Reuters - US Market News

Saudi November imports shrink 22 pct y/y, non-oil exports drop

Jan 22 The value of Saudi Arabia's imports shrank by more than a fifth from a year earlier in November while non-oil exports also fell, data from the Central Department of Statistics and Information showed on Sunday.   SAUDI FOREIGN TRADE           11/16     10/16     11/15       (in bln riyals)   non-oil exports             14.397    14.989    15.842   imports                     39.757    39.498    51.139       DYNAMICS OF TRADE (pct y/y change in riyal terms)   nominal non-oil exports     -9.1      -2.8      -7.8    nominal imports            -22.3     -32.8      -7.2              NOTE: Previous figures for imports are revised.     Non-oil exports traditionally account for around 12 percent of the overall exports of Saudi Arabia. The world's largest oil exporter does not release complete trade data on a monthly basis.   (Reporting by Andrew Torchia; Editing by Simon Cameron-Moore)

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Reuters: Market News

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