Jeddah Islamic Port
Saudi Arabia’s merchandise imports grew by 3% year-on-year (YoY) to almost SAR 201.4 billion in Q4 2023, according to data issued by the General Authority for Statistics (GASTAT).
For more details about Saudi imports and exports on Argaam Tools
On a quarterly basis, merchandise imports fell by 1%, or nearly SAR 1.9 billion.
|
Saudi Merchandise Imports Since 2017 |
||
|
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 |
203.29 |
+9% |
|
Q4 |
201.41 |
+3% |
*Data is periodically updated.
Total Imports (Billion SAR)
The YoY increase in the Kingdom’s Q4 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 dominated 23% and 19%, respectively, of the total.
|
Saudi Imports Value in Q4 2023 (SAR bln) |
||||
|
Segment |
Q4 2022 |
Q4 2023 |
Change |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof |
39.88 |
46.29 |
+6.42 |
+16% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
34.60 |
37.27 |
+2.66 |
+8% |
|
Base Metals and Articles of Base Metals |
18.47 |
17.71 |
(0.76) |
(4%) |
|
Products of Chemical or Allied Industries |
17.44 |
16.83 |
(0.62) |
(4%) |
|
Mineral Products |
12.89 |
14.56 |
+1.67 |
+13% |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals |
7.23 |
8.65 |
+1.42 |
+20% |
|
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes |
9.34 |
8.45 |
(0.89) |
(9%) |
|
Vegetable Products |
12.60 |
8.34 |
(4.26) |
(34%) |
|
Live Animals and Animal Products |
5.95 |
6.46 |
+0.51 |
+9% |
|
Optic Tools and Devices, Photography, Cinematography, etc. |
5.23 |
6.24 |
+1.01 |
+19% |
|
Others |
32.33 |
30.61 |
(1.72) |
(5%) |
|
Total |
195.97 |
201.41 |
+5.44 |
+3% |
China topped the Kingdom's list of exporting countries with SAR 44.3 billion, accounting for 22% of total imports in Q4 2023.
The US and the UAE followed, at 10% and 7%, respectively.
|
Top 10 Exporters to Saudi Arabia in Q4 2023 (SAR bln) |
||
|
Country |
Value |
Ratio to Total |
|
China |
44.26 |
22.0% |
|
US |
19.35 |
9.6% |
|
UAE |
14.38 |
7.1% |
|
India |
10.94 |
5.4% |
|
Germany |
8.26 |
4.1% |
|
Japan |
7.64 |
3.8% |
|
Switzerland |
6.19 |
3.1% |
|
Egypt |
5.64 |
2.8% |
|
Italy |
5.58 |
2.8% |
|
UK |
5.21 |
2.6% |
|
Other Countries |
73.97 |
36.7% |
|
Total |
201.41 |
100.0% |
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