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Saudi Arabia’s top non-oil export? PlasticsSaudi Arabia’s top non-oil export? Plastics

Plastics have overtaken petrochemicals as the top non-oil export from Saudi Arabia, according o a new report released by Riyadh-based Jadwa Investment, a boutique merchant bank. The report is not yet available at the company's website and was first reported on at ArabNews.com.

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Saudi Arabia’s top non-oil export? Plastics

According to the report, higher prices being paid for plastics plus a 42% increase in the volume exported combined to propel plastics to the top position in the country's export statistics for 2010, with plastics exports for the year totaling $11.2 billion.

Petrochemicals' prices climbed in 2010 too, but the volume exported was up "only" 9%.

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