Non-oil exports up 4% in 2024
Oil exports declined to stand at 73.1% of total exports
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Oil exports declined to stand at 73.1% of total exports
Businesses face tough choices as tariff effects squeeze both supply and demand
Oil’s share of total exports dropped to 72.1%
Exports reached USD 305 bn, exceeding imports valued at USD 232 bn.
The bulk of registrations were concentrated mostly in Riyadh, Makkah, and the Eastern Province.
Economists expect tariffs to hike US inflation to 4% by year-end
Strong bilateral relations could help mitigate the economic impact
US stocks suffered the worst decline since the pandemic since March 2020
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