Terms of trade change with OECD countries in 1979

Issue 22 - 22 Apr 1980
Final 1979 trade statistics for most of the major OECD countries provide a preliminary idea of how trade with Saudi Arabia developed during a year in which the kingdom's oil revenue jumped with successive price rises. Imports appear to have fallen off once again by as much as half, while Saudi Arabia's trade surplus as a percentage of tot a! trade turnover is now hovering around 30%.

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