Saudi Arabia’s trade surplus narrowed sharply to SAR 9.5 billion in May 2025, down from SAR 30.1 billion in the same month last year. Exports declined 14.0% year-on-year to an eight-month low of SAR 90.4 billion, driven by a 21.8% drop in oil exports, which accounted for 65.6% of total exports. In contrast, non-oil exports rose by 6.0%. China remained the top destination for Saudi exports, representing 14.0% of the total, followed by the EU (11.2%) and India (8.9%). Meanwhile, imports increased by 7.8% to SAR 80.9 billion, boosted by a 23.0% surge in purchases of machinery, electrical equipment, and parts—comprising 29.7% of total imports. In contrast, imports of transportation equipment and parts fell by 9.2%, accounting for 11.4% of the total. Among major suppliers, China held the largest share of imports at 28.9%, followed by the United States (7.5%) and the UAE (6.3%).