Saudi merchandise imports rise to SAR 186.4 bln in Q1 2023

A Saudi Port

Saudi Arabia’s merchandise imports grew by 18% year-on-year (YoY) to almost SAR 186.4 billion in Q1 2023, according to data issued by the General Authority for Statistics (GASTAT).

On a quarterly basis, merchandise imports fell by 5%, or nearly SAR 9.56 billion, as follows:

Saudi Merchandise Imports
Period	Value (SAR bln)	YoY Change
Q1 2017	125.72	--
Q2	126.71	--
Q3	123.85	--
Q4	128.16	--
Q1 2018	126.06	+0.3%
Q2	133.02	+5%
Q3	128.02	+3%
Q4	126.90	(1%)
Q1 2019	132.19	+5%
Q2	151.82	+14%
Q3	145.45	+14%
Q4	144.90	+14%
Q1 2020	132.38	+0.1%
Q2	124.85	(18%)
Q3	123.03	(15%)
Q4	137.23	(5%)
Q1 2021	139.39	+5%
Q2	140.42	+12%
Q3	144.76	+18%
Q4	148.61	+8%
Q1 2022	157.90	+13%
Q2	175.35	+25%
Q3	182.81	+26%
Q4	195.97	+32%
Q1 2023	186.41	+18%

*Data is periodically updated.

The YoY increase in the Kingdom’s Q1 2023 imports was driven by machinery and mechanical appliances; electrical equipment and parts thereof, as well as vehicles, aircraft, vessels and associated transport equipment, which dominate 21% and 16%, respectively, of the total.

Saudi Imports Value in Q1 2023 (SAR mln)
Segment	Q1 2022	Q1 2023	Change Value	Percentage Change
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof	31.79	38.95	+7.16	+23%
Vehicles, Aircraft, Vessels and Associated Transport Equipment	22.86	29.94	+7.09	+31%
Products of the Chemical or Allied Industries	18.57	18.05	(0.52)	(3%)
Base Metals and Articles of Base Metals	14.74	15.66	+0.92	+6%
Metal Products	7.84	13.00	+5.16	+66%
Vegetable Products	10.09	10.11	+0.02	+0.2%
Food Products Beverages and Tobacco and Textiles	7.87	9.14	+1.27	+16%
Textiles and Textile Articles	6.11	6.79	+0.68	+11%
Plastics and Articles Thereof; Rubber and Articles Thereof	5.96	6.30	+0.34	+6%
Live Animals and Animal Products	5.10	6.26	+1.16+	+23%
Other	26.99	32.21	+5.22	+19%
Total	157.90	186.41	+28.50	+18%

China topped the Kingdom's list of exporting countries with SAR 40 billion, accounting for 21% of the total value of imports in Q1 2023.

The US and UAE followed, at 9% and 7%, respectively.

Top 10 Exporters to Saudi Arabia in Q1 2023 (SAR mln)
Country	Q1 2022	Q1 2023	Change
China	34.91	40.00	+15%
US	14.29	17.10	+20%
UAE	9.79	12.16	+24%
India	8.25	11.41	+38%
Germany	6.40	8.39	+31%
Japan	5.49	7.52	+37%
South Korea	4.72	5.48	+16%
Italy	4.84	5.24	+8%
Egypt	5.11	4.45	(13%)
France	4.46	4.30	(3%)
Other Countries	59.65	70.35	+18%
Total	157.90	186.41	+18%

Details and Historical Data of Imports

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