*Saudi Arabia’s total export revenues dropped by $2.5bn year-on-year in Q1, driven by a steeper drop in oil-revenues (MEES, 30 May). Oil’s share of total revenues fell four percentage points to 71.8% as a result.
*Despite this drop, combined exports to Saudi Arabia’s five largest markets increased to $39.8bn, their highest level since 4Q 2023. This included a record $6.63bn to its neighbor, the UAE. (CONTINUED - 118 WORDS)
