Saudi merchandise imports up 12% to SAR 73.9B in October

Jeddah Islamic Port

Saudi Arabia’s merchandise imports rose in October by 12% year-on-year (YoY) to almost SAR 73.9 billion, the highest level in years, according to data issued by the General Authority for Statistics (GASTAT).

Merchandise imports also increased by 17%, or nearly SAR 11 billion, month-on-month (MoM), as follows:

Saudi Merchandise Imports (SAR bln)*
Month	2022	2023	Value	YoY Change (%)
January	52.35	67.69	15.34	29%
February	49.27	57.31	8.05	16%
March	56.29	69.04	12.75	23%
April	57.32	58.31	0.99	2%
May	55.96	69.54	13.58	24%
June	62.07	64.77	2.70	4%
July	57.56	70.20	12.64	22%
August	63.80	70.18	6.38	10%
September	61.46	62.91	1.45	2%
October	66.28	73.90	7.62	12%
November	64.75	--	--	--
December	64.94	--	--	--

*Data is updated periodically.

Total Merchandise Imports (SAR bln)

Source: Argaam Tools

Imports of machinery and mechanical appliances, electrical equipment, and parts thereof came on top in October, representing 22%, or SAR 16.5 billion, of the total Saudi imports.

Vehicles, aircraft, vessels, and associated transport equipment came in second with 19% of the total Saudi imports.

The table below shows details of Saudi imports in October by segment:

Saudi Imports Value in October (SAR bln)
Segment	October 2022	October 2023	Value	Change
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof	12,705.8	16,493.9	+3,788.1	+30%
Vehicles, Aircraft, Vessels, and Associated Transport Equipment	11,093.6	14,358.6	+3,265.0	+29%
Products of the Chemical or Allied Industries	6,122.6	6,114.4	(8.2)	(0.1%)
Mineral Products	5,223.7	5,941.8	+718.1	+14%
Base Metals and Articles of Base Metal	5,956.1	5,889.4	(66.7)	(1%)
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others	3,081.9	4,091.4	+1,009.6	+33%
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes	2,861.7	2,867.3	+5.5	+0.2%
Vegetable Products	4,238.8	2,750.5	(1,488.3)	(35%)
Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; clocks and watches; musical instruments; parts and accessories thereof	1,899.4	2,234.8	+335.4	+18%
Plastics and Articles Thereof; Rubber and Articles Thereof	2,441.6	2,209.4	(232.2)	(10%)
Others	10,650.0	10,952.8	+302.8	+3%
Total	66,275.2	73,904.4	+7,629.2	+12%

China topped the Kingdom's list of importers with approximately SAR 14.9 billion, accounting for 20% of the total in October.

The US and the UAE followed with SAR 8.82 billion and SAR 5.11 billion imports, respectively.

The top 10 exporters to Saudi Arabia accounted for almost 64%, or SAR 47.1 billion, of the total imports in October, as shown below:

Top 10 Exporters to Saudi Arabia in October (SAR bln)
Country	Value	% of imports
China	14.87	20.1%
US	8.82	11.9%
UAE	5.11	6.9%
India	4.02	5.4%
Switzerland	3.13	4.2%
Germany	2.89	3.9%
Japan	2.71	3.7%
Holland	1.87	2.5%
Singapore	1.85	2.5%
Egypt	1.84	2.5%
Other Countries	26.79	36.3%
Total	73.90	100.0%

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