Sunday 13 September 2009

Saudi's non-oil exports plunge 22 percent

Saudi Arabia's non-oil exports in June fell 22 percent to 8.14 billion Saudi riyals ($2.17 billion) from a year earlier amid weak demand for petrochemicals.

The kingdom's imports in June also fell, dropping 25 percent to 26.81 billion riyals, compared with 35.57 billion riyals from a year earlier, the country's national news agency, or SPA, reports Saturday, citing the Department of General Statistics & Information.

Saudi's main non-oil exports in June were petrochemical products, plastic and metals, with petrochemical products dominating 28 percent of the non-oil exports worth 2.31 billion riyals, SPA reports.

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