Chemical products exports down 34% to SAR 7 bln in April; imports up 7%

A commercial carrier

Saudi Arabia's exports of chemical industry and related products reached nearly SAR 6.65 billion in April 2023, marking a year-on-year (YoY) decrease of 34%.

Compared to March, exports of chemical products fell by SAR 872 million, or 12%.

Exports of chemicals represented 35% of total non-oil exports in April, amounting to SAR 19.22 billion, as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	2022	2023	Change (%)	Chemical products to total non-oil exports (%)
January	7519.0	7035.2	(6%)	31%
February	8734.6	6933.6	(20%)	33%
March	10339.4	7519.9	(28%)	31%
April	10028.1	6647.9	(34%)	35%
May	9859.4	--	--	--
June	10519.5	--	--	--
July	9579.3	--	--	--
August	9518.3	--	--	--
September	9702.2	--	--	--
October	10196.8	--	--	--
November	8833.9	--	--	--
December	8122.0	--	--	--

India topped the list of countries importing chemical products from Saudi Arabia with nearly SAR 1.09 billion, accounting for 17% of the total exports of chemical products in April. China and the United States followed at 16.5% and 11%, respectively, as shown in the table below:

Major Importers from Saudi Arabia in April 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports
India	1099.9	16.5%
China	1099.0	16.5%
US	711.8	10.7%
UAE	361.3	5.4%
Belgium	338.5	5.1%
Brazil	312.5	4.7%
Singapore	272.7	4.1%
Thailand	236.7	3.6%
Australia	232.6	3.5%
South Korea	146.7	2.2%
Bangladesh	139.8	2.1%
Pakistan	135.9	2.0%
Egypt	129.2	1.9%
Other countries	1431.2	21.5%
Total	6647.9	100 %

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.89 billion during the month, up by 7% YoY.

Compared to March, imports of chemical and industry-related products in April 2023 edged down by SAR 735.3 million, or 11%.

Imports of chemical and industry-related products during April accounted for 10% of the total imports amounting to SAR 57.9 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	5538.9	6039.8	+9%	9%
February	6048.7	5706.2	(5%)	10%
March	6843.4	6620.5	(3%)	10%
April*	5479.1	5885.2	+7%	10%
May	5420.3	--	--	--
June	6278.4	--	--	--
July	5488.9	--	--	--
August	6621.9	--	--	--
September	5552.5	--	--	--
October	6044.1	--	--	--
November	5660.1	--	--	--
December	5641.5	--	--	--

*Updated.

Details and Historical Data of Imports and Exports

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