The value of Saudi Arabia’s oil exports plunged by 54.8 percent year over year in June, or by US$8.7 billion (32.6 billion Saudi riyals), data from Saudi Arabia’s General Authority for Statistics showed on Wednesday.
The Kingdom’s oil exports as a share of its total exports declined from 77.1 percent in June 2019 to 61.9 percent in June this year, according to the General Authority for Statistics.
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