Prime Highlights:
- Saudi Arabia’s non-oil exports surged 32.3% in October, underlining progress in economic diversification under Vision 2030.
- Re-exports jumped 130.7%, led by transportation equipment and parts, showing strong growth in international trade.
Key Facts:
- Total merchandise exports reached SR103.98 billion in October, with the share of oil exports falling to 67.4%, highlighting the growing role of non-oil sectors.
- China remained the top export destination at SR14.68 billion, followed by the UAE and India, while imports rose to SR80.07 billion, boosting the trade surplus by 47.4%.
Background:
Saudi Arabia’s non-oil exports recorded a strong increase in October, reflecting steady progress in the Kingdom’s economic diversification drive under Vision 2030.
According to preliminary data released by the General Authority for Statistics (GASTAT), non-oil exports, including re-exports, rose by 32.3 percent year on year to reach SR33.88 billion ($9.03 billion). National non-oil exports, excluding re-exports, grew by 2.4 percent in October compared to the same month last year.
GASTAT said the share of non-oil exports relative to imports rose to 42.3 percent in October 2025, up from 33.4 percent a year earlier. This increase was driven by higher export activity and a modest 4.3 percent rise in imports.
Re-exports rose 130.7% year on year, led by transportation equipment and parts, which jumped 387.5% and made up over a third of total re-exports.
Machinery, electrical equipment, and related parts were the largest contributors to non-oil exports, representing 23.6 percent of total shipments and posting an 82.5 percent annual increase. Chemical products followed, with a 19.4 percent share.
The strong trade results come alongside broader economic growth. Earlier this month, GASTAT reported that Saudi Arabia’s gross domestic product grew by 4.8 percent in the third quarter of 2025 compared to the same period last year. Oil activities grew by 8.3 percent, while the non-oil sector posted a 4.3 percent increase. Moody’s has also projected sustained non-oil sector growth of between 4.5 percent and 5.5 percent annually over the next five to 10 years.
Total exports in October reached SR103.98 billion, up 11.8 percent from last year. Oil’s share of exports fell to 67.4 percent from 72.5 percent, showing that non-oil sectors are growing.
Imports rose to SR80.07 billion, and the trade surplus grew 47.4 percent compared to last year. China remained the largest source of imports, followed by the US and the UAE.
The latest figures highlight Saudi Arabia’s strengthening trade position and underline continued progress toward a more diversified and resilient economy.
