Saudi merchandise imports surge 17% to SAR 62.2 bln in December 2022

28/02/2023 Argaam Special
Jeddah Islamic Port

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

+%

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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