Saudi Arabia’s non-oil exports grew by 13.4% in the first quarter, but oil exports dropped by 8.4%
Saudi Arabia’s non-oil exports, including goods that were re-exported, went up by 13.4% in the first quarter of 2025 compared to the same time last year. However, oil exports went down by 8.4% during the same period, according to official data.
Non-oil exports
Non-oil exports (not including re-exports) went up by 9%. The value of re-exported goods increased by 23.7% in this quarter, said the General Authority for Statistics (GASTAT) in their latest report.
At the same time, total merchandise exports went down by 3.2% compared to last year in the first quarter of 2025. This happened because oil exports dropped by 8.4% compared to last year.
The share of oil exports in total exports fell to 71.8% in the first quarter, down from 75.9% in the same time last year.
However, imports grew by 7.3% compared to last year in the first three months of 2025. The trade surplus (the extra value of exports over imports) went down by 28%.
The Saudi government is spending a lot to grow other parts of the economy, not just oil, as part of its Vision 2030 plan.
Top partners
China was the biggest buyer of Saudi exports in the first quarter, getting 15.7% of all exports.
Next were India with 9.8% and Japan with 9.3%. Other important countries buying Saudi exports were South Korea, the UAE, Egypt, the US, Poland, Bahrain, and Taiwan.
Together, these ten countries received 67.6% of all Saudi exports.
Big numbers
Saudi Arabia’s money from oil sales dropped by 18% to $39.94 billion (SAR 149.81 billion) in the first quarter. But money from non-oil sources grew by 2% to $30.34 billion (SAR 113.81 billion) compared to last year.
Published: 27th May 2025
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