A Saudi Port
Saudi Arabia’s merchandise imports grew by 10% year-on-year (YoY) to almost SAR 61.8 billion in March, according to data issued by the General Authority for Statistics (GASTAT).
Imports climbed by 9%, or nearly SAR 4.9 billion, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports* (SAR mln) |
||||
|
Month |
2022 |
2023 |
Value |
YoY Change (%) |
|
January |
52351 |
67687 |
+15336 |
+29% |
|
February |
49266 |
56933 |
+7667 |
+16% |
|
March |
56288 |
61788 |
+5500 |
+10% |
|
April |
57324 |
-- |
-- |
-- |
|
May |
55959 |
-- |
-- |
-- |
|
June |
62071 |
-- |
-- |
-- |
|
July |
57556 |
-- |
-- |
-- |
|
August |
63797 |
-- |
-- |
-- |
|
September |
61459 |
-- |
-- |
-- |
|
October |
66275 |
-- |
-- |
-- |
|
November |
64754 |
-- |
-- |
-- |
|
December |
64939 |
-- |
-- |
-- |
*Data is updated periodically.
Saudi Merchandize Imports (SAR bln)
Imports of machinery and mechanical appliances, electrical equipment and parts thereof topped imports in March, representing 20% of the total Saudi imports. It was followed by vehicles, aircraft, vessels and associated transport equipment, making up 18%.
The table below shows details of Saudi imports in March by segment:
|
Saudi Imports Value in March (SAR mln) |
||||
|
Segment |
March 2022 |
March 2023 |
Value |
Change |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
10716.9 |
12279.8 |
+1562.9 |
+15% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
8611.4 |
10845.9 |
+2234.5 |
+26% |
|
Products of the Chemical or Allied Industries |
6964.8 |
6291.8 |
(673.0) |
(10%) |
|
Base Metals and Articles of Base Metal |
5289.0 |
4584.0 |
(705.0) |
(13%) |
|
Mineral Products |
3321.8 |
4485.4 |
+1163.5 |
+35% |
|
Vegetable Products |
3611.1 |
3248.1 |
(363.1) |
(10%) |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
2590.8 |
2944.7 |
+353.9 |
+14% |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
1626.5 |
2437.0 |
+810.6 |
+50% |
|
Textile Products |
2253.2 |
2381.8 |
+128.6 |
+6% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2065.1 |
2253.9 |
+188.8 |
+9% |
|
Others |
9237.3 |
10035.6 |
+798.3 |
+9% |
|
Total |
56287.9 |
61788.0 |
+5500.0 |
+10% |
China topped the Kingdom's importers, with approximately SAR 11.7 billion, accounting for 19% of the total in March.
The US and UAE took the second and third positions, at 9% and 6%, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 59.7%, or SAR 36.9 billion, of the Kingdom's total imports in March, as shown below:
|
Top 10 Exporters to Saudi Arabia in March (SAR mln) |
|||
|
Country |
March 2022 |
March 2023 |
Change |
|
China |
11314.6 |
11740.4 |
+4% |
|
US |
4315.9 |
5436.1 |
+26% |
|
UAE |
3829.1 |
3840.8 |
+0.3% |
|
India |
3305.6 |
3296.8 |
(0.3%) |
|
Germany |
2244.3 |
2814.3 |
+25% |
|
Japan |
2165.9 |
2699.9 |
+25% |
|
Singapore |
748.6 |
2132.7 |
+185% |
|
Italy |
1754.2 |
1731.2 |
(1%) |
|
Switzerland |
935.1 |
1603.8 |
+72% |
|
Bahrain |
966.3 |
1603.5 |
+66% |
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