Saudi merchandise imports rise 10% to SAR 61.8 bln in March 2023

08/06/2023 Argaam Special

Saudi merchandise imports rise 10% to SAR 61.8 bln in March 2023

A Saudi Port


Saudi Arabia’s merchandise imports grew by 10% year-on-year (YoY) to almost SAR 61.8 billion in March, according to data issued by the General Authority for Statistics (GASTAT).

 

Imports climbed by 9%, or nearly SAR 4.9 billion, month-on-month (MoM), as follows:

 

Saudi Merchandise Imports* (SAR mln)

Month

2022

2023

Value

YoY Change (%)

January

52351

67687

+15336

+29%

February

49266

56933

+7667

+16%

March

56288

61788

+5500

+10%

April

57324

--

--

--

May

55959

--

--

--

June

62071

--

--

--

July

57556

--

--

--

August

63797

--

--

--

September

61459

--

--

--

October

66275

--

--

--

November

64754

--

--

--

December

64939

--

--

--

*Data is updated periodically.

 

Saudi Merchandize Imports (SAR bln) 

 

Source: Argaam Tools

 

Imports of machinery and mechanical appliances, electrical equipment and parts thereof topped imports in March, representing 20% of the total Saudi imports. It was followed by vehicles, aircraft, vessels and associated transport equipment, making up 18%.

 

The table below shows details of Saudi imports in March by segment:

 

Saudi Imports Value in March (SAR mln)

Segment

March 2022

March 2023

Value

Change 

Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof

10716.9

12279.8

+1562.9

+15%

Vehicles, Aircraft, Vessels and Associated Transport Equipment

8611.4

10845.9

+2234.5

+26%

Products of the Chemical or Allied Industries

6964.8

6291.8

(673.0)

(10%)

Base Metals and Articles of Base Metal

5289.0

4584.0

(705.0)

(13%)

Mineral Products

3321.8

4485.4

+1163.5

+35%

Vegetable Products

3611.1

3248.1

(363.1)

(10%)

Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes

2590.8

2944.7

+353.9

+14%

Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others

1626.5

2437.0

+810.6

+50%

Textile Products

2253.2

2381.8

+128.6

+6%

Plastics and Articles Thereof; Rubber and Articles Thereof

2065.1

2253.9

+188.8

+9%

Others

9237.3

10035.6

+798.3

+9%

Total

56287.9

61788.0

+5500.0

+10%

 

China topped the Kingdom's importers, with approximately SAR 11.7 billion, accounting for 19% of the total in March.

 

The US and UAE took the second and third positions, at 9% and 6%, respectively.

 

The top 10 exporters to Saudi Arabia accounted for almost 59.7%, or SAR 36.9 billion, of the Kingdom's total imports in March, as shown below:

 

Top 10 Exporters to Saudi Arabia in March (SAR mln)

Country

March 2022

March 2023

Change

China

11314.6

11740.4

+4%

US

4315.9

5436.1

+26%

UAE

3829.1

3840.8

+0.3%

India

3305.6

3296.8

(0.3%)

Germany

2244.3

2814.3

+25%

Japan

2165.9

2699.9

+25%

Singapore

748.6

2132.7

+185%

Italy

1754.2

1731.2

(1%)

Switzerland

935.1

1603.8

+72%

Bahrain

966.3

1603.5

+66%

 
 

Details and Historical Data of Imports

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