Regional shipping disruptions cut trade surplus 25% in July
Regional shipping disruptions contributed to a 25% y-o-y narrowing the trade flow
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Regional shipping disruptions contributed to a 25% y-o-y narrowing the trade flow
Saudi trade surplus contracted as Red Sea rerouting added to export costs
Saudi Arabia imposed final anti-dumping duties on imports of ductile cast iron pipes from India
For now it’s constraint management, not crisis, but the longer the Houthis stay active, the more Saudi trade turns inward…
A headline surplus driven by oil prices and constrained imports rather than broad-based trade growth
The two sides inked USD 1 bn worth of agreements
Total merchandise exports climbed 9.3% y-o-y, while imports slid 5.2%
Some manufacturers rerouted their businesses to neighboring countries, where they could regain access to the Saudi market
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