Search

Saudi Arabia's oil exports climb 147% to $16 bln in May - Reuters

thekflow.blogspot.com

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov

DUBAI, July 28 (Reuters) - The value of Saudi Arabia's oil exports in May increased 147% to just over 60 billion riyals ($16 billion) from a year earlier while non-oil exports rose by 70%, official data showed on Wednesday.

"Overall merchandise exports increased by 120.1% in May 2021 compared to May 2020, when international trade was impacted by COVID-related lockdowns and travel bans in numerous countries", the General Authority for Statistics said.

Oil exports accounted for 73.2% of total exports, up from 65.3% in May last year.

Non-oil exports rose to 22 billion riyals from 12.9 billion riyals in May 2020.

Saudi Arabia, the world's top oil exporter, suffered last year as the COVID-19 pandemic hit energy demand and its state coffers as a result.

China remained Saudi Arabia's main trading partner in May, with Saudi exports there corresponding to 21.4% of total exports.

($1 = 3.7504 riyals)

Reporting by Davide Barbuscia; Editing by Steve Orlofsky

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)



"may" - Google News
July 28, 2021 at 07:34PM
https://ift.tt/2V0u19x

Saudi Arabia's oil exports climb 147% to $16 bln in May - Reuters
"may" - Google News
https://ift.tt/3foH8qu
https://ift.tt/2zNW3tO

Bagikan Berita Ini

0 Response to "Saudi Arabia's oil exports climb 147% to $16 bln in May - Reuters"

Post a Comment


Powered by Blogger.