Chemical products exports down 6% to SAR 7 bln in January; imports up 9% to SAR 6 bln

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Saudi Arabia's exports of chemical industry and related products reached nearly SAR 7.04 billion in January 2023, marking a year-on-year (YoY) decrease of 6%.

Compared to December 2022, exports of chemical products fell by SAR 1.08 billion, or 13%.

Exports of chemicals represented 31% of total non-oil exports in January, amounting to SAR 22.98 billion, as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	Exports 2022	Exports 2023	Change (%)	Chemical products exports to total non-oil exports (%)
January*	7,519.0	7,035.2	(6%)	31 %
February	8,731.0	--	--	--
March	10,339.4	--	--	--
April	10,028.1	--	--	--
May	9,859.4	--	--	--
June	10,519.5	--	--	--
July	9,579.3	--	--	--
August	9,518.3	--	--	--
September	9,702.2	--	--	--
October	10,196.8	--	--	--
November	8,833.9	--	--	--
December*	8,122.0	--	--	--

*Updated.

India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 1.6 billion and 22% of the total value of exports of chemical products in January. China and the United States followed at 17% and 8%, respectively, as indicated in the table below:

Major Importers from Saudi Arabia in January 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports (%)
India	1,560.9	22.2%
China	1,167.2	16.6%
US	568.5	8.1%
UAE	447.8	6.4%
Belgium	354.9	5.0%
Singapore	347.7	4.9%
Turkey	294.9	4.2%
Australia	282.0	4.0%
Thailand	251.9	3.6%
Egypt	198.0	2.8%
Jordan	171.9	2.4%
South Korea	109.5	1.6%
South Africa	98.6	1.4%
Kuwait	98.2	1.4%
Indonesia	87.1	1.2%
Bangladesh	85.9	1.2%
Other countries	910.2	12.9%
Total	7,035.2	100 %

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 6.03 billion during the month, up by 9% YoY.

Compared to December 2022, imports of chemical and industry-related products in January 2023 edged up by SAR 387.9 million, or 7%.

Imports of chemical and industry-related products during January accounted for 9% of the total imports amounting to SAR 66.57 billion.

The following table Saudi Arabia’s imports of chemical products:

Saudi Arabia’s Imports of Chemical and Industry-Related Products (SAR mln)
Month	Imports 2022	Imports 2023	Change (%)	Percentage to total imports
January*	5,538.9	6029.4	+9%	9 %
February	6,026.0	--	--	--
March	6,843.4	--	--	--
April	5,456.7	--	--	--
May	5,420.3	--	--	--
June	6,278.4	--	--	--
July	5,488.9	--	--	--
August	6,621.9	--	--	--
September	5,552.5	--	--	--
October	6,044.1	--	--	--
November	5,660.1	--	--	--
December*	5,641.5	--	--	--

*Updated.

Details and Historical Data of Imports and Exports

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