https://sputniknews.in/20260924/saudi-arabias-oil-export-revenues-hit-new-low-in-july-12391377.html
Saudi Arabia's Oil Export Revenues Hit New Low in July
Saudi Arabia's Oil Export Revenues Hit New Low in July
Sputnik India
Saudi Arabia's revenue from oil exports and total exports continued to decline in July, reaching their lowest levels since May 2025 and June 2021 respectively... 24.09.2026, Sputnik India
2026-09-24T14:04+0530
2026-09-24T14:04+0530
2026-09-24T14:04+0530
saudi arabia
oil and gas reserves
oil exporters
middle east crisis
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Oil revenue in July decreased by 5.2% from June and by 12.8% year-on-year to 59.888 billion riyals ($15.9 billion), the lowest level since May 2025. Oil's share in Saudi Arabia's total exports in July declined to 71% from 71.7% in June.In total, Saudi Arabia's goods exports in July decreased by 4.2% from June and by 17.2% year-on-year to 84.379 billion riyals ($22.4 billion), the lowest since June 2021. Analysts polled by Trading Economics had expected a figure of 101.8 billion riyals.Imports in July also showed a decline both month-on-month and year-on-year - by 2% and 15.4% respectively - to 70.015 billion riyals ($18.6 billion), against a forecast of 78 billion riyals.The trade surplus in the reporting month decreased by 13.6% from June and by 25% from July last year - to 14.363 billion riyals ($3.8 billion), against analysts' forecast of 23.8 billion riyals.
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saudi arabia, oil and gas reserves, oil exporters, middle east crisis
saudi arabia, oil and gas reserves, oil exporters, middle east crisis
Saudi Arabia's Oil Export Revenues Hit New Low in July
Saudi Arabia's revenue from oil exports and total exports continued to decline in July, reaching their lowest levels since May 2025 and June 2021 respectively, the General Authority for Statistics (GASTAT) said.
Oil revenue in July decreased by 5.2% from June and by 12.8% year-on-year to 59.888 billion riyals ($15.9 billion), the lowest level since May 2025. Oil's share in Saudi Arabia's total exports in July declined to 71% from 71.7% in June.
The share of non-oil goods exports in July rose to 18.4% from 17.6% in June. In absolute terms, the figure rose by 0.1% month-on-month and decreased by 14.8% year-on-year, to 15.488 billion riyals ($4.1 billion).
In total, Saudi Arabia's goods exports in July decreased by 4.2% from June and by 17.2% year-on-year to 84.379 billion riyals ($22.4 billion), the lowest since June 2021. Analysts polled by Trading Economics had expected a figure of 101.8 billion riyals.
Imports in July also showed a decline both month-on-month and year-on-year - by 2% and 15.4% respectively - to 70.015 billion riyals ($18.6 billion), against a forecast of 78 billion riyals.
The trade surplus in the reporting month decreased by 13.6% from June and by 25% from July last year - to 14.363 billion riyals ($3.8 billion), against analysts' forecast of 23.8 billion riyals.
