AI Summary
Saudi Arabia's exports of chemical industry and related products rose by 1% year-on-year (YoY) to nearly SAR 6.54 billion in July.
Compared to June, the chemical exports increased by SAR 352.9 million, or 6%.
The exports of chemical industry and related products represented 26% of July’s SAR 25.4 billion non-oil exports, as shown in the following table:
|
Exports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil exports (%) |
|
January |
7,035.2 |
5,479.7 |
(22%) |
23% |
|
February |
6,933.6 |
5,510.5 |
(21%) |
24% |
|
March |
7,512.2 |
6,754.7 |
(10%) |
29% |
|
April |
6,673.1 |
5,824.6 |
(13%) |
26% |
|
May |
7,340.2 |
6,885.9 |
(6%) |
24% |
|
June |
5,762.8 |
6,188.8 |
7% |
27% |
|
July |
6,457.6 |
6,541.7 |
1% |
26% |
|
August |
6,479.1 |
-- |
-- |
-- |
|
September |
6,297.2 |
-- |
-- |
-- |
|
October |
6,963.4 |
-- |
-- |
-- |
|
November |
6,680.4 |
-- |
-- |
-- |
|
December |
8,564.6 |
-- |
-- |
-- |
China topped the list of chemical product importers from Saudi Arabia with nearly SAR 988.9 million, accounting for 15.1% of the total exports of chemical products in July. India and the UAE followed with 14.3% and 7.4%, respectively, as shown in the table below:
|
Major Importers from Saudi Arabia in July (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports |
|
China |
988.9 |
15.1% |
|
India |
934.8 |
14.3% |
|
UAE |
482.8 |
7.4% |
|
Singapore |
390.4 |
6.0% |
|
Thailand |
343.5 |
5.3% |
|
US |
272.4 |
4.2% |
|
South Africa |
261.1 |
4.0% |
|
Turkey |
247.7 |
3.8% |
|
Pakistan |
242.8 |
3.7% |
|
Egypt |
232.3 |
3.6% |
|
Other countries |
2,144.7 |
32.8% |
|
Total |
6,541.4 |
100% |
Saudi Arabia’s imports of chemical industry and related products reached SAR 7.59 billion in July, rising 17% YoY.
Chemical imports were up 31%, or SAR 1.78 billion, compared to June, accounting for 10% of the total imports of SAR 75.2 billion, as shown in the following table:
|
Imports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil imports (%) |
|
January |
6,040.3 |
6,176.6 |
2% |
9% |
|
February |
5,706.2 |
5,834.8 |
2% |
9% |
|
March |
6,571.4 |
6,663.7 |
1% |
10% |
|
April |
5,408.4 |
6,029.9 |
11% |
10% |
|
May |
7,271.8 |
6,918.0 |
(5%) |
10% |
|
June |
5,590.6 |
5,807.3 |
4% |
10% |
|
July |
6,474.3 |
7,594.5 |
17% |
10% |
|
August |
6,122.7 |
-- |
-- |
-- |
|
September |
5,280.5 |
-- |
-- |
-- |
|
October |
6,114.4 |
-- |
-- |
-- |
|
November |
5,889.4 |
-- |
-- |
-- |
|
December |
4,822.9 |
-- |
-- |
-- |
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