Saudi Arabia Oil Exports Rise 32% in 2010


Dubai, May 31 (PTI) Saudi Arabia's oil exports went up nearly 32 per cent in 2010, with earnings rising to nearly USD 214.9 billion in 2010 as against USD 163.1 billion in 2009, a new report has revealed.

The government report, cited by Jadwa Investments, said this was the second highest level in current prices since the 2008 peak income of USD 281 billion, it added.

Moreover, the country's non-oil exports also jumped to USD 36.1 billion from USD 29.1 billion, while imports grew to USD 96.7 billion from USD 86.4 billion in the same period a year ago, the date showed.

Despite higher imports though, Saudi Arabia's current account surplus more than tripled to almost USD 66.8 billion in 2010 from USD 21 billion in 2009. The 2010 surplus was the second largest after the 2008 record balance of USD 132.3 billion.

  

Top Stories


Leave a Comment

Title: Saudi Arabia Oil Exports Rise 32% in 2010



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.