Chemicals exports dip 13% in March, imports up 1%

Jeddah Islamic Port

Saudi Arabia's exports of chemical industry and related products dropped 13% year-on-year (YoY) to nearly SAR 6.54 billion in March.

Compared to February, the chemicals exports grew by 19%, or SAR 1.02billion, or 3%.

The exports of chemical industry and related products represented 28% of March’sSAR 23.3 billion non-oil exports, as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	2023	2024	Change (%)	Chemical products to total non-oil exports (%)
January	7035.2	5479.7	(22%)	23%
February	6933.6	5510.5	(21%)	24%
March	7512.2	6540.3	(13%)	28%
April	6673.4	--	--	--
May	7338.9	--	--	--
June	5762.8	--	--	--
July	6314.6	--	--	--
August*	6479.1	--	--	--
September*	6297.2	--	--	--
October	6963.4	--	--	--
November	6680.4	--	--	--
December	8564.6	--	--	--

*Updated.

China topped the list of chemical product importers from Saudi Arabia with nearly SAR 812.4 million, accounting for 12.4% of the total exports of chemical products in March. India and the UAE followed with 10.6% and 9%, respectively, as shown in the table below:

Major Importers from Saudi Arabia in March (SAR mln)
Country	Value	Percentage to total chemical products exports
China	812.4	12.4%
India	695.3	10.6%
UAE	588.8	9.0%
Belgium	524.1	8.0%
Thailand	413.7	6.3%
US	331.7	5.1%
Australia	293.2	4.5%
Singapore	280.0	4.3%
Spain	250.9	3.8%
Pakistan	193.0	3.0%
Turkey	187.0	2.9%
South Korea	170.5	2.6%
Other countries	1799.7	27.5%
Total	6540.3	100 %

The exports of chemical industry and related products reached SAR 6.61 billion in March, rising 1% YoY.

Chemicals imports jumped 13%, or SAR 772.8 million compared to February, accounting for 10% of the total imports of SAR 67.36 billion, , as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	2023	2024	Change (%)	Chemical products to total non-oil exports (%)
January	6040.3	6176.6	2%	9%
February	5706.2	5834.8	2%	9%
March	6571.4	6607.6	1%	10%
April	5885.2	--	--	--
May	7314.6	--	--	--
June	5590.6	--	--	--
July	6500.7	--	--	--
August*	6122.7	--	--	--
September*	5280.5	--	--	--
October	6114.4	--	--	--
November	5889.4	--	--	--
December	4822.9	--	--	--

*Updated.

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