Saudi Arabia’s trade surplus reaches $3.8bn despite export decline

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RIYADH: Saudi Arabia’s merchandise trade surplus stood at SR14.36 billion ($3.83 billion) in July, as falling imports partly cushioned a decline in exports, official data showed. According to preliminary data released by the General Authority for Statistics, merchandise exports fell 17.2 percent year on year to SR84.38 billion, primarily reflecting declines in oil and non-oil exports. Imports decreased 15.4…