Chemicals exports dip 53% to SAR 4.92 bln in June

A cargo ship

Saudi Arabia's exports of chemical industry and related products fell by 53% year-on-year (YoY) to nearly SAR 4.92 billion in June.

Compared to May, the chemicals exports dropped by SAR 2.42 billion, or 32%.

The exports of chemical industry and related products represented 29% of June’s non-oil exports, 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	7338.9	(27%)	29%
June	10519.5	4917.1	(53%)	29%
July	9579.3	--	--	--
August	9518.3	--	--	--
September	9702.2	--	--	--
October	10196.8	--	--	--
November	8833.9	--	--	--
December	8122.0	--	--	--

India topped the list of chemical product importers from Saudi Arabia with nearly SAR 899.6 million, accounting for 18.3% of the total exports of chemical products in June. China and the United States followed with 13.9% and 7.4%, respectively, as shown in the table below:

Major Importers from Saudi Arabia in June 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports
India	899.6	18.3%
China	682.8	13.9%
US	362.9	7.4%
UAE	323.0	6.6%
Belgium	273.2	5.6%
Turkey	198.0	4.0%
Thailand	180.8	3.7%
Egypt	173.8	3.5%
Brazil	155.4	3.2%
South Korea	153.1	3.1%
Oman	146.6	3.0%
Singapore	141.2	2.9%
Jordan	99.3	2.0%
Other countries	1127.5	22.9%
Total	4917.1	100%

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 4.87 billion during the month, down 23% YoY.

Compared to May, imports of chemical and industry-related products in June dipped 33% YoY, or by SAR 2.44 billion.

Imports of chemical and industry-related products during June accounted for 9% of the total imports amounting to SAR 51.44 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	5524.2	7314.6	+32%	11%
June	6298.4	4867.7	(23%)	9%
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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