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Saudi Arabia's exports of chemical industry products and related products reached nearly SAR 8.83 billion in November 2022, marking a year-on-year (YoY) decrease of 1%.
This is the first decline in exports of chemical products in nearly two years, or since December 2020, when exports recorded a decline of 19%.
Compared to October 2022, exports of chemical products fell by SAR 1.36 billion, or 13.4%.
Exports of chemical products represented 39% of total non-oil exports in November 2022, amounting to SAR 22.75 billion, as shown in the following table:
|
Kingdom's Exports of Chemical Products & Related products (SAR mln) |
||||
|
Month |
Exports 2021 |
Exports 2022 |
Change (%) |
Chemical products exports to total non-oil exports (%) |
|
January |
5206.6 |
7517.4 |
44% |
31% |
|
February |
4851.7 |
8731.0 |
80% |
35% |
|
March |
6242.2 |
10339.4 |
66% |
36% |
|
April |
5987.7 |
10028.1 |
67% |
36% |
|
May |
6973.1 |
9859.4 |
41% |
35% |
|
June |
7425.8 |
10519.5 |
42% |
34% |
|
July |
6519.7 |
9579.3 |
47% |
35% |
|
August |
7669.5 |
9518.3 |
24% |
35% |
|
September |
7195.7 |
9702.2 |
35% |
39% |
|
October |
7692.5 |
10196.8 |
33% |
40% |
|
November |
8898.3 |
8833.9 |
(1%) |
39% |
India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 1.9 billion and 21% of the total value of exports of chemical products in November 2022. China and Germany followed at 17% and 10%, respectively, as indicated in the table below:
|
Major Importers from Saudi Arabia in November 2022 (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports (%) |
|
India |
1,893.8 |
21.4% |
|
China |
1,529.6 |
17.3% |
|
Germany |
903.8 |
10.2% |
|
Bangladesh |
474.2 |
5.4% |
|
UAE |
463.7 |
5.2% |
|
Belgium |
307.0 |
3.5% |
|
US |
300.1 |
3.4% |
|
Australia |
299.6 |
3.4% |
|
South Korea |
268.4 |
3.0% |
|
Morocco |
243.4 |
2.8% |
|
Turkey |
196.9 |
2.2% |
|
Singapore |
166.3 |
1.9% |
|
Indonesia |
138.4 |
1.6% |
|
Brazil |
130.2 |
1.5% |
|
Egypt |
129.2 |
1.5% |
|
Portugal |
126.2 |
1.4% |
|
Pakistan |
127.5 |
1.4% |
|
Jordan |
124.0 |
1.4% |
|
Other countries |
1,011.4 |
11.4% |
|
Total |
8,833.9 |
|
On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.66 billion during November 2022, up by 10% YoY.
Germany took the lead of the countries exporting to Saudi Arabia with about SAR 756 million, representing 13% of total imports of chemical products during the month. The US followed, exporting SAR 693.2 million worth of chemical products to Saudi Arabia. China came third with SAR 472.1 million.
The following table shows major countries exported chemical products to Saudi Arabia during November 2022:
|
Major Exporters to Saudi Arabia in November 2022 (SAR mln) |
|||
|
Country |
November 2021 |
November 2022 |
Change (%) |
|
Germany |
552.2 |
756.0 |
+37% |
|
US |
835.2 |
693.2 |
(17%) |
|
China |
476.8 |
472.1 |
(1%) |
|
India |
307.9 |
437.5 |
+42% |
|
France |
415.8 |
300.9 |
(27%) |
|
Spain |
79.7 |
267.4 |
+235% |
|
UAE |
193.6 |
257.5 |
+33% |
|
Italy |
171.2 |
225.7 |
+32% |
|
UK |
179.6 |
197.4 |
+10% |
|
Sweden |
126.0 |
189.0 |
+50% |
|
Denmark |
173.6 |
187.2 |
+8% |
|
Jordan |
76.9 |
180.7 |
+134% |
|
Ireland |
187.7 |
154.3 |
(17%) |
|
Belgium |
331.4 |
137.5 |
(58%) |
|
Japan |
74.4 |
120.5 |
+62% |
|
Egypt |
70.0 |
119.9 |
+71% |
|
Switzerland |
123.1 |
119.7 |
(2%) |
|
South Korea |
92.6 |
113.9 |
+23% |
|
Other countries |
661.9 |
729.7 |
+10% |
|
Total |
5,129.8 |
5,660.1 |
+10% |
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