Riyadh: Saudi Arabia's non-oil exports, including re-exports, reached SR31.11 billion ($8.29 billion) in May, marking a 6 percent increase compared to the same month in 2024, official data showed.

Preliminary figures released by the General Authority for Statistics (GASTAT) showed that the United Arab Emirates (UAE) remained the top destination for Saudi Arabia's non-oil products, with exports to the Emirates amounting to SR9.54 billion in May.

India was the second-largest non-oil trade partner, importing goods worth SR2.78 billion, followed by China at SR2.03 billion, Bahrain at SR989.1 million, and Turkey at SR924.7 million.

The rise in non-oil exports supports the goals of Vision 2030, which aims to diversify Saudi Arabia's economy and reduce its reliance on oil revenues.

GASTAT stated that 'non-oil exports in May, including re-exports, recorded an increase of 6 percent compared to May 2024, while national non-oil exports, excluding re-exports, decreased by 1.8 percent'.

It added that the value of re-exported goods increased by 20.5 percent during the same period.

In a separate release in May, GASTAT noted that Saudi Arabia's gross domestic product (GDP) grew by 2.7 percent year on year in the first quarter, driven by robust non-oil activity.

The country's economic outlook remains strong, buoyed by structural reforms and high-quality, state-led projects across various sectors.

Among seaports, King Fahad Industrial Port in Jubail handled the highest volume of outbound non-oil goods, valued at SR3.52 billion, followed closely by Jeddah Islamic Sea Port at SR3.35 billion.

King Abdulaziz International Airport led all air terminals, handling SR4.22 billion in non-oil exports in May -- a 258 percent increase compared to the same month last year.

Among the most important non-oil exports are machinery, electrical equipment and parts, which constituted 23.7 percent of total non-oil exports, recording a 99.8 percent increase compared to May 2024.

Chemical products came in second, accounting for 22.8 percent of total non-oil exports and growing 0.4 percent year on year.

Saudi Arabia's Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 57.2 in June, up from 55.8 in May. This reading indicates a strong improvement in business conditions, exceeding the long-run average of 56.9.

A PMI score above 50 signals expansion, while a figure below that mark indicates contraction.

Saudi Arabia's June PMI also outpaced that of its regional peers, with the UAE and Kuwait recording 53.5 and 53.1, respectively.

According to GASTAT, Saudi Arabia's total merchandise exports in May declined 14 percent year on year to SR90.44 billion due to a fall in oil exports.

China was the top destination for Saudi Arabia's overall merchandise exports, with shipments valued at SR12.66 billion.

The UAE followed at SR10.13 billion -- a 37.5 percent jump compared to the previous year -- while exports to India reached SR8.07 billion.

South Korea, Japan, and the US imported SR7.44 billion, SR5.99 billion, and SR3.68 billion worth of goods, respectively.

Saudi Arabia's imports in May reached SR80.93 billion, up 7.8 percent year on year, GASTAT reported.

Machinery, mechanical and electrical equipment topped the import list at SR24.03 billion, followed by transport equipment at SR9.20 billion and chemical products at SR7.64 billion.

China led all countries as the top source of imports with SR23.36 billion worth of shipments in May -- a 23.3 percent year-on-year increase.

The US followed with SR6.04 billion, ahead of the UAE at SR5.07 billion, India at SR3.69 billion, and Japan at SR3.61 billion.

Sea routes were the dominant entry channel for imports, accounting for SR47.39 billion -- a 7.1 percent increase year on year.

Air and land routes handled SR24.33 billion and SR9.20 billion worth of inbound goods, respectively.

King Abdulaziz Sea Port in Dammam led all seaports with SR21.37 billion in imports, followed by Jeddah Islamic Sea Port at SR17.49 billion and Ras Tanura Port at SR1.50 billion.