AI Summary
Jeddah Islamic Port
Saudi Arabia’s merchandise imports rose by 25% year-on-year (YoY) in Q3 2022 to SAR 181.1 billion, according to data issued by the General Authority for Statistics (GASTAT).
On a quarter-on-quarter (QoQ) basis, imports rose by SAR 8.28 billion, or 5%, in the three-month period.
|
Saudi Merchandise Imports |
||
|
Period |
Value (SAR bln) |
YoY Change |
|
Q1 2017 |
125.72 |
-- |
|
Q2 |
126.71 |
-- |
|
Q3 |
123.85 |
-- |
|
Q4 |
128.16 |
-- |
|
Q1 2018 |
126.06 |
+0.3% |
|
Q2 |
133.02 |
+5% |
|
Q3 |
128.02 |
+3% |
|
Q4 |
126.90 |
(1%) |
|
Q1 2019 |
132.19 |
+5% |
|
Q2 |
151.82 |
+14% |
|
Q3 |
145.45 |
+14% |
|
Q4 |
144.90 |
+14% |
|
Q1 2020 |
132.38 |
+0.1% |
|
Q2 |
124.85 |
(18%) |
|
Q3 |
123.03 |
(15%) |
|
Q4 |
137.23 |
(5%) |
|
Q1 2021 |
139.39 |
+5% |
|
Q2 |
140.42 |
+12% |
|
Q3 |
144.76 |
+18% |
|
Q4 |
148.61 |
+8% |
|
Q1 2022 |
157.55 |
+13% |
|
Q2 |
172.87 |
+23% |
|
Q3 |
181.15 |
+25% |
The increase in the Kingdom’s Q3 2022 imports was driven by a 106% YoY hike, amounting to SAR 9.13 billion, in its metal products. Imports of machinery and mechanical appliances; electrical equipment and parts thereof also rose YoY by SAR 5.92 billion, or 21%, as shown in the table below:
|
Saudi Imports Value in Q3 2022 (SAR mln) |
||||
|
Product |
Q3 2021 |
Q3 2022 |
Change Value |
Percentage Change |
|
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof |
27908.4 |
33832.9 |
+5924.5 |
+21% |
|
Vehicles, Aircraft, Vessels and Associated Transport Equipment |
23248.1 |
23464.8 |
+216.7 |
+1% |
|
Products of the Chemical or Allied Industries |
15062.9 |
17878.0 |
+2815.1 |
+19% |
|
Metal Products |
8627.8 |
17759.8 |
+9131.9 |
+106% |
|
Base Metals and Articles of Base Metals |
13891.9 |
16935.2 |
+3043.3 |
+22% |
|
Vegetable Products |
8498.7 |
11778.5 |
+3279.8 |
+39% |
|
Foodstuffs; Beverages, Spirits and Others |
7011.6 |
9124.7 |
+2113.0 |
+30% |
|
Natural or Cultured Pearls; Precious or Semi-Precious Stones and Precious Metals |
4436.1 |
8243.2 |
+3807.2 |
+86% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
5743.0 |
6874.2 |
+1131.2 |
+20% |
|
Other |
30327.9 |
35257.5 |
+4929.6 |
+16% |
|
Total |
144756.4 |
181148.7 |
+36392.3 |
+25% |
China topped the Kingdom's list of exporting countries, amounting to SAR 37.4 billion, accounting for 21% of the total value of imports in Q3 2022.
The US and UAE followed, at 9% and 6%, respectively.
|
Top 10 Exporters to Saudi Arabia in Q3 2022 (SAR mln) |
|||
|
Country |
Q3 2021 |
Q3 2022 |
Change |
|
China |
30475.2 |
37443.8 |
+23% |
|
USA |
14863.5 |
15926.3 |
+7% |
|
UAE |
10309.7 |
12288.1 |
+19% |
|
India |
8112.1 |
11193.9 |
+38% |
|
Germany |
6806.4 |
7763.0 |
+14% |
|
Japan |
5458.5 |
5519.1 |
+1% |
|
Egypt |
4160.5 |
5372.7 |
+29% |
|
Switzerland |
1919.6 |
5273.8 |
+175% |
|
South Korea |
3436.6 |
4722.3 |
+37% |
|
Italy |
4146.7 |
4700.5 |
+13% |
|
Other Countries |
55067.6 |
70945.1 |
+29% |
|
Total |
144756.4 |
181148.7 |
+25% |
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