Chemicals exports fall 6% in May

Saudi Arabia's exports of chemical products and related materials dropped 6% year-on-year (YoY) to nearly SAR 6.89 billion in May 2024.

Compared to April, chemicals exports rose by 18%, or SAR 1.06 billion.

Chemical products and related materials represented 24% of May's SAR 28.9 billion non-oil exports, as shown in the following table:

Exports of Chemical Products & Related Materials (SAR mln)*
Month	2023	2024	Change (%)	Chemicals to total non-oil exports (%)
January	7,035.2	5,479.7	(22%)	23%
February	6,933.6	5,510.5	(21%)	24%
March	7,512.2	6,754.7	(10%)	29%
April	6,673.1	5,824.6	(13%)	26%
May	7,340.2	6,885.9	(6%)	24%
June	5,762.8	--	--	--
July	6,314.6	--	--	--
August	6,479.1	--	--	--
September	6,297.2	--	--	--
October	6,963.4	--	--	--
November	6,680.4	--	--	--
December	8,564.6	--	--	--

*Data is periodically updated.

India was the largest importer of Saudi Arabia's chemical products in May, accounting for about SAR 1.27 billion, or 18.5% of the total. China and the UAE followed with 12.4% and 8.3%, respectively, as shown in the table below:

Major Importers from Saudi Arabia in May (SAR mln)
Country	Value	Percentage to total chemicals exports
India	1,277.2	18.5%
China	851.8	12.4%
UAE	568.2	8.3%
Belgium	443.1	6.4%
US	394.4	5.7%
Thailand	383.8	5.6%
Singapore	274.4	4.0%
Australia	248.1	3.6%
Turkey	193.6	2.8%
Brazil	181.0	2.6%
Pakistan	173.5	2.5%
Bangladesh	169.8	2.5%
Other countries	1,727.1	25.0%
Total	6,885.9	100 %

Saudi Arabia imported chemical products and related materials worth SAR 6.92 billion in May, down 5% YoY. Meanwhile, the imports rose 15%, or SAR 888.1 million, compared to April.

Chemical products and related materials made up 10% of May’s total imports of SAR 70.3 billion, as shown in the following table:

Imports of Chemicals Products & Related Materials (SAR mln)*
Month	2023	2024	Change (%)	Chemicals to total non-oil imports (%)
January	6,040.3	6,176.6	2 %	9%
February	5,706.2	5,834.8	2 %	9%
March	6,571.4	6,663.7	1 %	10%
April	5,408.4	6,029.9	10 %	10%
May	7,271.8	6,918.0	(5%)	10%
June	5,590.6	--	--	--
July	6,500.7	--	--	--
August	6,122.7	--	--	--
September	5,280.5	--	--	--
October	6,114.4	--	--	--
November	5,889.4	--	--	--
December	4,822.9	--	--	--

*Data is periodically updated.

Economic Reports

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Popular Links

Quick Links

About Us

Join Us

Follow Us