00:00Saudi Arabia's trade balance recorded a record surplus of some 22 billion Saudi rials during the month of November.
00:08That's annual growth of more than 70 percent. Just talk us through that.
00:12Yes, so the annual growth was at more than 70 percent.
00:15And actually, that goes in line with so many of the updated economic projections we saw for 2025, because clearly
00:21that's huge activity.
00:23But what I really want to highlight on here is that you're seeing the imports are quite high,
00:27showing that the Saudi Arabia economy is getting the materials and the goods that it needs as it builds up
00:32towards the 2030 vision.
00:34But it's actually the export numbers that are particularly more impressive, because we are still seeing a lot of non
00:39-oil activity.
00:40But we're also seeing the percentage of how much oil exports means to the economy in the greater scheme of
00:46things is still starting to get lower.
00:48So that shows the strategic outline and the evolution of the economy.
00:52It's working. And at the same time, it does appear that the Saudi economy is going to be one of
00:57the larger economies to grow in 2026.
01:00So we are expecting to see more export numbers such as this over the upcoming months.
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