Jeddah Islamic Port
Saudi Arabia’s merchandise imports grew by 6% year-on-year (YoY) to almost SAR 201.1 billion in Q1 2024, 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 0.3%, or nearly SAR 650.2 million.
|
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 |
188.95 |
+20% |
|
Q2 |
190.35 |
+9% |
|
Q3 |
194.99 |
+7% |
|
Q4 |
201.73 |
+3% |
|
Q1 2024 |
201.08 |
+6% |
Machinery and mechanical appliances, electrical equipment, and parts thereof dominated 23% of total imports. Vehicles, aircraft, vessels, and associated transport equipment came in second with 13%.
|
Saudi Imports Value in Q1 2024 (SAR bln) |
||||
|
Segment |
Q1 2023 |
Q1 2024 |
Change |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof |
40.09 |
45.63 |
+5.54 |
+14% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
26.78 |
26.17 |
(0.61) |
(2%) |
|
Products of Chemical or Allied Industries |
18.27 |
18.63 |
+0.36 |
+2% |
|
Base Metals and Articles of Base Metals |
16.63 |
18.21 |
+1.58 |
+10% |
|
Mineral Products |
13.74 |
14.22 |
+0.49 |
+4% |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals |
6.22 |
11.68 |
+5.46 |
+88% |
|
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes |
9.53 |
10.04 |
+0.51 |
+5% |
|
Vegetable Products |
11.00 |
9.72 |
(1.28) |
(12%) |
|
Live Animals and Animal Products |
6.27 |
7.19 |
+0.92 |
+15% |
|
Textile products |
7.00 |
6.92 |
(0.07) |
(1%) |
|
Others |
33.43 |
32.67 |
(0.77) |
(2%) |
|
Total |
188.95 |
201.08 |
+12.13 |
+6% |
China topped the Kingdom's list of exporting countries with SAR 41.9 billion, accounting for 21% of total imports in Q1 2024. The US and the UAE followed, at 8% and 7%, respectively.
|
Top 10 Exporters to Saudi Arabia in Q1 2024 (SAR bln) |
||
|
Countries |
Value |
% of Total |
|
China |
41.9 |
20.9% |
|
US |
16.2 |
8.1% |
|
UAE |
13.6 |
6.8% |
|
India |
13.1 |
6.5% |
|
Egypt |
8.2 |
4.1% |
|
Switzerland |
7.8 |
3.9% |
|
Germany |
7.5 |
3.7% |
|
Japan |
6.9 |
3.5% |
|
Italy |
6.1 |
3.1% |
|
South Korea |
6.0 |
3.0% |
|
Other Countries |
73.6 |
36.6% |
|
Total |
201.1 |
100.0% |
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