AI Summary
A commercial carrier
Saudi Arabia's exports of chemical industry and related products reached nearly SAR 7.04 billion in January 2023, marking a year-on-year (YoY) decrease of 6%.
Compared to December 2022, exports of chemical products fell by SAR 1.08 billion, or 13%.
Exports of chemicals represented 31% of total non-oil exports in January, amounting to SAR 22.98 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 |
-- |
-- |
-- |
|
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 |
-- |
-- |
-- |
India topped the list of countries importing chemical products from Saudi Arabia by nearly SAR 1.6 billion and 22% of the total value of exports of chemical products in January. China and the United States followed at 17% and 8%, respectively, as indicated in the table below:
|
Major Importers from Saudi Arabia in January 2023 (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports (%) |
|
India |
1,560.9 |
22.2% |
|
China |
1,167.2 |
16.6% |
|
US |
568.5 |
8.1% |
|
UAE |
447.8 |
6.4% |
|
Belgium |
354.9 |
5.0% |
|
Singapore |
347.7 |
4.9% |
|
Turkey |
294.9 |
4.2% |
|
Australia |
282.0 |
4.0% |
|
Thailand |
251.9 |
3.6% |
|
Egypt |
198.0 |
2.8% |
|
Jordan |
171.9 |
2.4% |
|
South Korea |
109.5 |
1.6% |
|
South Africa |
98.6 |
1.4% |
|
Kuwait |
98.2 |
1.4% |
|
Indonesia |
87.1 |
1.2% |
|
Bangladesh |
85.9 |
1.2% |
|
Other countries |
910.2 |
12.9% |
|
Total |
7,035.2 |
100 % |
On the other hand, the Kingdom's imports of chemical and industry-related products amounted to SAR 6.03 billion during the month, up by 9% YoY.
Compared to December 2022, imports of chemical and industry-related products in January 2023 edged up by SAR 387.9 million, or 7%.
Imports of chemical and industry-related products during January accounted for 9% of the total imports amounting to SAR 66.57 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 |
6029.4 |
+9% |
9 % |
|
February |
6,026.0 |
-- |
-- |
-- |
|
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.
Be the first to comment
Comments Analysis: