Financial and Banking News
BUDGETS AND REVENUES
Saudi Trade Surplus Falls 21% in 1988
According to foreign trade statistics published by the Saudi Ministry ofFinance and National Economy, Saudi Arabia's trade surplus fell by 21.3% toSR7.31bn ($1.95bn)in 1988 from SR9.29bn in 1987. The surplus was a mere SR1.36bnin 1986, when oil prices dropped below $10/B. The value of total exports in 1988rose 5.1% to SR88.89bn ($23.7bn), while total imports were up 8.3% to...