By: Elsayed Gamal
Riyadh – Mubasher: Saudi Arabia has achieved a 54.3% year-on-year jump in its trade balance surplus in the first quarter of 2018.
The kingdom’s surplus amounted to SAR 125.5 billion ($33.46 billion) in Q1-18, up from SAR 81.32 billion ($21.68 billion) in the same period of 2017, statistics by Mubasher, based on the General Authority for Statistics’ (GASTAT) data showed.
The total value of Saudi exports reached SAR 240.69 billion in Q1-18, compared to SAR 207.04 billion in the same three months during the year before.
The GCC nation’s imports amounted to SAR 115.19 billion during Q1-18, compared to SAR 125.72 billion in the same period a year earlier.
Translated by: Mohamed Hesham Azab
