FX.co ★ Saudi Arabia Posts Largest Trade Surplus in 14 Months

In July 2025, Saudi Arabia's trade surplus expanded to SAR 26.9 billion, up from SAR 17.5 billion in July of the previous year. This represents the most significant surplus since May 2024, driven by an increase in exports coupled with a decline in imports. Exports experienced a 7.8% year-on-year boost, reaching SAR 102.4 billion. This growth was supported by a marginal decrease in oil exports, which fell by 0.7% but still made up 67.1% of the total export volume. On the other hand, non-oil exports surged by 30.4%. China was the foremost export destination, receiving 14% of total exports, followed by the UAE with 10.6% and India at 9.4%. In contrast, imports decreased by 2.5%, amounting to SAR 75.5 billion, largely due to a significant 9.6% drop in the importation of transportation equipment and parts, which constituted 13.2% of total imports. China emerged as the primary source of imports, accounting for 25.8%, followed by the US at 8.0% and the UAE at 6.4%.