Chemicals exports dip 36% to SAR 6.27B in September

Jeddah Islamic port

Saudi Arabia's exports of chemical industry and related products fell by 36% year-on-year (YoY) to nearly SAR 6.27 billion in September 2023.

Compared to August, the chemicals exports dropped by SAR 213.9 million, or 3%.

The exports of chemical industry and related products represented 30% of September’s non-oil exports, as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	2022	2023	Change (%)	Chemical products to total non-oil exports (%)
January	7519.0	7035.2	(6%)	31%
February	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%
August*	9518.3	6479.1	(31%)	26%
September*	9757.4	6265.2	(36%)	30%
October	10196.8	--	--	--
November	8833.9	--	--	--
December	8122.0	--	--	--

*Updated.

China topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.23 billion, accounting for 19.6% of the total exports of chemical products in June. India and the United States followed with 13.9% and 8.9%, respectively, as shown in the table below:

Major Importers from Saudi Arabia in September 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports
China	1230.5	19.6%
India	871.6	13.9%
US	560.4	8.9%
UAE	554.2	8.8%
Turkey	292.6	4.7%
Brazil	292.5	4.7%
Belgium	194.8	3.1%
South Africa	179.5	2.9%
Pakistan	152.2	2.4%
Bangladesh	134.2	2.1%
South Korea	123.9	2.0%
Japan	110.8	1.8%
Other countries	1567.9	25.0%
Total	6265.2	100%

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.24 billion during the month, down 6% YoY.

Compared to August, imports of chemical and industry-related products in September dipped 14% YoY, or by SAR 881.9 billion.

Imports of chemical and industry-related products during September accounted for 8% of the total imports amounting to SAR 60.09 billion.

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

Saudi Imports of Chemical, Industry-Related Products (SAR mln)
Month	2022	2023	Change (%)	Percentage to total imports
January	5538.9	6039.8	+9%	9%
February	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%
August*	6756.1	6122.7	(11%)	9%
September*	5577.5	5240.8	(6%)	8%
October	6044.1	--	--	--
November	5660.1	--	--	--
December	5641.5	--	--	--

*Updated.

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