Saudi Arabia’s trade balance recorded a surplus of SA 98.36 bn ($26.13 bn) in the second quarter of 2024, marking its highest level this year, the General Authority for Statistics (GASTAT) reported on August 27. The surplus grew 13.2% quarter-on-quarter, increasing by SA 11.495 bn from SA 86.873 bn in Q1 2024. Total international trade exceeded SA 490.657 bn ($130.84 bn), with merchandise exports totaling SA 294.51 bn ($78.53 bn), accounting for 60% of overall trade. Merchandise imports amounted to SA 196.144 bn ($52.31 bn). Non-oil domestic exports reached SA 51.400 bn ($13.71 bn), representi…