The value of Saudi Arabia’s oil exports in June landed at 66.3 billion riyals, or approximately $17.7 billion, declining by 9.3% compared to the same month in 2024 to the lowest level in three years, the country’s General Authority for Statistics (GASTAT) revealed in its report published on Thursday. Year-on-year, the figure stood at 73.2 billion riyals, or about $19.5 billion. The document noted that a decrease in oil exports was the main contributor to the overall drop in the country’s merchandise exports in the sixth month of this year. In the second quarter of 2024, the share of oil exports in the total figure went down from 77.4% registered in the same trimester in 2023 to 75%.