Chemical products exports down 20%, imports drop 5% in February

A commercial carrier

Saudi Arabia's exports of chemical industry and related products reached nearly SAR 6.93 billion in February 2023, a 20% year-on-year (YoY) decline.

Compared to January 2023, exports of chemical products fell by SAR 101.6 million, or 1%.

Exports of chemicals represented 33% of total non-oil exports in February, amounting to SAR 20.91 billion, as shown in the following table:

Export of Chemical Industry & Related Products (SAR mln)
Month	Exports 2022	Exports 2023	Change (%)	Chemical products exports to total non-oil exports (%)
January	7,519.0	7,035.2	(6%)	31%
February*	8,731.0	6, 933.6	(20%)	33%
March	10,339.4	--	--	--
April	10,028.1	--	--	--
May	9,859.4	--	--	--
June	10,519.5	--	--	--
July	9,579.3	--	--	--
August	9,518.3	--	--	--
September	9,702.2	--	--	--
October	10,196.8	--	--	--
November	8,833.9	--	--	--
December*	8,122.0	--	--	--

*Updated.

India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 949 million and 14% of the total value of exports of chemical products in February. China and the Belgium followed at 13% and 7%, respectively, as indicated in the table below:

Major Importers from Saudi Arabia in February 2023 (SAR mln)
Country	Value	Percentage to total chemical products exports (%)
India	949	13.70%
China	905	13.10%
Belgium	509.3	7.30%
US	459.8	6.60%
UAE	448.8	6.50%
South Korea	437.6	6.30%
Singapore	392.4	5.70%
Germany	391.9	5.70%
Australia	306.3	4.40%
Brazil	191.4	2.80%
Kenya	189	2.70%
Thailand	152.7	2.20%
Pakistan	140.9	2.00%
Egypt	117.7	1.70%
Other countries	1341.8	19.40%
Total	6933.6	100%

On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.71billion during the month, 5% down YoY.

Compared to January 2023, imports of chemical and industry-related products in February 2023 declined by SAR 333.6 million, or 6%.

Imports of chemical and industry-related products during January accounted for 10% of the total imports amounting to SAR 56.58 billion.

The following table Saudi Arabia’s imports of chemical products:

Saudi Arabia’s Imports of Chemical and Industry-Related Products (SAR mln)
Month	Imports 2022	Imports 2023	Change (%)	Percentage to total imports
January	5,538.9	6,029.4	+9%	9 %
February*	6,048.7	5,706.2	(5%)	10%
March	6,843.4	--	--	--
April	5,456.7	--	--	--
May	5,420.3	--	--	--
June	6,278.4	--	--	--
July	5,488.9	--	--	--
August	6,621.9	--	--	--
September	5,552.5	--	--	--
October	6,044.1	--	--	--
November	5,660.1	--	--	--
December*	5,641.5	--	--	--

*Updated.

Details and Historical Data of Imports and Exports

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Chemical products exports down 20%, imports drop 5% in February

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