Saudi Arabia’s non-oil exports rose by 17.8% in the second quarter of 2025, reported Saudi Press Agency citing official data.

 

The increase included a 46.2% rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6%, stated the General Authority for Statistics of Saudi Arabia.

 

As per GASTAT data, the ratio of non-oil exports, including re-exports, to imports increased to 37.3% in Q2 2025 from 35.8% in Q2 2024. This was attributed to the 17.8% growth in non-oil exports compared to a 13.1% increase in imports during the same period.

 

In Q2 2025, a 15.8% decline in oil exports dragged total merchandise exports down by 7.3% year-on-year. Combined with a 13.1% increase in imports, this pushed the merchandise trade balance surplus down by 56.2% compared to the same quarter of 2024.

 

Oil’s share of the Kingdom’s total exports slipped from 74.7% to 67.9% in the quarter, reflecting a gradual rebalancing of the export basket.

 

By contrast, monthly data for June showed a more positive trend. Non-oil exports surged by 22.1%, outpacing a modest 1.7% increase in imports. This lifted the trade balance surplus by 10.6% year-on-year.

 

Even with oil exports falling by 2.5%, the non-oil momentum was sufficient to keep overall merchandise exports in positive territory, rising 3.7%, said the GASTAT data.

 

Oil’s share of exports narrowed further, dropping from 74.7% in June 2024 to 70.2% in June 2025, it added.