Saudi oil exports increase in September 2018. How much?

The total value of total exports in September 2018 increased by 52.5% to reach 26 billion USD, compared to 17 billion USD in September 2017. The value of exports (6.1%) compared to the previous month (August).

According to the report released Monday by the Saudi General Organization of Statistics, petroleum products accounted for 81.4% of exports in September 2018 and about $ 21 billion, an increase of 55.5% over 13.6%. billion in September 2017.

The increase in oil exports was favored by high oil prices: a barrel of Brent crude averaged $ 79 per barrel in September 2018, compared with $ 55.5 per barrel the same month. last year.

Non-oil exports were valued at $ 4.8 billion, up 40% from September 2017 and 8.8% from August. The largest increase was recorded for chemicals, 137%, with $ 1.6 billion. Saudi Arabia's non-oil exports totaled $ 748 million, followed by the United Arab Emirates with $ 682 million.

Saudi Arabia's commodity imports rose 9.5% in September from September 2017, reaching $ 10.3 billion, and up 15.4% from August.

Weapons and ammunition accounted for the largest increase in imports, at 224 per cent or $ 416 million in September, compared to $ 128 million in September 2017. China ranks first in the list of countries contributing to the Kingdom 1, $ 9 billion, followed by America with $ 1.5 billion. The third of about 880 million dollars.