Saudi Arabia’s merchandise imports increased 15% year-on-year (YoY) in September to SAR 69.9 billion, according to data issued by the General Authority for Statistics (GASTAT).
Meanwhile, merchandise imports rose 1%, or nearly SAR 436.2 million, 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 |
69.27 |
+8.47 |
+14% |
|
July |
66.79 |
77.92 |
+11.13 |
+17% |
|
August |
67.44 |
69.45 |
+2.01 |
+3% |
|
September |
60.75 |
69.89 |
+9.14 |
+15% |
|
October |
74.87 |
-- |
-- |
-- |
|
November |
64.66 |
-- |
-- |
-- |
|
December |
62.20 |
-- |
-- |
-- |
Imports of machinery and mechanical appliances, electrical equipment, and their parts accounted for 27%, or SAR 19.2 billion, of the total Saudi imports in September.
Vehicles, aircraft, vessels, and associated transport equipment came in second at 16%.
The table below shows details of Saudi imports in September by segment:
|
Saudi Imports Value in September (SAR mln) |
||||
|
Segment |
September 2023 |
September 2024 |
Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
13.0 |
19.2 |
+6.2 |
+47% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
9.3 |
11.3 |
+2.1 |
+22% |
|
Products of the Chemical or Allied Industries |
5.2 |
7.2 |
+2.0 |
+38% |
|
Base Metals and Articles of Base Metal |
5.8 |
6.1 |
+0.3 |
+5% |
|
Mineral Products |
6.1 |
4.2 |
(2.0) |
(32%) |
|
Vegetable Products |
2.7 |
2.7 |
(0.1) |
(2%) |
|
Prepared Foodstuffs; Beverages, Spirits, and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
2.8 |
2.7 |
(0.2) |
(6%) |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2.1 |
2.6 |
+0.6 |
+27% |
|
Optical, Photo, & Film Equipment |
1.8 |
2.1 |
+0.3 |
+19% |
|
Live animals and animal products |
1.9 |
1.9 |
+0.1 |
+3% |
|
Others |
10.0 |
9.8 |
(0.1) |
(1%) |
|
Total |
60.8 |
69.9 |
+9.1 |
+15% |
Saudi Arabia’s imports came mainly from China in September, valued at SAR 18 billion, or 26% of the total. The US followed with SAR 5.4 billion.
The top 10 exporters to Saudi Arabia accounted for 63%, or SAR 44.1 billion, of the total imports in September, as shown below:
|
Top 10 Exporters to Saudi Arabia in September 2024 (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
18.0 |
25.8% |
|
US |
5.4 |
7.7% |
|
Germany |
3.5 |
4.9% |
|
UAE |
3.4 |
4.9% |
|
India |
3.2 |
4.6% |
|
Italy |
2.5 |
3.6% |
|
Japan |
2.3 |
3.3% |
|
Indonesia |
2.1 |
3.0% |
|
Egypt |
2.1 |
3.0% |
|
Russia |
1.6 |
2.3% |
|
Other Countries |
25.8 |
36.8% |
|
Total |
69.9 |
100.0% |
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