Jeddah Islamic Port
Saudi Arabia’s merchandise imports increased 13% year-on-year (YoY) to almost SAR 75.2 billion in July 2024, according to data issued by the General Authority for Statistics (GASTAT).
Saudi merchandise imports scored a record high during July, according to GASTAT that started recording data in 2017.
For more details on merchandise imports from Argaam Tools
Meanwhile, merchandise imports jumped 9%, or SAR 6.1 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 |
2.88+ |
+5% |
|
May |
68.44 |
75.02 |
6.58+ |
+10% |
|
June |
60.80 |
69.14 |
8.34+ |
+14% |
|
July |
66.79 |
75.23 |
8.43+ |
+13% |
|
August |
67.44 |
-- |
-- |
-- |
|
September |
60.75 |
-- |
-- |
-- |
|
October |
74.87 |
-- |
-- |
-- |
|
November |
64.66 |
-- |
-- |
-- |
|
December |
62.20 |
-- |
-- |
-- |
Imports of machinery, mechanical appliances, electrical equipment, and their parts accounted for 27%, or SAR 20 billion, of the total Saudi imports in July.
Vehicles, aircraft, vessels, and associated transport equipment came second at 15%.
The table below shows details of Saudi imports in July by segment:
|
Saudi Imports Value in July (SAR bln) |
||||
|
Segment |
July 2023 |
July 2024 |
Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
14.87 |
19.95 |
+5.08 |
+34% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
10.66 |
11.01 |
+0.35 |
+3% |
|
Base Metals and Articles of Base Metals |
5.71 |
7.67 |
+1.96 |
+34% |
|
Products of the Chemical or Allied Industries |
6.47 |
7.59 |
+1.12 |
+17% |
|
Mineral Products |
3.80 |
4.32 |
+0.52 |
+14% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
3.04 |
3.16 |
+0.12 |
+4% |
|
Vegetable Products |
3.18 |
3.06 |
(0.12) |
(4%) |
|
Plastics and Articles Thereof; Rubber and Articles Thereo |
2.52 |
2.80 |
+0.28 |
+11% |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
3.66 |
2.43 |
(1.23) |
(34%) |
|
Live animals and animal products |
2.03 |
2.33 |
+0.30 |
+15% |
|
others |
10.84 |
10.90 |
+0.06 |
+1% |
|
Total |
66.79 |
75.23 |
+8.43 |
+13% |
Saudi Arabia’s imports came mainly from China in July, valued at SAR 19.1 billion, or 25% of the total.
The US and the Germany followed with SAR 5.4 billion and SAR 3.8 billion, respectively. The UAE came fourth with SAR 3.6 billion.
The top 10 exporters to the Kingdom accounted for almost 62%, or SAR 46.5 billion, of the total imports in June, as shown below:
|
Top 10 Exporters to Saudi Arabia in July 2024 (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
19.1 |
25.4% |
|
US |
5.4 |
7.2% |
|
Germany |
3.8 |
5.1% |
|
UAE |
3.6 |
4.8% |
|
India |
3.6 |
4.7% |
|
Italy |
2.7 |
3.5% |
|
Japan |
2.6 |
3.4% |
|
South Korea |
2.1 |
2.8% |
|
Egypt |
1.8 |
2.4% |
|
France |
1.8 |
2.3% |
|
Other Countries |
28.7 |
38.2% |
|
Total |
75.2 |
100.0% |
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