Chemical products exports fall 35% in July, imports up 19%

Jeddah Islamic Port

Saudi Arabia's exports of chemical and industry-related products fell by 35% year-on-year (YoY) to nearly SAR 6.31 billion in July.

Compared to June, chemicals exports increased by SAR 551.8 million, or 10%.

Exports of the chemical industry and related products represented 30% of July’s non-oil exports, which amounted to SAR 21.15 billion, as shown in the following table:

Saudi Kingdom’s Exports of Chemicals and Related Products (million SAR)
Month	Exports 2022	Exports 2023	Change (%)	% of Total Non-oil Exports
Jan.	7519.0	7035.2	(6%)	31%
Feb.	8734.6	6933.6	(20%)	33%
March	10339.4	7519.9	(28%)	31%
April	10028.1	6673.4	(34%)	35 %
May	9860.4	7338.9	(27%)	29%
June*	10523.3	5762.8	(45%)	34 %
July	9667.9	6314.6	(35%)	30%
Aug.	9518.3	--	--	--
Sept.	9702.2	--	--	--
Oct.	10196.8	--	--	--
Nov.	8833.9	--	--	--
Dec.	8122.0	--	--	--

*updated.

China topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.185 billion, accounting for 18.8% of the total exports of chemical products in July. India and the UAE followed with 17.1% and 5.3%, respectively, as shown in the table below:

Most Important Countries Exported to during July 2023 (million SAR)
Country	Value	% of Total
China	1185.1	18.8%
India	1081.4	17.1%
United Arab Emirates	337.2	5.3%
Singapore	318.2	5.0%
Belgium	303.8	4.8%
United States of America	303.0	4.8%
Thailand	257.5	4.1%
Türkiye	233.6	3.7%
Sultanate of Oman	227.3	3.6%
Brazil	203.7	3.2%
South Korea	189.2	3.0%
Indonesia	160.6	2.5%
Rest of Countries	1514.0	24.0%
Total	6314.6	100 %

Meanwhile, Saudi Arabia’s imports of chemical and industry-related products amounted to SAR 6.5 billion during the month, up 19% YoY.

Compared to June, imports of chemical and industry-related products rose in July by 16% YoY, or by SAR 910.1 million.

Imports of chemical and industry-related products during July accounted for 9% of the total imports, amounting to SAR 68.90 billion.

Saudi Kingdom’s Imports of Chemicals and Related Products (million SAR)
Month	Imports 2022	Imports 2023	Change (%)	% of Total Non-oil Imports
Jan.	5538.9	6039.8	9%	9%
Feb.	6048.7	5706.2	(5%)	10%
March	6843.4	6620.5	(3%)	10%
April	5479.1	5885.2	7%	10%
May	5524.2	7314.6	32%	11%
June*	6298.4	5590.6	(11%)	11%
July	5450.2	6500.7	19%	9%
Aug.	6621.9	--	--	--
Sept.	5552.5	--	--	--
Oct.	6044.1	--	--	--
Nov.	5660.1	--	--	--
Dec.	5641.5	--	--	--

*updated.

Details and Historical Data of Imports and Exports

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