Saudi Arabia's exports of chemical industry products and related products reached nearly SAR 7.18 billion in May, marking a year-on-year (YoY) decrease of 27%.
Compared to the previous month, exports of chemical products rose 8% to SAR 505.4 million.
Exports of chemical products represented 29% of total non-oil exports in May, amounting to SAR 25.14 billion, as shown in the following table:
|
Kingdom's Exports of Chemical Products & Related Products (SAR mln) |
||||
|
Month |
Exports 2022 |
Exports 2023 |
Change (%) |
Chemical products exports to total non-oil exports (%) |
|
January |
7519.0 |
7035.2 |
(6%) |
31% |
|
February |
8734.6 |
6933.6 |
(20%) |
33% |
|
March |
10339.4 |
7519.9 |
(28%) |
31% |
|
April |
10028.1 |
6673.4 |
(34%) |
35% |
|
May |
9860.4 |
7178.8 |
(27%) |
29% |
|
June |
10519.5 |
-- |
-- |
-- |
|
July |
9579.3 |
-- |
-- |
-- |
|
August |
9518.3 |
-- |
-- |
-- |
|
September |
9702.2 |
-- |
-- |
-- |
|
October |
10196.8 |
-- |
-- |
-- |
|
November |
8833.9 |
-- |
-- |
-- |
|
December |
8122.0 |
-- |
-- |
-- |
India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 1.17 billion and 16.4% of the total value of exports of chemical products in May 2023. China and US followed at 15.4% and 7.6%, respectively, as indicated in the table below:
|
Major Importers from Saudi Arabia in May 2023 (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports (%) |
|
India |
1177.6 |
16.4% |
|
China |
1106.8 |
15.4% |
|
UAE |
545.6 |
7.6% |
|
Turkey |
451.9 |
6.3% |
|
Belgium |
393.2 |
5.5% |
|
US |
328.3 |
4.6% |
|
Brazil |
309.2 |
4.3% |
|
Thailand |
283.9 |
4.0% |
|
South Korea |
281.3 |
3.9% |
|
Bangladesh |
265.3 |
3.7% |
|
Taiwan |
232.1 |
3.2% |
|
Australia |
227.4 |
3.2% |
|
Spain |
220.7 |
3.1% |
|
Other Countries |
1355.5 |
18.9% |
|
Total |
7178.8 |
100 % |
On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 7.3 billion during May, up by 32% YoY.
Compared to April, the Kingdom's imports of chemical and industry-related products increased by 24%, or SAR 1.41 billion.
Last May, the Kingdom's imports of chemical and industry-related products represented 11% of the total imports amounting to SAR 67.67 billion.
|
Kingdom Imports Of Chemical and Industry-Related Products |
||||
|
Month |
Imports 2022 |
Imports 2023 |
Change |
Percentage of total |
|
January |
5538.9 |
6039.8 |
9% |
9% |
|
February |
6048.7 |
5706.2 |
(5%) |
10% |
|
March |
6843.4 |
6620.5 |
(3%) |
10% |
|
April |
5479.1 |
5885.2 |
7 % |
10% |
|
May* |
5524.2 |
7303.0 |
32 % |
11% |
|
June |
6278.4 |
-- |
-- |
-- |
|
July |
5488.9 |
-- |
-- |
-- |
|
August |
6621.9 |
-- |
-- |
-- |
|
September |
5552.5 |
-- |
-- |
-- |
|
October |
6044.1 |
-- |
-- |
-- |
|
November |
5660.1 |
-- |
-- |
-- |
|
December |
5641.5 |
-- |
-- |
-- |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}