A Saudi Port
Saudi Arabia’s merchandise imports grew by 18% year-on-year (YoY) to almost SAR 186.4 billion in Q1 2023, according to data issued by the General Authority for Statistics (GASTAT).
On a quarterly basis, merchandise imports fell by 5%, or nearly SAR 9.56 billion, as follows:
|
Saudi Merchandise Imports |
||
|
Period |
Value (SAR bln) |
YoY Change |
|
Q1 2017 |
125.72 |
-- |
|
Q2 |
126.71 |
-- |
|
Q3 |
123.85 |
-- |
|
Q4 |
128.16 |
-- |
|
Q1 2018 |
126.06 |
+0.3% |
|
Q2 |
133.02 |
+5% |
|
Q3 |
128.02 |
+3% |
|
Q4 |
126.90 |
(1%) |
|
Q1 2019 |
132.19 |
+5% |
|
Q2 |
151.82 |
+14% |
|
Q3 |
145.45 |
+14% |
|
Q4 |
144.90 |
+14% |
|
Q1 2020 |
132.38 |
+0.1% |
|
Q2 |
124.85 |
(18%) |
|
Q3 |
123.03 |
(15%) |
|
Q4 |
137.23 |
(5%) |
|
Q1 2021 |
139.39 |
+5% |
|
Q2 |
140.42 |
+12% |
|
Q3 |
144.76 |
+18% |
|
Q4 |
148.61 |
+8% |
|
Q1 2022 |
157.90 |
+13% |
|
Q2 |
175.35 |
+25% |
|
Q3 |
182.81 |
+26% |
|
Q4 |
195.97 |
+32% |
|
Q1 2023 |
186.41 |
+18% |
*Data is periodically updated.
The YoY increase in the Kingdom’s Q1 2023 imports was driven by machinery and mechanical appliances; electrical equipment and parts thereof, as well as vehicles, aircraft, vessels and associated transport equipment, which dominate 21% and 16%, respectively, of the total.
|
Saudi Imports Value in Q1 2023 (SAR mln) |
||||
|
Segment |
Q1 2022 |
Q1 2023 |
Change Value |
Percentage Change |
|
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof |
31.79 |
38.95 |
+7.16 |
+23% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
22.86 |
29.94 |
+7.09 |
+31% |
|
Products of the Chemical or Allied Industries |
18.57 |
18.05 |
(0.52) |
(3%) |
|
Base Metals and Articles of Base Metals |
14.74 |
15.66 |
+0.92 |
+6% |
|
Metal Products |
7.84 |
13.00 |
+5.16 |
+66% |
|
Vegetable Products |
10.09 |
10.11 |
+0.02 |
+0.2% |
|
Food Products Beverages and Tobacco and Textiles |
7.87 |
9.14 |
+1.27 |
+16% |
|
Textiles and Textile Articles |
6.11 |
6.79 |
+0.68 |
+11% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
5.96 |
6.30 |
+0.34 |
+6% |
|
Live Animals and Animal Products |
5.10 |
6.26 |
+1.16+ |
+23% |
|
Other |
26.99 |
32.21 |
+5.22 |
+19% |
|
Total |
157.90 |
186.41 |
+28.50 |
+18% |
China topped the Kingdom's list of exporting countries with SAR 40 billion, accounting for 21% of the total value of imports in Q1 2023.
The US and UAE followed, at 9% and 7%, respectively.
|
Top 10 Exporters to Saudi Arabia in Q1 2023 (SAR mln) |
|||
|
Country |
Q1 2022 |
Q1 2023 |
Change |
|
China |
34.91 |
40.00 |
+15% |
|
US |
14.29 |
17.10 |
+20% |
|
UAE |
9.79 |
12.16 |
+24% |
|
India |
8.25 |
11.41 |
+38% |
|
Germany |
6.40 |
8.39 |
+31% |
|
Japan |
5.49 |
7.52 |
+37% |
|
South Korea |
4.72 |
5.48 |
+16% |
|
Italy |
4.84 |
5.24 |
+8% |
|
Egypt |
5.11 |
4.45 |
(13%) |
|
France |
4.46 |
4.30 |
(3%) |
|
Other Countries |
59.65 |
70.35 |
+18% |
|
Total |
157.90 |
186.41 |
+18% |
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