RIYADH: According to official data, Saudi Arabia exported non-oil goods worth SR2.23 billion ($594 million) in May, a 19.25 percent increase from the previous month.
China ranked third among countries to receive Saudi Arabia’s non-oil exports in May, after the United Arab Emirates and China, with shipments totalling SR6.06 billion and SR3.62 billion, respectively, according to the General Authority for Statistics.
Saudi Arabia is steadily pursuing its economic diversification journey by reducing its dependence on oil, so strengthening the non-oil private sector and exporting those goods to countries like China is crucial.
According to the report, China ranked as Saudi Arabia’s top export destination overall, with the Kingdom sending SR15.91 billion worth of goods abroad.
Saudi Arabia’s principal export to South Korea in May was oil, worth SR13.68 billion.
The most recent data shows that Saudi Arabia exported chemical products to China for SR851.8 million, followed by plastics and rubber products worth SR876.9 million. In May, the Kingdom shipped SR103.7 million worth of base minerals out of the country, while it also exported mineral products worth SR313.4 million to China.
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