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.
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