{"id":905962,"date":"2026-09-26T08:06:24","date_gmt":"2026-09-26T08:06:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/905962\/"},"modified":"2026-09-26T08:06:24","modified_gmt":"2026-09-26T08:06:24","slug":"middle-easts-2nd-largest-economy-records-3-8-billion-trade-surplus-as-egypt-stands-out-in-african-trade-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/905962\/","title":{"rendered":"Middle East\u2019s 2nd-largest economy records $3.8 billion trade surplus as Egypt stands out in African trade"},"content":{"rendered":"<p>&#13;<br \/>\n        Figures from Saudi Arabia\u2019s General Authority for Statistics (GASTAT) showed that merchandise exports fell 17.2% year-on-year to SR84.38 billion ($22.5 billion).&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Imports also declined, falling 15.4% to SR70.02 billion ($18.7 billion). As a result, the kingdom maintained a trade surplus, although it was 25% lower than in July 2025.&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        Egypt stands out in Saudi Arabia\u2019s African trade&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        The North African market was the only one from the continent to feature among Saudi Arabia\u2019s top 10 destinations for exports and sources of imports in July.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        On the export side, Egypt joined China, the United Arab Emirates, Japan, South Korea, India, the United States, Poland, Malta and Taiwan. Together, the 10 markets accounted for 67.2% of Saudi merchandise exports.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        For imports, it appeared alongside China, the US, Switzerland, Germany, the UAE, India, Italy, France and Japan. Collectively, these markets supplied 64.7% of the kingdom\u2019s imports.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The figures point to relatively concentrated trade between Saudi Arabia and Africa, with no other African market appearing in either top-10 list during the month.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Saudi Arabia is the largest economy in the Arabian Peninsula and the Gulf Cooperation Council (GCC), and the Middle East\u2019s second-largest by nominal GDP after T\u00fcrkiye, according to IMF projections, while Egypt ranks among Africa\u2019s largest economies.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Their locations on opposite sides of the Red Sea also place the two countries along an important commercial corridor linking North Africa and the Gulf.&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        China and UAE dominate trade flows&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        Despite Egypt\u2019s position, Saudi Arabia\u2019s overall trade remained heavily concentrated in Asia and the Gulf.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        China was the kingdom\u2019s largest export market, receiving 13.4% of total shipments. The UAE followed with 10%, while Japan accounted for 8.7%.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        China also led on imports, supplying 22.7% of goods entering Saudi Arabia. The US accounted for 8.4%, followed by Switzerland at 6.9%.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Meanwhile, the UAE remained Saudi Arabia\u2019s biggest market for non-oil exports, receiving goods worth SR6.61 billion ($1.76 billion). India followed with SR3.20 billion ($853 million), while China received SR1.55 billion ($413 million).&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        Oil remains central to Saudi exports&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        Oil continued to dominate Saudi Arabia\u2019s export earnings despite the kingdom\u2019s economic diversification drive under Vision 2030.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Oil\u2019s share of total exports rose to 71% from 67.4% in July 2025.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        At the same time, non-oil exports, including re-exports, declined 26.2%. National non-oil exports fell 14.8%, while re-exported goods dropped 40%.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Plastics and rubber accounted for 19.8% of non-oil exports, while chemical products represented 18.6%.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        On the import side, machinery and electrical equipment accounted for 25.7% of total purchases, while transport equipment represented 10.2%.&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        Red Sea routes gain importance&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        The weaker trade figures came as Saudi Arabia adjusted its logistics and energy routes following disruptions to shipping through the Strait of Hormuz.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The kingdom has increasingly relied on its East-West pipeline and Red Sea ports to maintain trade flows and reduce its exposure to disruptions in Gulf shipping routes.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The July figures underline Saudi Arabia\u2019s continued reliance on oil while also showing the importance of major trading partners across Africa, Asia, Europe and the Gulf.&#13;\n    <\/p>\n","protected":false},"excerpt":{"rendered":"&#13; Figures from Saudi Arabia\u2019s General Authority for Statistics (GASTAT) showed that merchandise exports fell 17.2% year-on-year to&hellip;\n","protected":false},"author":2,"featured_media":905963,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-905962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/905962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=905962"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/905962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/905963"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=905962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=905962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=905962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}