Jeddah Islamic Port
Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).
For more details on merchandise imports from Argaam Tools
Meanwhile, merchandise imports declined 22%, or nearly SAR 16.7 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 |
73.59 |
+6.90 |
+10% |
|
April |
61.12 |
63.99 |
+2.87 |
+5% |
|
May |
68.44 |
74.43 |
+5.99 |
+9% |
|
June |
60.80 |
57.72 |
(3.08) |
(5%) |
|
July |
66.79 |
-- |
-- |
-- |
|
August |
67.44 |
-- |
-- |
-- |
|
September |
60.75 |
-- |
-- |
-- |
|
October |
74.87 |
-- |
-- |
-- |
|
November |
64.66 |
-- |
-- |
-- |
|
December |
62.20 |
-- |
-- |
-- |
Imports of machinery and mechanical appliances; electrical equipment, and their parts accounted for 25%, or SAR 14.3 billion, of the total Saudi imports in June.
Vehicles, aircraft, vessels, and associated transport equipment came second at 11%.
The table below shows details of Saudi imports in June by segment:
|
Saudi Imports Value in June (SAR bln) |
||||
|
Segment |
June 2023 |
June 2024 |
Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
12.20 |
14.25 |
+2.06 |
+17% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
8.56 |
6.34 |
(2.22) |
(26%) |
|
Products of the Chemical or Allied Industries |
5.52 |
5.51 |
(0.01) |
(0.2%) |
|
Base Metals and Articles of Base Metal |
4.99 |
5.41 |
+0.41 |
+8% |
|
Mineral Products |
6.32 |
5.10 |
(1.22) |
(19%) |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
3.00 |
3.59 |
+0.59 |
+20% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
3.18 |
2.60 |
(0.58) |
(18%) |
|
Live animals and animal products |
2.28 |
2.41 |
+0.13 |
+6% |
|
Vegetable Products |
3.13 |
2.41 |
(0.73) |
(23%) |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2.09 |
1.96 |
(0.13) |
(6%) |
|
Others |
9.52 |
8.13 |
(1.39) |
(15%) |
|
Total |
60.80 |
57.72 |
(3.08) |
(5%) |
Saudi Arabia’s imports came mainly from China in June, valued at SAR 12.1 billion, or 21% of the total.
The US and the UAE followed with SAR 4.5 billion and SAR 4.02 billion, respectively.
The top 10 exporters to the Kingdom accounted for almost 64%, or SAR 36.7 billion, of the total imports in June, as shown below:
|
Top 10 Exporters to Saudi Arabia in June 2024 (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
12.08 |
20.9% |
|
US |
4.47 |
7.7% |
|
UAE |
4.02 |
7.0% |
|
India |
3.55 |
6.2% |
|
Egypt |
3.00 |
5.2% |
|
Germany |
2.48 |
4.3% |
|
Switzerland |
2.30 |
4.0% |
|
Italy |
2.06 |
3.6% |
|
South Korea |
1.41 |
2.4% |
|
France |
1.32 |
2.3% |
|
Other Countries |
21.01 |
36.4% |
|
Total |
57.72 |
100.0% |
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