Jeddah Islamic Port
Saudi Arabia’s merchandise imports grew by 9% year-on-year (YoY) to almost SAR 200 billion in Q3 2023, according to data issued by the General Authority for Statistics (GASTAT).
On a quarterly basis, merchandise imports grew by 4%, or nearly SAR 7.3 billion.
|
Saudi Merchandise Imports |
||
|
Period |
Value (SAR bln) |
Change YoY |
|
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 |
194.04 |
+23% |
|
Q2 |
192.62 |
+10% |
|
Q3 |
199.95 |
+9% |
*Data is periodically updated.
The YoY increase in the Kingdom’s Q3 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 22% and 18%, respectively, of the total.
|
Saudi Imports Value in Q3 2023 (SAR bln) |
||||
|
Segment |
Q3 2022 |
Q3 2023 |
Change |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof |
34.06 |
43.99 |
+9.93 |
+29% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
23.50 |
36.16 |
+12.66 |
+54% |
|
Products of the Chemical or Allied Industries |
17.78 |
17.89 |
+0.11 |
+1% |
|
Mineral Products |
17.11 |
17.06 |
(0.05) |
(0.3%) |
|
Base Metals and Articles of Base Metals |
17.76 |
13.44 |
(4.32) |
(24%) |
|
Natural or cultured Pearls, Precious or Semi-Precious Stones, Precious Metals |
8.24 |
9.92 |
+1.68 |
+20% |
|
Vegetable Products |
12.73 |
9.41 |
(3.32) |
(26%) |
|
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes |
9.23 |
8.69 |
(0.55) |
(6%) |
|
Plastics and Articles thereof; Rubber and Articles thereof |
6.88 |
6.87 |
(0.01) |
(0.1%) |
|
Live Animals and Animal Products |
6.62 |
6.06 |
(0.56) |
(8%) |
|
Others |
28.89 |
30.46 |
+1.57 |
+5% |
|
Total |
182.81 |
199.95 |
+17.14 |
+9% |
China topped the Kingdom's list of exporting countries with SAR 40.6 billion, accounting for 20% of the total value of imports in Q3 2023.
The US and the UAE followed, at 9% and 6%, respectively.
|
Top 10 Exporters to Saudi Arabia in Q2 2023 (SAR bln) |
||
|
Country |
Value |
Ratio to Total |
|
China |
40.55 |
20.3% |
|
US |
17.87 |
8.9% |
|
UAE |
12.05 |
6.0% |
|
India |
11.05 |
5.5% |
|
Germany |
8.18 |
4.1% |
|
Switzerland |
7.72 |
3.9% |
|
Japan |
7.34 |
3.7% |
|
South Korea |
6.28 |
3.1% |
|
Italy |
5.42 |
2.7% |
|
Russia |
5.26 |
2.6% |
|
Other Countries |
78.24 |
39.1% |
|
Total |
199.95 |
100.0% |
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