Saudi merchandise imports rise 11% to SAR 217.3B in Q3 2024

Saudi Merchandise Imports Since 2017

Period

Value (SAR bln)

Change YoY

Q1 2017

125.72

--

Q2

126.71

--

Q3

123.85

--

Q4

128.16

--

Q1 2018

126.06

+0.3%

Q2

133.02

+5%

Q3

128.02

+3%

Q4

126.90

(1%)

Q1 2019

132.19

+5%

Q2

151.82

+14%

Q3

145.45

+14%

Q4

144.90

+14%

Q1 2020

132.38

+0.1%

Q2

124.85

(18%)

Q3

123.03

(15%)

Q4

137.23

(5%)

Q1 2021

139.39

+5%

Q2

140.42

+12%

Q3

144.76

+18%

Q4

148.61

+8%

Q1 2022

157.90

+13%

Q2

175.35

+25%

Q3

182.81

+26%

Q4

195.97

+32%

Q1 2023

188.95

+20%

Q2

190.35

+9%

Q3

194.99

+7%

Q4

201.73

+3%

Q1 2024

207.77

+10%

Q2

208.29

+9%

Q3

217.25

+11%

Saudi Imports Value in Q3 2024 (SAR bln)

Segment

Q3 2023

Q3 2024

Change

Change (%)

Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof

43.95

57.48

+13.53

+31%

Vehicles, Aircraft, Vessels and Associated Transport Equipment

29.83

32.52

+2.69

+9%

Products of Chemical or Allied Industries

17.80

21.29

+3.50

+20%

Base Metals and Articles of Base Metals

17.29

21.23

+3.94

+23%

Mineral Products

14.95

12.85

(2.09)

(14%)

Vegetable Products

9.65

9.61

(0.04)

(0.4%)

Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes

8.78

9.43

+0.65

+7%

Plastics, Rubber and Their Products

6.89

8.04

+1.15

+17%

Live Animals and Animal Products

6.02

6.42

+0.40

+7%

Optical Instruments and Photography Devices

5.94

6.11

+0.17

+3%

Others

33.90

32.27

(1.62)

(5%)

Total

194.99

217.25

+22.27

+11%

Top 10 Exporters to Saudi Arabia in Q3 2024 (SAR bln)

Countries

Value

% of Total

China

53.8

24.8%

US

17.6

8.1%

India

11.0

5.1%

Germany

10.4

4.8%

UAE

9.7

4.5%

Italy

7.8

3.6%

Japan

7.5

3.5%

Egypt

6.2

2.8%

South Korea

5.6

2.6%

UK

5.1

2.4%

Other Countries

82.5

38.0%

Total

217.3

100.0%