Chemical products exports fall 35% in July, imports up 19%

Jeddah Islamic Port

Saudi Arabia's exports of chemical and industry-related products fell by 35% year-on-year (YoY) to nearly SAR 6.31 billion in July.

 

Compared to June, chemicals exports increased by SAR 551.8 million, or 10%.

 

Exports of the chemical industry and related products represented 30% of July’s non-oil exports, which amounted to SAR 21.15 billion, as shown in the following table:

 

Saudi Kingdom’s Exports of Chemicals and Related Products (million SAR)

Month 

Exports 2022

Exports 2023

Change (%)

% of Total Non-oil Exports

Jan.

7519.0

7035.2

(6%)

31%

Feb.

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%

Aug.

9518.3

--

--

--

Sept.

9702.2

--

--

--

Oct.

10196.8

--

--

--

Nov.

8833.9

--

--

--

Dec.

8122.0

--

--

--

*updated.

 

China topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.185 billion, accounting for 18.8% of the total exports of chemical products in July. India and the UAE followed with 17.1% and 5.3%, respectively, as shown in the table below: 

 

Most Important Countries Exported to during July 2023 (million SAR)

Country

Value

% of Total

China

1185.1

18.8%

India

1081.4

17.1%

United Arab Emirates

337.2

5.3%

Singapore

318.2

5.0%

Belgium

303.8

4.8%

United States of America

303.0

4.8%

Thailand

257.5

4.1%

Türkiye

233.6

3.7%

Sultanate of Oman

227.3

3.6%

Brazil

203.7

3.2%

South Korea

189.2

3.0%

Indonesia

160.6

2.5%

Rest of Countries

1514.0

24.0%

Total

6314.6

100 %
 

Meanwhile, Saudi Arabia’s imports of chemical and industry-related products amounted to SAR 6.5 billion during the month, up 19% YoY.

 

Compared to June, imports of chemical and industry-related products rose in July by 16% YoY, or by SAR 910.1 million.

 

Imports of chemical and industry-related products during July accounted for 9% of the total imports, amounting to SAR 68.90 billion.

 

Saudi Kingdom’s Imports of Chemicals and Related Products (million SAR)

Month 

Imports 2022 

Imports 2023

Change (%) 

% of Total Non-oil Imports

Jan.

5538.9

6039.8 

9%

 9% 

Feb.

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% 

Aug.

6621.9 

--

--

--

Sept.

5552.5 

--

--

--

Oct.

6044.1 

--

--

--

Nov.

5660.1

--

--

--

Dec.

5641.5

--

--

--

*updated.

 

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