Saudi Arabia's exports of chemical products and related materials dropped 6% year-on-year (YoY) to nearly SAR 6.89 billion in May 2024.
Compared to April, chemicals exports rose by 18%, or SAR 1.06 billion.
Chemical products and related materials represented 24% of May's SAR 28.9 billion non-oil exports, as shown in the following table:
|
Exports of Chemical Products & Related Materials (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemicals to total non-oil exports (%) |
|
January |
7,035.2 |
5,479.7 |
(22%) |
23% |
|
February |
6,933.6 |
5,510.5 |
(21%) |
24% |
|
March |
7,512.2 |
6,754.7 |
(10%) |
29% |
|
April |
6,673.1 |
5,824.6 |
(13%) |
26% |
|
May |
7,340.2 |
6,885.9 |
(6%) |
24% |
|
June |
5,762.8 |
-- |
-- |
-- |
|
July |
6,314.6 |
-- |
-- |
-- |
|
August |
6,479.1 |
-- |
-- |
-- |
|
September |
6,297.2 |
-- |
-- |
-- |
|
October |
6,963.4 |
-- |
-- |
-- |
|
November |
6,680.4 |
-- |
-- |
-- |
|
December |
8,564.6 |
-- |
-- |
-- |
*Data is periodically updated.
India was the largest importer of Saudi Arabia's chemical products in May, accounting for about SAR 1.27 billion, or 18.5% of the total. China and the UAE followed with 12.4% and 8.3%, respectively, as shown in the table below:
|
Major Importers from Saudi Arabia in May (SAR mln) |
||
|
Country |
Value |
Percentage to total chemicals exports |
|
India |
1,277.2 |
18.5% |
|
China |
851.8 |
12.4% |
|
UAE |
568.2 |
8.3% |
|
Belgium |
443.1 |
6.4% |
|
US |
394.4 |
5.7% |
|
Thailand |
383.8 |
5.6% |
|
Singapore |
274.4 |
4.0% |
|
Australia |
248.1 |
3.6% |
|
Turkey |
193.6 |
2.8% |
|
Brazil |
181.0 |
2.6% |
|
Pakistan |
173.5 |
2.5% |
|
Bangladesh |
169.8 |
2.5% |
|
Other countries |
1,727.1 |
25.0% |
|
Total |
6,885.9 |
100 % |
Saudi Arabia imported chemical products and related materials worth SAR 6.92 billion in May, down 5% YoY. Meanwhile, the imports rose 15%, or SAR 888.1 million, compared to April.
Chemical products and related materials made up 10% of May’s total imports of SAR 70.3 billion, as shown in the following table:
|
Imports of Chemicals Products & Related Materials (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemicals to total non-oil imports (%) |
|
January |
6,040.3 |
6,176.6 |
2 % |
9% |
|
February |
5,706.2 |
5,834.8 |
2 % |
9% |
|
March |
6,571.4 |
6,663.7 |
1 % |
10% |
|
April |
5,408.4 |
6,029.9 |
10 % |
10% |
|
May |
7,271.8 |
6,918.0 |
(5%) |
10% |
|
June |
5,590.6 |
-- |
-- |
-- |
|
July |
6,500.7 |
-- |
-- |
-- |
|
August |
6,122.7 |
-- |
-- |
-- |
|
September |
5,280.5 |
-- |
-- |
-- |
|
October |
6,114.4 |
-- |
-- |
-- |
|
November |
5,889.4 |
-- |
-- |
-- |
|
December |
4,822.9 |
-- |
-- |
-- |
*Data is periodically updated.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}