25.12.202506:33:41UTC+00Saudi Arabia Trade Surplus Widens in October

In October 2025, Saudi Arabia experienced a significant increase in its trade surplus, which rose to SAR 24.0 billion from SAR 16.2 billion in the same month of the previous year. This growth was primarily due to a rise in exports that surpassed the rate of imports. Total exports climbed by 11.8% year-on-year to reach SAR 104.0 billion, largely fueled by a 4.0% increase in oil shipments, which constituted 67.4% of the total export value. Non-oil exports also recorded substantial growth, with an impressive 32.3% increase, spearheaded by a remarkable 387.5% surge in the export of transportation equipment and parts, contributing to 37.4% of non-oil export earnings. China maintained its position as Saudi Arabia's leading export market, receiving 14.1% of its exports, followed by the UAE with 10.9% and India with 9.9%. On the import side, there was a 4.3% rise to SAR 80.0 billion, driven largely by a 26.3% increase in the importation of machinery, electrical equipment, and parts, which constituted 30.2% of the total import value. China was also the primary source of imports, accounting for 24.8% of the total, surpassing the U.S. at 8.7% and the UAE at 6.4%.