Chemical products exports down 20%, imports drop 5% in February

A commercial carrier

Saudi Arabia's exports of chemical industry and related products reached nearly SAR 6.93 billion in February 2023, a 20% year-on-year (YoY) decline.

Compared to January 2023, exports of chemical products fell by SAR 101.6 million, or 1%.

Exports of chemicals represented 33% of total non-oil exports in February, amounting to SAR 20.91 billion, as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	Exports 2022	Exports 2023	Change (%)	Chemical products exports to total non-oil exports (%)
January	7,519.0	7,035.2	(6%)	31%
February*	8,731.0	6, 933.6	(20%)	33%
March	10,339.4	--	--	--
April	10,028.1	--	--	--
May	9,859.4	--	--	--
June	10,519.5	--	--	--
July	9,579.3	--	--	--
August	9,518.3	--	--	--
September	9,702.2	--	--	--
October	10,196.8	--	--	--
November	8,833.9	--	--	--
December*	8,122.0	--	--	--

*Updated.

India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 949 million and 14% of the total value of exports of chemical products in February. China and the Belgium followed at 13% and 7%, respectively, as indicated in the table below:

Major Importers from Saudi Arabia in February 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports (%)
India	949	13.70%
China	905	13.10%
Belgium	509.3	7.30%
US	459.8	6.60%
UAE	448.8	6.50%
South Korea	437.6	6.30%
Singapore	392.4	5.70%
Germany	391.9	5.70%
Australia	306.3	4.40%
Brazil	191.4	2.80%
Kenya	189	2.70%
Thailand	152.7	2.20%
Pakistan	140.9	2.00%
Egypt	117.7	1.70%
Other countries	1341.8	19.40%
Total	6933.6	100%

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.71billion during the month, 5% down YoY.

Compared to January 2023, imports of chemical and industry-related products in February 2023 declined by SAR 333.6 million, or 6%.

Imports of chemical and industry-related products during January accounted for 10% of the total imports amounting to SAR 56.58 billion.

The following table Saudi Arabia’s imports of chemical products:

Saudi Arabia’s Imports of Chemical and Industry-Related Products (SAR mln)
Month	Imports 2022	Imports 2023	Change (%)	Percentage to total imports
January	5,538.9	6,029.4	+9%	9 %
February*	6,048.7	5,706.2	(5%)	10%
March	6,843.4	--	--	--
April	5,456.7	--	--	--
May	5,420.3	--	--	--
June	6,278.4	--	--	--
July	5,488.9	--	--	--
August	6,621.9	--	--	--
September	5,552.5	--	--	--
October	6,044.1	--	--	--
November	5,660.1	--	--	--
December*	5,641.5	--	--	--

*Updated.

Details and Historical Data of Imports and Exports

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}}

Related News

Most Read

Market Indices

Popular Links

Quick Links

About Us

Join Us

Follow Us