Saudi Petrochemicals Exports Jump 20% in April on Asia Demand

Saudi Arabia, the world’s largest oil exporter, reported a 20 percent growth in petrochemicals shipments in April on higher demand from Asia.

Companies including Saudi Basic Industries Corp. (SABIC) exported 2.66 million tons of petrochemicals in April compared with 2.21 million tons in the year-ago period, the Saudi Ports Authority said on its website today. That is similar to the shipments in March and 6.4 percent higher than in February.

Saudi Arabia shipped 9.97 million metric tons of petrochemicals from its ports from January through April compared with 9.07 million tons in the year-earlier period, according to the port authority.

To contact the reporter on this story: Wael Mahdi in Dubai at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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