted to 8.32 billion riyals with Bahrain, 1.28 billion riyals with Kuwait, and 1.18 billion riyals with Oman, in contrast to a deficit of 139.2 million riyals with Qatar, and Saudi exports (petroleum and non-petroleum) improved Petroleum) for the Gulf Cooperation Council nations around the world greater by 62.6% in the first 4 months of 2022 on an annual basis.

The value of the Kingdom’s exports to the Gulf nations around the world amounted to 44.21 billion riyals in the initial four months of this year, compared to 27.19 billion riyals in the identical period of 2021. The UAE accounted for 53.2% of the benefit of the Kingdom’s exports to the Gulf nations around the world in the 1st 4 months of 2022, at a price of 23.52 billion riyals, an annual enhance of 47.3%.