AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's exports of chemical industry products and related products reached nearly SAR 8.09 billion in December 2022, marking a year-on-year (YoY) decrease of 14%.
Compared to November 2022, exports of chemical products fell by SAR 747.4 million, or 8.4%.
Exports of chemicals represented 36% of total non-oil exports in December 2022, amounting to SAR 22.71 billion, as shown in the following table:
|
Kingdom's Exports of Chemical Products & Related products (SAR mln) |
||||
|
Month |
Exports 2021 |
Exports 2022 |
Change (%) |
Chemical products exports to total non-oil exports (%) |
|
January |
5206.6 |
7517.4 |
44 % |
31% |
|
February |
4851.7 |
8731.0 |
80 % |
35% |
|
March |
6242.2 |
10339.4 |
66 % |
36% |
|
April |
5987.7 |
10028.1 |
67 % |
36 % |
|
May |
6973.1 |
9859.4 |
41 % |
35 % |
|
June |
7425.8 |
10519.5 |
42 % |
34 % |
|
July |
6519.7 |
9579.3 |
47 % |
35 % |
|
August |
7669.5 |
9518.3 |
24 % |
35 % |
|
September |
7195.7 |
9702.2 |
35 % |
39 % |
|
October |
7692.5 |
10196.8 |
33 % |
40 % |
|
November |
8898.3 |
8833.9 |
(1%) |
39 % |
|
December |
9427.4 |
8090.6 |
(14%) |
36 % |
India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 1.9 billion and 23% of the total value of exports of chemical products in December 2022. China and the UAE followed at 15% and 5%, respectively, as indicated in the table below:
|
Major Importers from Saudi Arabia in December 2022 (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports (%) |
|
India |
1867.4 |
23.1% |
|
China |
1183.4 |
14.6% |
|
UAE |
433.2 |
5.4% |
|
Belgium |
318.5 |
3.9% |
|
Australia |
312.7 |
3.9% |
|
Turkey |
309.5 |
3.8% |
|
South Korea |
300.6 |
3.7% |
|
Bangladesh |
296.1 |
3.7% |
|
Morocco |
288.3 |
3.6% |
|
Thailand |
271.1 |
3.4% |
|
US |
265.9 |
3.3% |
|
Jordan |
216.8 |
2.7% |
|
Oman |
184.9 |
2.3% |
|
Singapore |
165.4 |
2.0% |
|
Egypt |
163.6 |
2.0% |
|
Pakistan |
125.6 |
1.6% |
|
Japan |
116.0 |
1.4% |
|
Taiwan |
111.6 |
1.4% |
|
Kuwait |
104.9 |
1.3% |
|
Other countries |
1055.3 |
13.0% |
|
Total |
8090.6 |
100 % |
On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 5.61 billion during December 2022, up by 6% YoY.
Compared to November 2022, imports of chemical and industry-related products for December recorded a decrease of SAR 69.9 million, or 1%.
Imports of chemical and industry-related products during December accounted for 9% of the total imports amounting to SAR 62.2 billion.
The following table shows major countries exported chemical products to Saudi Arabia during December 2022:
|
Saudi Arabia’s Imports of Chemical and Industry-Related Products (SAR mln) |
||||
|
Month |
Imports 2021 |
Imports 2022 |
Change (%) |
Percentage to total imports |
|
January |
4,163.8 |
5,516.3 |
32 % |
11% |
|
February |
4,405.7 |
6,026.0 |
37 % |
12% |
|
March |
5,335.6 |
6,843.4 |
28 % |
12% |
|
April |
5,188.5 |
5,456.7 |
5 % |
10 % |
|
May |
5,112.2 |
5,420.3 |
6 % |
10 % |
|
June |
5,704.6 |
6,278.4 |
10 % |
10 % |
|
July |
5,217.2 |
5,488.9 |
5 % |
10 % |
|
August |
4,967.2 |
6,621.9 |
33 % |
11 % |
|
September |
4,878.5 |
5,552.5 |
14 % |
9 % |
|
October |
5,112.5 |
6,044.1 |
18 % |
9% |
|
November |
5,146.8 |
5,660.1 |
10 % |
9 % |
|
December |
5,298.0 |
5,609.3 |
6 % |
9 % |
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