World

Saudi Arabia’s trade surplus widens 17.8% to $4.16bn in August: GASTAT

RIYADH: Saudi Arabia’s merchandise trade surplus widened to SR15.59 billion ($4.16 billion) in August, up from SR13.24 billion in July, as exports outpaced imports despite ongoing regional conflict, official data showed. According to preliminary data from the General Authority for Statistics, merchandise exports rose 3.3 percent month on month to SR87.24 billion, while imports increased 0.6 percent to SR71.64 billion. The figures come as the US-Israeli war with Iran disrupted shipping through