Saudi merchandise imports down 5% to SAR 57.7B in June

Jeddah Islamic Port

Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).

For more details on merchandise imports from Argaam Tools

Meanwhile, merchandise imports declined 22%, or nearly SAR 16.7 billion, month-on-month (MoM), as follows:

Saudi Merchandise Imports (SAR bln)*
Month	2023	2024	Value	YoY Change (%)
January	66.07	67.04	+0.97	+1%
February	56.20	67.14	+10.95	+19%
March	66.69	73.59	+6.90	+10%
April	61.12	63.99	+2.87	+5%
May	68.44	74.43	+5.99	+9%
June	60.80	57.72	(3.08)	(5%)
July	66.79	--	--	--
August	67.44	--	--	--
September	60.75	--	--	--
October	74.87	--	--	--
November	64.66	--	--	--
December	62.20	--	--	--

*Data is updated periodically.

Imports of machinery and mechanical appliances; electrical equipment, and their parts accounted for 25%, or SAR 14.3 billion, of the total Saudi imports in June.

Vehicles, aircraft, vessels, and associated transport equipment came second at 11%.

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

Saudi Imports Value in June (SAR bln)
Segment	June 2023	June 2024	Value	Change (%)
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof	12.20	14.25	+2.06	+17%
Vehicles, Aircraft, Vessels, and Associated Transport Equipment	8.56	6.34	(2.22)	(26%)
Products of the Chemical or Allied Industries	5.52	5.51	(0.01)	(0.2%)
Base Metals and Articles of Base Metal	4.99	5.41	+0.41	+8%
Mineral Products	6.32	5.10	(1.22)	(19%)
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others	3.00	3.59	+0.59	+20%
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes	3.18	2.60	(0.58)	(18%)
Live animals and animal products	2.28	2.41	+0.13	+6%
Vegetable Products	3.13	2.41	(0.73)	(23%)
Plastics and Articles Thereof; Rubber and Articles Thereof	2.09	1.96	(0.13)	(6%)
Others	9.52	8.13	(1.39)	(15%)
Total	60.80	57.72	(3.08)	(5%)

Saudi Arabia’s imports came mainly from China in June, valued at SAR 12.1 billion, or 21% of the total.

The US and the UAE followed with SAR 4.5 billion and SAR 4.02 billion, respectively.

The top 10 exporters to the Kingdom accounted for almost 64%, or SAR 36.7 billion, of the total imports in June, as shown below:

Top 10 Exporters to Saudi Arabia in June 2024 (SAR bln)
Country	Value	% of imports
China	12.08	20.9%
US	4.47	7.7%
UAE	4.02	7.0%
India	3.55	6.2%
Egypt	3.00	5.2%
Germany	2.48	4.3%
Switzerland	2.30	4.0%
Italy	2.06	3.6%
South Korea	1.41	2.4%
France	1.32	2.3%
Other Countries	21.01	36.4%
Total	57.72	100.0%

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