Saudi merchandise imports rise to SAR 201.4B in Q4 2023

Jeddah Islamic Port

Saudi Arabia’s merchandise imports grew by 3% year-on-year (YoY) to almost SAR 201.4 billion in Q4 2023, according to data issued by the General Authority for Statistics (GASTAT).

For more details about Saudi imports and exports on Argaam Tools

On a quarterly basis, merchandise imports fell by 1%, or nearly SAR 1.9 billion.

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	194.04	+23%
Q2	192.62	+10%
Q3	203.29	+9%
Q4	201.41	+3%

*Data is periodically updated.

Total Imports (Billion SAR)

The YoY increase in the Kingdom’s Q4 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 dominated 23% and 19%, respectively, of the total.

Saudi Imports Value in Q4 2023 (SAR bln)
Segment	Q4 2022	Q4 2023	Change	Change (%)
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof	39.88	46.29	+6.42	+16%
Vehicles, Aircraft, Vessels and Associated Transport Equipment	34.60	37.27	+2.66	+8%
Base Metals and Articles of Base Metals	18.47	17.71	(0.76)	(4%)
Products of Chemical or Allied Industries	17.44	16.83	(0.62)	(4%)
Mineral Products	12.89	14.56	+1.67	+13%
Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals	7.23	8.65	+1.42	+20%
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes	9.34	8.45	(0.89)	(9%)
Vegetable Products	12.60	8.34	(4.26)	(34%)
Live Animals and Animal Products	5.95	6.46	+0.51	+9%
Optic Tools and Devices, Photography, Cinematography, etc.	5.23	6.24	+1.01	+19%
Others	32.33	30.61	(1.72)	(5%)
Total	195.97	201.41	+5.44	+3%

China topped the Kingdom's list of exporting countries with SAR 44.3 billion, accounting for 22% of total imports in Q4 2023.

The US and the UAE followed, at 10% and 7%, respectively.

Top 10 Exporters to Saudi Arabia in Q4 2023 (SAR bln)
Country	Value	Ratio to Total
China	44.26	22.0%
US	19.35	9.6%
UAE	14.38	7.1%
India	10.94	5.4%
Germany	8.26	4.1%
Japan	7.64	3.8%
Switzerland	6.19	3.1%
Egypt	5.64	2.8%
Italy	5.58	2.8%
UK	5.21	2.6%
Other Countries	73.97	36.7%
Total	201.41	100.0%

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