Saudi trade surplus soars 62% to SR61.5 billion in Q2 2026

Saudi Arabia's trade surplus expanded by 62% to SR61.5 billion in the second quarter of 2026, according to data from the General Authority for Statistics (GASTAT). This represents a significant increase compared to the same period in the previous year, which saw a surplus of SR90.5 billion in Q2 2026, up by 43.7% from the same quarter in 2025.

The country's total merchandise exports grew by 4% to approximately SR285.98 billion, while imports declined by 5% to SR224.46 billion. The trade surplus surged by 60% quarter-on-quarter, reaching over SR33.9 billion, up more than SR33.9 billion compared to Q4 2025's surplus of around SR56.5 billion. In March 2026, the trade surplus continued its upward trend, increasing by 200.9% and surpassing SR38 billion compared to February's surplus of around SR19.1 billion.

The Kingdom's international trade volume exceeded SR535 billion in the first quarter of 2026, growing by 4.5% year-on-year and increasing by approximately SR22.9 billion compared to the same period in 2025. National exports, including petroleum and non-petroleum goods, reached around SR274.5 billion, while imports were at approximately SR222.3 billion.

Re-exports, valued at over SR38 billion, grew by 32.9% year-on-year, marking a significant increase of more than SR9 billion compared to the same period in 2025. China remained the top importer of Saudi goods, with imports valued at SR44.8 billion, followed by European countries, African nations, and the Americas.