Saudi Arabia's oil exports fell by 4.2% in April 2024, while non-oil exports increased by 12.4%, according to government data. Imports also saw a decline of 1.3% during the same period. The country reported a $10.9 billion trade surplus in April.
JUST IN: Saudi Arabia reported a $10.9B trade surplus in April. Now that the Petrodollar Agreement has ended, will they start buying #Bitcoin? 👀 https://t.co/xdKKCLxsT4
NEW: Saudi Arabia is moving away from the US dollar in the oil trade as it looks at alternative markets - Markets Insider
On the future of the petro-dollar #OOTT #petrodollar #SaudiArabia @jimkrane https://t.co/Px8NyFexdg
Oil’s de-dollarization has already started with Russia & Iran switching from #dollar to yuan due to US sanctions, says @jimkrane. But strong reasons remain for Saudi & other US-aligned oil exporters to avoid accepting #yuan for oil. https://t.co/kCcsSqJjHh @ArabCenterWDC
⚠️ SAUDI APRIL OIL EXPORTS FELL BY 4.2% - GOVT DATA **SAUDI NON-OIL EXPORTS INCREASE BY 12.4% IN APRIL 2024 - GOVT DATA **SAUDI IMPORTS FELL BY 1.3% IN APRIL 2024 - GOVT DATA