Saudi Arabia’s trade surplus jumps to $6.9bn in May as oil exports rebound

RIYADH: Saudi Arabia’s merchandise trade surplus surged to SR26.03 billion ($6.91 billion) in May, driven by higher oil exports and a sharp decline in imports, preliminary government data showed. The surplus widened 328.8 percent from a year earlier as merchandise exports rose 3.9 percent year on year to SR93.78 billion, while imports fell 19.5 percent to SR67.75 billion, according to the General Authority for Statistics.

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