Saudi merchandise imports rise 13% to SAR 75.2B in July

Jeddah Islamic Port

Saudi Arabia’s merchandise imports increased 13% year-on-year (YoY) to almost SAR 75.2 billion in July 2024, according to data issued by the General Authority for Statistics (GASTAT).

Saudi merchandise imports scored a record high during July, according to GASTAT that started recording data in 2017.

For more details on merchandise imports from Argaam Tools

Meanwhile, merchandise imports jumped 9%, or SAR 6.1 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	2.88+	+5%
May	68.44	75.02	6.58+	+10%
June	60.80	69.14	8.34+	+14%
July	66.79	75.23	8.43+	+13%
August	67.44	--	--	--
September	60.75	--	--	--
October	74.87	--	--	--
November	64.66	--	--	--
December	62.20	--	--	--

*Data is updated periodically.

Imports of machinery, mechanical appliances, electrical equipment, and their parts accounted for 27%, or SAR 20 billion, of the total Saudi imports in July.

Vehicles, aircraft, vessels, and associated transport equipment came second at 15%.

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

Saudi Imports Value in July (SAR bln)
Segment	July 2023	July 2024	Value	Change (%)
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof	14.87	19.95	+5.08	+34%
Vehicles, Aircraft, Vessels, and Associated Transport Equipment	10.66	11.01	+0.35	+3%
Base Metals and Articles of Base Metals	5.71	7.67	+1.96	+34%
Products of the Chemical or Allied Industries	6.47	7.59	+1.12	+17%
Mineral Products	3.80	4.32	+0.52	+14%
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes	3.04	3.16	+0.12	+4%
Vegetable Products	3.18	3.06	(0.12)	(4%)
Plastics and Articles Thereof; Rubber and Articles Thereo	2.52	2.80	+0.28	+11%
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others	3.66	2.43	(1.23)	(34%)
Live animals and animal products	2.03	2.33	+0.30	+15%
others	10.84	10.90	+0.06	+1%
Total	66.79	75.23	+8.43	+13%

Saudi Arabia’s imports came mainly from China in July, valued at SAR 19.1 billion, or 25% of the total.

The US and the Germany followed with SAR 5.4 billion and SAR 3.8 billion, respectively. The UAE came fourth with SAR 3.6 billion.

The top 10 exporters to the Kingdom accounted for almost 62%, or SAR 46.5 billion, of the total imports in June, as shown below:

Top 10 Exporters to Saudi Arabia in July 2024 (SAR bln)
Country	Value	% of imports
China	19.1	25.4%
US	5.4	7.2%
Germany	3.8	5.1%
UAE	3.6	4.8%
India	3.6	4.7%
Italy	2.7	3.5%
Japan	2.6	3.4%
South Korea	2.1	2.8%
Egypt	1.8	2.4%
France	1.8	2.3%
Other Countries	28.7	38.2%
Total	75.2	100.0%

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