Jeddah Islamic Port
Saudi Arabia’s merchandise imports surged by 26% year-on-year (YoY) in November 2022 to SAR 62.7 billion, according to data issued by the General Authority for Statistics (GASTAT).
Imports fell by SAR 1.21 billion, or 2%, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports* (SAR mln) |
||||
|
Month |
2021 |
2022 |
Value |
YoY Change (%) |
|
January |
48051 |
52458 |
+ 4407 |
+9% |
|
February |
41041 |
49132 |
+ 8091 |
+20% |
|
March |
50300 |
55961 |
+ 5661 |
+11% |
|
April |
49703 |
56372 |
+ 6669 |
+13% |
|
May |
44214 |
54838 |
+ 10624 |
+24% |
|
June |
46507 |
61663 |
+ 15156 |
+33% |
|
July |
46600 |
57596 |
+ 10996 |
+24% |
|
August |
50830 |
63790 |
+ 12960 |
+25% |
|
September |
47327 |
61131 |
+ 13804 |
+29% |
|
October |
45852 |
63890 |
+ 18038 |
+39% |
|
November |
49559 |
62677 |
+ 13118 |
+26% |
|
December |
53203 |
-- |
-- |
-- |
The YoY increase in the Kingdom’s imports in November 2022 was driven by a SAR 5.3 billion, or 72%, rise in its vehicles, aircraft, vessels and associated transport equipment. Alongside further gains in imports of several other segments, machinery and mechanical appliances; electrical equipment; parts thereof added SAR 2.62 billion, or 26%, YoY.
The table below shows details of Saudi imports in November 2022 by segment:
|
Saudi Imports Value in November 2022 (SAR mln) |
||||
|
Product |
November 2021 |
November 2022 |
Change Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
10146.0 |
12769.5 |
+2623.6 |
+26% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
7428.1 |
12744.8 |
+5316.7 |
+72% |
|
Base Metals and Articles of Base Metal |
5136.0 |
5929.8 |
+793.7 |
+15% |
|
Products of the Chemical or Allied Industries |
5146.8 |
5660.1 |
+513.4 |
+10% |
|
Mineral Products |
3013.6 |
3754.4 |
+740.8 |
+25% |
|
Vegetable Products |
2753.9 |
3041.3 |
+287.4 |
+10% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
2568.1 |
2720.7 |
+152.7 |
+6% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
1842.4 |
2135.2 |
+292.8 |
+16% |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
1538.4 |
2043.6 |
+505.2 |
+33% |
|
Livestock and Animal Products |
1533.7 |
1926.2 |
+392.5 |
+26% |
|
Other |
8451.6 |
9951.0 |
+1499.4 |
+18% |
|
Total |
49,558.6 |
62,676.7 |
+13118.1 |
+26% |
China topped the Kingdom's list of countries for imports, amounting to SAR 14.4 billion, accounting for 23% of the total value of imports in November.
The US and the UAE took the second and third positions, at 10% and 5%, respectively.
The top 10 exporters to Saudi Arabia accounted for 63%, or SAR 39.5 billion, of the Kingdom's total imports in November.
|
Top 10 Exporters to Saudi Arabia in November 2022 (SAR mln) |
|||
|
Country |
November 2021 |
November 2022 |
Change (%) |
|
China |
10164.2 |
14443.6 |
+42% |
|
US |
5653.5 |
6170.9 |
+9% |
|
UAE |
3091.8 |
3306.3 |
+7% |
|
India |
2130.5 |
2994.0 |
+41% |
|
Japan |
1934.4 |
2754.6 |
+42% |
|
Germany |
2143.0 |
2611.3 |
+22% |
|
Singapore |
265.1 |
1863.7 |
+603% |
|
Egypt |
1734.9 |
1851.5 |
+7% |
|
South Korea |
1269.5 |
1789.2 |
+41% |
|
Italy |
1520.3 |
1689.5 |
+11% |
|
Other countries |
19651.5 |
23202.1 |
+18% |
|
Total |
49558.6 |
62676.7 |
+26% |
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