Jeddah Islamic Port
Saudi Arabia’s merchandise imports rose 1% year-on-year (YoY) to almost SAR 67.4 billion, according to data issued by the General Authority for Statistics (GASTAT).
For more details on merchandise imports from Argaam Tools
Meanwhile, merchandise imports increased 1%, or nearly SAR 673.8 million, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports (SAR bln)* |
||||
|
Month |
2023 |
2024 |
Value |
YoY Change (%) |
|
January |
67.69 |
67.04 |
+0.97 |
+1% |
|
February |
57.31 |
66.68 |
+10.48 |
+19% |
|
March |
69.04 |
67.36 |
+0.67 |
+1% |
|
April |
58.31 |
-- |
-- |
-- |
|
May |
69.54 |
-- |
-- |
-- |
|
June |
64.77 |
-- |
-- |
-- |
|
July |
70.20 |
-- |
-- |
-- |
|
August |
70.18 |
-- |
-- |
-- |
|
September |
62.91 |
-- |
-- |
-- |
|
October |
73.90 |
-- |
-- |
-- |
|
November |
67.15 |
-- |
-- |
-- |
|
December |
60.35 |
-- |
-- |
-- |
Imports of machinery and mechanical appliances; electrical equipment, and their parts topped in March, representing 24%, or SAR 16.2 billion, of the total Saudi imports.
Vehicles, aircraft, vessels, and associated transport equipment came second at 14%.
|
Saudi Imports Value in March (SAR mln) |
||||
|
Segment |
March 2023 |
March 2024 |
Value |
Change |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
13368.3 |
16226.0 |
+2857.7 |
+21% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
9628.2 |
9519.7 |
(108.5) |
(1%) |
|
Products of the Chemical or Allied Industries |
6571.4 |
6607.6 |
+36.2 |
+1% |
|
Base Metals and Articles of Base Metal |
5632.2 |
5909.1 |
+277.0 |
+5% |
|
Mineral Products |
5535.4 |
3794.0 |
(1741.5) |
(31%) |
|
Vegetable Products |
4108.1 |
3341.2 |
(766.9) |
(19%) |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
3357.9 |
3274.1 |
(83.8) |
(2%) |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
2496.5 |
2600.7 |
+104.1 |
+4% |
|
Live animals and animal products |
2153.4 |
2423.8 |
+270.4 |
+13% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2479.2 |
2340.7 |
(138.6) |
(6%) |
|
Others |
11355.6 |
11321.5 |
(34.1) |
(0.3%) |
|
Total |
66686.3 |
67358.3 |
+672.0 |
+1% |
Saudi Arabia’s imports came mainly from China in March, valued at SAR 14.3 billion or 21% of the total.
The US and the UAE followed with SAR 5.9 billion and SAR 4.7 billion, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 63%, or SAR 42.3 billion, of the total imports in March, as shown below:
|
Top 10 Exporters to Saudi Arabia in March 2024 (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
14.27 |
21.2% |
|
US |
5.88 |
8.7% |
|
UAE |
4.68 |
6.9% |
|
India |
3.93 |
5.8% |
|
Germany |
2.94 |
4.4% |
|
Italy |
2.28 |
3.4% |
|
Egypt |
2.25 |
3.3% |
|
Japan |
2.17 |
3.2% |
|
Switzerland |
1.98 |
2.9% |
|
UK |
1.98 |
2.9% |
|
Other Countries |
25.02 |
37.1% |
|
Total |
67.36 |
100.0% |
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