FX.co ★ Saudi Arabia Trade Surplus Narrows Slightly in February

Saudi Arabia posted a trade surplus of SAR 23.0 billion in February 2026, slightly down from SAR 23.2 billion a year earlier, as import growth outpaced that of exports. Imports rose 6.6% year-on-year to SAR 76.1 billion, driven primarily by a 27.8% jump in purchases of machinery, electrical equipment, and parts, which made up 30.5% of total imports. This increase more than offset a 10.5% decline in imports of transportation equipment and parts. China remained Saudi Arabia’s largest supplier, accounting for 29.8% of total imports, followed by the UAE (8.0%) and the US (7.4%).

Exports increased 4.7% to SAR 99.1 billion, supported by a 0.6% rise in oil exports, which represented 68.7% of total exports. Non-oil exports also grew, rising 6.3%, led by machinery, electrical equipment, and parts, whose exports surged 56.1% and constituted 25.5% of total non-oil shipments. China remained the leading destination for Saudi exports, taking 13.7% of the total, followed by the UAE (12.1%) and Japan (9.3%).