Chemical products exports down 1% to SAR 8.8 bln in November 2022; imports up 10% to 5.7 bln

06/02/2023 Argaam Special
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag


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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