A Saudi port
Saudi Arabia’s merchandise imports increased 20% year-on-year (YoY) to almost SAR 68.9 billion in July, according to data issued by the General Authority for Statistics (GASTAT).
Imports also rose 7% month-on-month (MoM), or by about SAR 4.31 billion, as shown below:
Saudi Merchandise Imports* (SAR bln) |
||||
Month |
2022 |
2023 |
Value |
Change |
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 |
58.31 |
0.99 |
2% |
May |
55.96 |
69.54 |
13.58 |
24% |
June |
62.07 |
64.59 |
2.52 |
4% |
July |
57.56 |
68.90 |
11.34 |
20% |
August |
63.80 |
-- |
-- |
-- |
September |
61.46 |
-- |
-- |
-- |
October |
66.28 |
-- |
-- |
-- |
November |
64.75 |
-- |
-- |
-- |
December |
64.94 |
-- |
-- |
-- |
Machinery and mechanical appliances, electrical equipment and parts thereof topped imports in July, representing 21% (or SAR 14.8 billion) of the total Saudi imports. Vehicles, aircraft, vessels, and associated transport equipment accounted for 18%.
The table below shows details of Saudi imports by segment in July:
Saudi Imports by segment in July (SAR mln) |
||||
Segment |
July 2022 |
July 2023 |
Change Value |
Change (%) |
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
9818.4 |
14772.6 |
+4954.1 |
+50% |
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
7229.2 |
12732.4 |
+5503.2 |
+76% |
Products of the Chemical or Allied Industries |
5450.2 |
6500.7 |
+1050.5 |
+19% |
Base Metals and Articles of Base Metals |
5337.6 |
5626.6 |
+288.9 |
+5% |
Mineral Products |
6639.6 |
3887.3 |
(2752.3) |
(41%) |
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
3319.8 |
3660.3 |
+340.4 |
+10% |
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes |
2677.0 |
2997.8 |
+320.8 |
+12% |
Vegetable Products |
3202.1 |
2743.9 |
(458.2) |
(14%) |
Plastics and Articles thereof; Rubber and Articles thereof |
2211.7 |
2500.5 |
+288.8 |
+13% |
Instruments and Apparatus for Optics or Photography, Instruments and Apparatus for Medicine or Surgery, etc |
1617.9 |
2138.4 |
+520.5 |
+32% |
Others |
10052.0 |
11343.5 |
+1291.5 |
+13% |
Total |
57555.6 |
68904.0 |
+11348.4 |
+20% |
China topped the Kingdom's list of exporting countries with SAR 13.9 billion, accounting for 20% of the total value of imports in July. The US and UAE followed, with SAR 6.01 billion and SAR 4.27 billion, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 61%, or SAR 42.1 billion, of the Kingdom's total imports in July, as shown below:
Top 10 Exporters to Saudi Arabia in July (SAR bln) |
||
Country |
Value |
% of Imports |
China |
13.92 |
20.2% |
US |
6.01 |
8.7% |
UAE |
4.27 |
6.2% |
India |
3.95 |
5.7% |
Germany |
2.87 |
4.2% |
Switzerland |
2.75 |
4.0% |
Japan |
2.70 |
3.9% |
South Korea |
2.18 |
3.2% |
Italy |
1.92 |
2.8% |
Thailand |
1.48 |
2.2% |
Other Countries |
26.85 |
39.0% |
Total |
68.90 |
100.0% |
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