Saudi merchandise imports rise to SAR 178.9 bln in Q2 2023

A Saudi Port

Saudi Arabia’s merchandise imports grew by 2% year-on-year (YoY) to almost SAR 178.9 billion in Q2 2023, according to data issued by the General Authority for Statistics (GASTAT).

On a quarterly basis, merchandise imports fell by 8%, or nearly SAR 15.2 billion.

Saudi Merchandise Imports
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	194.04	+23%
Q2	178.88	+2%

*Data is periodically updated.

The YoY increase in the Kingdom’s Q2 2023 imports was driven by machinery and mechanical appliances, electrical equipment and parts thereof, as well as vehicles, aircraft, vessels and associated transport equipment, which dominate 21% and 17%, respectively, of the total.

Saudi Imports Value in Q2 2023 (SAR bln)
Segment	Q2 2022	Q2 2023	Change	Change (%)
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof	32.5	37.1	+4.6	+14%
Vehicles, Aircraft, Vessels and Associated Transport Equipment	22.0	30.7	+8.7	+39%
Products of the Chemical or Allied Industries	17.3	18.1	+0.8	+4%
Mineral Products	17.3	15.5	(1.7)	(10%)
Base Metals and Articles of Base Metals	16.7	14.6	(2.1)	(13%)
Natural or cultured Pearls, Precious or Semi-Precious Stones, Precious Metals	7.8	8.9	+1.1	+14%
Vegetable Products	10.3	8.2	(2.1)	(20%)
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes	8.6	7.9	(0.7)	(8%)
Plastics and Articles thereof; Rubber and Articles thereof	7.1	6.4	(0.7)	(10%)
Live Animals and Animal Products	6.7	5.9	(0.9)	(13%)
Others	29.0	25.6	(3.4)	(12%)
Total	175.4	178.9	+3.5	+2%

China topped the Kingdom's list of exporting countries with SAR 37.4 billion, accounting for 21% of the total value of imports in Q2 2023.

The US and UAE followed, at 8% and 6%, respectively.

Top 10 Exporters to Saudi Arabia in Q2 2023 (SAR bln)
Country	Value	Ratio to Total
China	37.37	20.9%
US	15.10	8.4%
UAE	10.64	5.9%
India	9.34	5.2%
Germany	8.30	4.6%
Switzerland	7.12	4.0%
Japan	6.01	3.4%
South Korea	5.62	3.1%
Italy	5.02	2.8%
Russia	4.84	2.7%
Other Countries	69.51	38.9%
Total	178.88	100.0%

Details and Historical Data of Imports

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