King Abdulaziz Port in Dammam
Saudi Arabia’s merchandise imports increased 3% year-on-year (YoY) to almost SAR 70.3 billion, according to data issued by the General Authority for Statistics (GASTAT).
For more details on merchandise imports from Argaam Tools
Meanwhile, merchandise imports rose 11%, or nearly SAR 6.7 billion, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports (SAR bln)* |
||||
|
Month |
2023 |
2024 |
Value |
YoY Change (%) |
|
January |
66.07 |
67.04 |
+0.97 |
+1% |
|
February |
56.20 |
67.14 |
+10.95 |
+19% |
|
March |
66.69 |
72.99 |
+6.90 |
+10% |
|
April |
61.12 |
60.30 |
+2.42 |
+4% |
|
May |
68.44 |
70.25 |
+1.81 |
+3% |
|
June |
60.80 |
-- |
-- |
-- |
|
July |
66.79 |
-- |
-- |
-- |
|
August |
67.44 |
-- |
-- |
-- |
|
September |
60.75 |
-- |
-- |
-- |
|
October |
74.87 |
-- |
-- |
-- |
|
November |
64.66 |
-- |
-- |
-- |
|
December |
62.20 |
-- |
-- |
-- |
*Data is updated periodically.
Imports of machinery and mechanical appliances; electrical equipment, and their parts accounted for 26.7%, or SAR 18.8 billion, of the total Saudi imports in May.
Vehicles, aircraft, vessels, and associated transport equipment came second at 12.9%.
The table below shows details of Saudi imports in May by segment:
Saudi Imports Value in May (SAR mln)
|
Segment |
May 2023 |
May 2024 |
Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
15349.1 |
18777.4 |
+3428.3 |
+22% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
10756.4 |
9047.6 |
(1708.7) |
(16%) |
|
Products of the Chemical or Allied Industries |
7271.8 |
6918.0 |
(353.8) |
(5%) |
|
Base Metals and Articles of Base Metal |
5992.1 |
5842.7 |
(149.4) |
(2%) |
|
Mineral Products |
5046.4 |
3730.5 |
(1315.9) |
(26%) |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
3593.0 |
3541.1 |
(51.9) |
(1%) |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
3014.7 |
3091.7 |
+77.0 |
+3% |
|
Vegetable Products |
3008.9 |
2960.0 |
(48.9) |
(2%) |
|
Live animals and animal products |
2112.4 |
2653.0 |
+540.6 |
(26%) |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2600.0 |
2568.6 |
(31.4) |
(1%) |
|
Others |
9692.7 |
11114.6 |
+1421.9 |
15% |
|
Total |
68437.5 |
70245.2 |
+1807.7 |
3% |
Saudi Arabia’s imports came mainly from China in May, valued at SAR 17.56 billion or 25% of the total.
The US and the UAE followed with SAR 6.56 billion and SAR 4.54 billion, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 66%, or SAR 46.6 billion, of the total imports in May, as shown below:
|
Top 10 Exporters to Saudi Arabia in May 2024 (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
17.56 |
25% |
|
US |
6.56 |
9.3% |
|
UAE |
4.54 |
6.5% |
|
India |
3.54 |
5.0% |
|
Germany |
3.21 |
4.6% |
|
Egypt |
2.69 |
3.8% |
|
Italy |
2.40 |
3.4% |
|
Switzerland |
2.37 |
3.4% |
|
Japan |
1.99 |
2.8% |
|
UK |
1.73 |
2.5% |
|
Other Countries |
23.65 |
33.7% |
|
Total |
70.25 |
100.0% |
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