Saudi Arabia Posts Largest Trade Surplus in 14 Months

Saudi Arabia’s trade surplus widened to SAR 26.9 billion in July 2025 from SAR 17.5 billion in the same month a year ago. This marked the largest surplus since May 2024, as exports rose while imports dropped. Exports grew by 7.8% year-on-year to SAR 102.4 billion, amid a smaller decline in oil exports (-0.7%), which still accounted for 67.1% of total exports. Non-oil exports, on the other hand, recorded an increase of 30.4%. China remained the leading export destination, taking 14% of the total, followed by the UAE (10.6%) and India (9.4%). Meanwhile, imports fell by 2.5% to SAR 75.5 billion, mainly due to a 9.6% drop in transportation equipment and parts, which made up 13.2% of total imports. Among major import sources, China held the largest share at 25.8%, followed by the US (8.0%) and the UAE (6.4%).