The General Authority for Statistics (GASTAT) announced today, Monday, June 24, 2024, the results of international trade for April 2024, and published them on its official website at www.stats.gov.sa.

The publication results indicated an increase of 12.4% in non-oil exports in April 2024 compared to April 2023. The results also reported a 1.6% increase in the value of national non-oil exports (excluding re-exports), while the value of re-exported goods saw a 56.4% increase in April 2024 compared to April 2023, reaffirming the Kingdom's pivotal role in international trade as a global gateway for international goods.

The publication highlighted that "Plastics, rubber, and their products" rank among the most important non-oil export goods, accounting for 26.2% of total non-oil exports, showing a 20.5% annual increase compared to April 2023, reflecting the care for the promising Saudi economy and its diverse sectors.

Moreover, the results of the publication showed an increase in the ratio of non-oil exports (including re-exports) to imports in April 2024, reaching 37.1% compared to 32.6% in April 2023; this was a result of the increase in non-oil exports by 12.4% and the decrease in imports by 1.3% during this period. Meanwhile, the value of merchandise imports decreased by 17.4%, and the trade balance recorded a 36.0% increase compared to March 2024.