Jeddah Islamic Port
Saudi Arabia’s merchandise imports surged by 17% year-on-year (YoY) in December 2022 to SAR 62.2 billion, according to data issued by the General Authority for Statistics (GASTAT).
Imports fell by SAR 2.42 billion, or 4%, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports* (SAR mln) |
||||
|
Month |
2021 |
2022 |
Value |
YoY Change (%) |
|
January |
48051 |
52458 |
+ 4407 |
+ 9 % |
|
February |
41041 |
49132 |
+ 8091 |
+ 20 % |
|
March |
50300 |
55961 |
+ 5661 |
+ 11 % |
|
April |
49703 |
56372 |
+ 6669 |
+ 13 % |
|
May |
44214 |
54838 |
+ 10624 |
+ 24 % |
|
June |
46507 |
61663 |
+ 15156 |
+ 33 % |
|
July |
46600 |
57596 |
+ 10996 |
+ 24 % |
|
August |
50830 |
63790 |
+ 12960 |
+ 25 % |
|
September |
47327 |
61131 |
+ 13804 |
+ 29 % |
|
October |
45852 |
66242 |
+ 20390 |
+ 44 % |
|
November |
49559 |
64606 |
+ 15047 |
+ 30 % |
|
December |
53203 |
62184 |
+ 8981 |
+ 17 % |
*Data is periodically updated.
The YoY increase in the Kingdom’s imports in December 2022 was driven by a SAR 2.61 billion, or 33%, rise in its vehicles, aircraft, vessels and associated transport equipment. Alongside further gains in imports of several other segments, machinery and mechanical appliances; electrical equipment; parts thereof added SAR 2.48 billion, or 21%, YoY.
|
Saudi Imports Value in December 2022 (SAR mln) |
||||
|
Product |
December 2021 |
December 2022 |
Change Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
11594.7 |
14078.3 |
+2,483.6 |
+21% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
7939.1 |
10553.0 |
+2,613.8 |
+33% |
|
Base Metals and Articles of Base Metal |
5687.6 |
6075.7 |
+388.1 |
+7% |
|
Products of the Chemical or Allied Industries |
5298.0 |
5609.3 |
+311.3 |
+6% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
2576.5 |
3390.9 |
+814.4 |
+32% |
|
Mineral Products |
2941.3 |
3214.2 |
+273.0 |
+9% |
|
Vegetable Products |
2355.4 |
3042.6 |
+687.1 |
+29% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
1783.3 |
2146.7 |
+363.4 |
+20% |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
2056.0 |
2097.3 |
+41.3 |
+2% |
|
Textiles and Textile Articles |
1769.8 |
2019.5 |
+249.6 |
+14% |
|
Other |
9200.8 |
9956.4 |
+755.6 |
+8% |
|
Total |
53202.5 |
62183.8 |
+8,981.3 |
+17% |
China topped the list of major exporters to the Kingdom with SAR 13.7 billion, accounting for 22% of the total value of imports in December.
The US and the UAE took the second and third positions, at 10% and 7%, respectively.
The top 10 exporters to Saudi Arabia accounted for 64.6%, or SAR 40.2 billion, of the Kingdom's total imports in December.
|
Top 10 Exporters to Saudi Arabia in December 2022 (SAR mln) |
|||
|
Country |
December 2021 |
December 2022 |
Change (%) |
|
China |
11,144.3 |
13,709.8 |
+23% |
|
US |
6,059.9 |
6,376.0 |
+5 % |
|
UAE |
3,455.7 |
4,385.8 |
+27 % |
|
India |
2,972.1 |
3,534.7 |
+19 % |
|
Germany |
2,565.1 |
2,977.8 |
+16 % |
|
Japan |
1,792.2 |
2,529.5 |
+41 % |
|
South Korea |
1,362.3 |
1,893.7 |
+39 % |
|
Italy |
1,449.8 |
1,717.2 |
+18 % |
|
France |
1,234.9 |
1,678.4 |
+36 % |
|
UK |
1,128.7 |
1,390.3 |
+23 % |
|
Other countries |
20,037.4 |
21,990.7 |
+10 % |
|
Total |
53,202.5 |
62,183.8 |
+17 % |
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