A Saudi Port
Saudi Arabia’s merchandise imports grew by nearly 21% year-on-year (YoY) in May 2023 to SAR 67.7 billion, according to data issued by the General Authority for Statistics (GASTAT).
Meanwhile, Saudi imports rose by 17%, or about SAR 9.8 billion, in May 2023 compared to April 2023.
|
Saudi Merchandise Imports (SAR mln) |
||||
|
Month |
2022 |
2023 |
Variation |
Value |
|
January |
52.35 |
67.69 |
15.34 |
29% |
|
February |
49.27 |
57.31 |
8.05 |
16 % |
|
March |
56.29 |
69.04 |
12.75 |
23% |
|
April |
57.32 |
57.88 |
0.57 |
1% |
|
May |
55.96 |
67.67 |
11.71 |
21% |
|
June |
62.07 |
-- |
-- |
-- |
|
July |
57.56 |
-- |
-- |
-- |
|
August |
63.80 |
-- |
-- |
-- |
|
September |
61.46 |
-- |
-- |
-- |
|
October |
66.28 |
-- |
-- |
-- |
|
November |
64.75 |
-- |
-- |
-- |
|
December |
64.94 |
-- |
-- |
-- |
Machinery, automatic devices, electrical equipment, and their parts topped Saudi Arabia’s imports during May 2023, with a value of SAR 15 billion, followed by vehicles, aircraft, ships, and similar transport equipment, with a value of SAR 11.4 billion.
|
Imports in May 2023 by Cateogry (SAR mln) |
||||
|
Category |
May 2022 |
May 2023 |
Variation Value |
Variation Ratio |
|
Machinery and mechanical devices; electrical equipment; their parts |
10599.0 |
15026.4 |
+4427.4 |
+42% |
|
Vehicles, aircraft, steamships, and similar transport equipment |
6942.8 |
11424.7 |
+4481.8 |
+65% |
|
Chemical industry and related products |
5524.2 |
7303.0 |
+1778.8 |
+32% |
|
Base metals and related products |
5209.4 |
5651.4 |
+442.0 |
+8% |
|
Metal products |
5636.0 |
4788.3 |
(847.7) |
(15%) |
|
Natural or cultured pearls, génuine or semi-genuine stones |
3305.0 |
3708.4 |
+403.4 |
+12% |
|
Vegan products |
2779.8 |
3005.3 |
+225.5 |
+8% |
|
Food industry products; beverages; alcohol and vinegar; tobacco and manufactured tobacco substitutes |
2949.8 |
2906.0 |
(43.9) |
(1%) |
|
Plastic and related products; rubber and related products |
2190.1 |
2579.8 |
+389.8 |
+18% |
|
Alive animals and animal products |
2101.6 |
2121.1 |
+19.5 |
+1% |
|
Other |
8721.2 |
9157.4 |
+436.2 |
+5% |
|
Total |
55959.0 |
67671.7 |
+11712.8 |
+21% |
China topped the Kingdom's list of countries for imports, amounting to SAR 15.7 billion, accounting for 23% of the total value of imports in May 2023, followed by the USA and UAE at SAR 5.7 billion and SAR 3.7 billion, respectively.
The top 10 countries from which imports were made accounted for about 64% of the total imports, at a value of SAR 43.3 billion, as shown in the following table:
|
Exporters to Saudi Arabia in May 2023 (SAR mln) |
||||
|
Country |
May 2022 |
May 2023 |
Variation |
Percentage of Total Imports |
|
Country |
10326.7 |
15697.3 |
+52% |
23.2% |
|
China |
5186.8 |
5678.9 |
+9% |
8.4% |
|
USA |
3543.8 |
3660.4 |
+3% |
5.4% |
|
UAE |
3200.4 |
3526.5 |
+10% |
5.2% |
|
India |
2219.2 |
3126.4 |
+41% |
4.6% |
|
Germany |
2026.1 |
2998.9 |
+48% |
4.4% |
|
Switzerland |
1595.0 |
2314.4 |
+45% |
3.4% |
|
South Korea |
1901.1 |
2151.9 |
+13% |
3.2% |
|
Japan |
405.0 |
2112.9 |
+422% |
3.1% |
|
United Russia |
1621.9 |
1987.3 |
+23% |
2.9% |
|
Italy |
23933.0 |
24416.8 |
+2% |
36.1% |
|
Other Countries |
55959.0 |
67671.7 |
+21% |
100.0% |
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