emirates7 - Saudi Arabia’s non-oil exports rose 17.8% in the second quarter of 2025, according to official statistics. This increase was driven by a 46.2% jump in re-exports, while domestic non-oil exports (excluding re-exports) grew by 5.6%, the General Authority for Statistics reported.

The Saudi Press Agency noted that the ratio of non-oil exports—including re-exports—to imports rose to 37.3% in Q2 2025, up from 35.8% in the same period of 2024. This improvement came as non-oil exports grew 17.8%, outpacing a 13.1% rise in imports.

However, a 15.8% in oil exports led total merchandise exports to fall 7.3% year-on-year. Combined with a 13.1% increase in imports, this caused the merchandise trade surplus to shrink by 56.2% compared to Q2 2024. Oil’s contribution to total exports also fell from 74.7% to 67.9%, signaling a gradual shift toward a more diversified export mix.

Monthly figures for June painted a more positive picture. Non-oil exports jumped 22.1%, surpassing a modest 1.7% increase in imports, which boosted the trade balance surplus by 10.6% year-on-year. Despite a 2.5% decline in oil exports, strong non-oil growth helped overall merchandise exports rise 3.7%. Oil’s share of exports continued to narrow, falling from 74.7% in June 2024 to 70.2% in June 2025.