RIYADH: Saudi Arabia’s non-oil exports rose 13.4 percent to SR80.72 billion ($21.52 billion) in the first quarter of 2025 compared to a year earlier, underscoring the Kingdom’s ongoing efforts to diversify its economy.
According to preliminary data released by the General Authority for Statistics, national non-oil exports — excluding re-exports — grew by 9 percent, while the value of re-exported goods surged 23.7 percent.
This growth aligns with Saudi Arabia’s Vision 2030 goal of developing a robust non-oil sector to transform the Kingdom’s economy and reduce its dependence on oil revenues.
“The ratio of non-oil exports (including re-exports) to imports increased to 36.2 percent in the first quarter of 2025 from 34.3 percent in the first quarter of 2024. This is attributed to the increase in non-oil exports compared to imports of 13.4 percent and 7.3 percent, respectively,…
