Saudi Arabia's exports of chemical industry and related products fell by 4% year-on-year (YoY) to nearly SAR 6.8 billion in October.
Compared to September 2024, the chemical exports decreased by SAR 49.7 million, or 1%.
The exports of chemical industry and related products represented 27% of October’s SAR 25.4 billion non-oil exports, as shown in the following table:
|
Exports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil exports (%) |
|
January |
7035.2 |
5479.7 |
(22%) |
23% |
|
February |
6933.6 |
5510.5 |
(21%) |
24% |
|
March |
7512.2 |
6754.7 |
(10%) |
29% |
|
April |
6673.1 |
5824.6 |
(13%) |
26% |
|
May |
7340.2 |
6885.9 |
(6%) |
24% |
|
June |
5762.8 |
6188.8 |
7% |
27% |
|
July |
6457.6 |
6541.7 |
1% |
26% |
|
August |
6479.1 |
7164.0 |
11% |
26% |
|
September |
6295.2 |
6851.1 |
9% |
25% |
|
October |
7063.6 |
6801.4 |
(4%) |
27% |
|
November |
6680.4 |
-- |
-- |
-- |
|
December |
8564.6 |
-- |
-- |
-- |
*Data is periodically updated
India topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.3 billion, accounting for 20% of the total exports of chemical products in September. China followed with 12%, as shown in the table below:
|
Major Importers from Saudi Arabia in October (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical exports |
|
India |
1347.6 |
19.8% |
|
China |
826.3 |
12.1% |
|
UAE |
503.8 |
7.4% |
|
US |
451.9 |
6.6% |
|
Singapore |
436.9 |
6.4% |
|
Belgium |
413.4 |
6.1% |
|
Oman |
321.8 |
4.7% |
|
Bangladesh |
233.5 |
3.4% |
|
Turkey |
208.4 |
3.1% |
|
Brazil |
163.5 |
2.4% |
|
Other countries |
1894.4 |
27.9% |
|
Total |
6801.4 |
100.0% |
Saudi Arabia’s imports of chemical industry and related products reached SAR 6.54 billion in October, rising 5% YoY.
Chemical imports accounted for 9% of the total imports of SAR 72 billion, as shown in the following table:
|
Imports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil imports (%) |
|
January |
6040.3 |
6176.6 |
2 % |
9% |
|
February |
5706.2 |
5834.8 |
2 % |
9% |
|
March |
6571.4 |
6663.7 |
1 % |
10% |
|
April |
5408.4 |
6029.9 |
11 % |
10% |
|
May |
7271.8 |
6918.0 |
(5%) |
10% |
|
June |
5590.6 |
5807.3 |
4 % |
10% |
|
July |
6474.3 |
7594.5 |
17 % |
10% |
|
August |
6122.7 |
6466.8 |
6 % |
9% |
|
September |
5223.5 |
7250.8 |
39 % |
10% |
|
October |
6210.2 |
6536.6 |
5 % |
9% |
|
November |
5889.4 |
-- |
-- |
-- |
|
December |
4822.9 |
-- |
-- |
-- |
*Data is periodically updated
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