Jeddah Islamic port
Saudi Arabia's exports of chemical industry and related products fell by 36% year-on-year (YoY) to nearly SAR 6.27 billion in September 2023.
Compared to August, the chemicals exports dropped by SAR 213.9 million, or 3%.
The exports of chemical industry and related products represented 30% of September’s non-oil exports, as shown in the following table:
|
Export of Chemical Industry & Related Products (SAR mln) |
||||
|
Month |
2022 |
2023 |
Change (%) |
Chemical products to total non-oil exports (%) |
|
January |
7519.0 |
7035.2 |
(6%) |
31% |
|
February |
8734.6 |
6933.6 |
(20%) |
33% |
|
March |
10339.4 |
7519.9 |
(28%) |
31% |
|
April |
10028.1 |
6673.4 |
(34%) |
35% |
|
May |
9860.4 |
7338.9 |
(27%) |
29% |
|
June |
10523.3 |
5762.8 |
(45%) |
34% |
|
July |
9667.9 |
6314.6 |
(35%) |
30% |
|
August* |
9518.3 |
6479.1 |
(31%) |
26% |
|
September* |
9757.4 |
6265.2 |
(36%) |
30% |
|
October |
10196.8 |
-- |
-- |
-- |
|
November |
8833.9 |
-- |
-- |
-- |
|
December |
8122.0 |
-- |
-- |
-- |
China topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.23 billion, accounting for 19.6% of the total exports of chemical products in June. India and the United States followed with 13.9% and 8.9%, respectively, as shown in the table below:
|
Major Importers from Saudi Arabia in September 2023 (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports |
|
China |
1230.5 |
19.6% |
|
India |
871.6 |
13.9% |
|
US |
560.4 |
8.9% |
|
UAE |
554.2 |
8.8% |
|
Turkey |
292.6 |
4.7% |
|
Brazil |
292.5 |
4.7% |
|
Belgium |
194.8 |
3.1% |
|
South Africa |
179.5 |
2.9% |
|
Pakistan |
152.2 |
2.4% |
|
Bangladesh |
134.2 |
2.1% |
|
South Korea |
123.9 |
2.0% |
|
Japan |
110.8 |
1.8% |
|
Other countries |
1567.9 |
25.0% |
|
Total |
6265.2 |
100% |
On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.24 billion during the month, down 6% YoY.
Compared to August, imports of chemical and industry-related products in September dipped 14% YoY, or by SAR 881.9 billion.
Imports of chemical and industry-related products during September accounted for 8% of the total imports amounting to SAR 60.09 billion.
The following table Saudi Arabia’s imports of chemical products:
|
Saudi Imports of Chemical, Industry-Related Products (SAR mln) |
||||
|
Month |
2022 |
2023 |
Change (%) |
Percentage to total imports |
|
January |
5538.9 |
6039.8 |
+9% |
9% |
|
February |
6048.7 |
5706.2 |
(5%) |
10% |
|
March |
6843.4 |
6620.5 |
(3%) |
10% |
|
April* |
5479.1 |
5885.2 |
+7% |
10% |
|
May |
5524.2 |
7314.6 |
+32% |
11% |
|
June |
6298.4 |
5590.6 |
(11%) |
11% |
|
July |
5450.2 |
6500.7 |
+19% |
9% |
|
August* |
6756.1 |
6122.7 |
(11%) |
9% |
|
September* |
5577.5 |
5240.8 |
(6%) |
8% |
|
October |
6044.1 |
-- |
-- |
-- |
|
November |
5660.1 |
-- |
-- |
-- |
|
December |
5641.5 |
-- |
-- |
-- |
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