Chemical products exports down 27% to SAR 7.18 bln in May

Saudi Arabia's exports of chemical industry products and related products reached nearly SAR 7.18 billion in May, marking a year-on-year (YoY) decrease of 27%.

Compared to the previous month, exports of chemical products rose 8% to SAR 505.4 million.

Exports of chemical products represented 29% of total non-oil exports in May, amounting to SAR 25.14 billion, as shown in the following table:

Kingdom's Exports of Chemical Products & Related Products (SAR mln)
Month	Exports 2022	Exports 2023	Change (%)	Chemical products exports 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	6673.4	(34%)	35%
May	9860.4	7178.8	(27%)	29%
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 by nearly SAR 1.17 billion and 16.4% of the total value of exports of chemical products in May 2023. China and US followed at 15.4% and 7.6%, respectively, as indicated in the table below:

Major Importers from Saudi Arabia in May 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports (%)
India	1177.6	16.4%
China	1106.8	15.4%
UAE	545.6	7.6%
Turkey	451.9	6.3%
Belgium	393.2	5.5%
US	328.3	4.6%
Brazil	309.2	4.3%
Thailand	283.9	4.0%
South Korea	281.3	3.9%
Bangladesh	265.3	3.7%
Taiwan	232.1	3.2%
Australia	227.4	3.2%
Spain	220.7	3.1%
Other Countries	1355.5	18.9%
Total	7178.8	100 %

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 7.3 billion during May, up by 32% YoY.

Compared to April, the Kingdom's imports of chemical and industry-related products increased by 24%, or SAR 1.41 billion.

Last May, the Kingdom's imports of chemical and industry-related products represented 11% of the total imports amounting to SAR 67.67 billion.

Kingdom Imports Of Chemical and Industry-Related Products
Month	Imports 2022	Imports 2023	Change	Percentage of total
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*	5524.2	7303.0	32 %	11%
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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