Jeddah Islamic Port
Saudi Arabia’s merchandize imports rose by 10% year-over-year (YoY) to SAR 55.2 billion in March, recording their highest monthly value in years, according to data issued by the General Authority for Statistics (GASTAT).
Imports also surged 13% month-on-month (MoM), with an increase of about SAR 6.14 billion.
|
Saudi Merchandize Imports (SAR mln)* |
||||
|
Month |
2021 |
2022 |
Value |
Change |
|
January |
48051 |
52458 |
+4407 |
+9% |
|
February |
41041 |
49087 |
+8046 |
+20% |
|
March |
50300 |
55230 |
+4930 |
+10% |
|
April |
49703 |
-- |
-- |
-- |
|
May |
44214 |
-- |
-- |
-- |
|
June |
46507 |
-- |
-- |
-- |
|
July |
46600 |
-- |
-- |
-- |
|
August |
50830 |
-- |
-- |
-- |
|
September |
47327 |
-- |
-- |
-- |
|
October |
45852 |
-- |
-- |
-- |
|
November |
49559 |
-- |
-- |
-- |
|
December |
53203 |
-- |
-- |
-- |
The increase in the Kingdom’s imports in March was driven by a SAR 1.51 billion rise, or 28%, in its products of the chemical or allied industries. This is in addition to an 83% jump, or SAR 1.39 billion, in base metals and articles of base metals.
|
Saudi Imports Value in March 2022 (SAR mln) |
||||
|
Product |
March 2021 |
March 2022 |
Change value |
Change |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
9753.5 |
10601.2 |
+847.7 |
+9% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
7862.7 |
8590.9 |
+728.1 |
+9% |
|
Products of the Chemical or Allied Industries |
5335.6 |
6843.4 |
+1507.8 |
+28% |
|
Base Metals and Articles of Base Metals |
4312.4 |
5265.3 |
+952.9 |
+22% |
|
Vegetable Products |
3844.7 |
3347.7 |
(497.1) |
(13%) |
|
Metal Products |
1683.5 |
3076.8 |
+1393.2 |
+83% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
2645.3 |
2502.6 |
(142.7) |
(5%) |
|
Textiles and Textile Articles Plastics and Articles Thereof; |
2128.4 |
2240.4 |
+112.0 |
+5% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
1901.8 |
2056.2 |
+154.4 |
+8% |
|
Livestock and Articles Thereof |
1885.5 |
1758.0 |
(127.5) |
(7%) |
|
Other |
8946.5 |
8947.8 |
+1.3 |
+0.01% |
|
Total |
50300.0 |
55230.3 |
+4930.3 |
+10% |
China topped the Kingdom's list of importers, amounting to SAR 1.12 trillion, accounting for 20% of the total value of imports in March.
The US and UAE came in second and third, at 8% and 7%, respectively.
|
Top 10 Exporters to Saudi Arabia in March 2022 (SAR mln) |
|||
|
Country |
March 2021 |
March 2022 |
Change |
|
China |
9223.7 |
11124.1 |
+21% |
|
USA |
4661.0 |
4277.8 |
(8%) |
|
UAE |
4988.9 |
3818.2 |
(23%) |
|
India |
2756.7 |
3016.6 |
+9% |
|
Germany |
2351.1 |
2217.5 |
(6%) |
|
Japan |
2476.2 |
2162.8 |
(13%) |
|
Spain |
905.9 |
1900.9 |
+110% |
|
Italy |
1583.6 |
1734.3 |
+10% |
|
Egypt |
1281.4 |
1690.3 |
+32% |
|
UK |
1326.0 |
1662.3 |
+25% |
|
Other Countries |
18745.40 |
21625.40 |
+15% |
|
Total |
50300.0 |
55230.3 |
+10% |
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