FX.co ★ Saudi Arabia Trade Surplus Largest in 10 Months

In February 2025, Saudi Arabia's trade surplus expanded to SAR 30.6 billion, up from SAR 29.4 billion in the corresponding month of the previous year. This represents the highest trade surplus since April 2024, with exports decreasing at a slower pace than imports. Export figures fell by 2.6% year-on-year, reaching a three-month low of SAR 93.7 billion, primarily due to a 7.9% reduction in oil exports, which constituted 72.1% of the total export value. In contrast, non-oil exports increased by 14.3%. China continued to be the leading recipient of Saudi exports, accounting for 16.2% of the total, trailed by South Korea at 10.1% and the UAE at 9.8%. On the import side, there was a 5.6% decrease, reaching a 14-month low of SAR 63.2 billion, primarily driven by a reduction in the procurement of machinery, electrical equipment, and parts, which declined by 0.7% and made up 23.5% of total imports. Conversely, imports of transportation equipment and parts rose sharply by 24.3%, making up 15.4% of the total. Among the chief import sources, China maintained the largest share at 24.1%, followed by the United States at 7.3% and India at 6.7%.