AI Summary
Jeddah Islamic Port
Saudi Arabia's exports of chemical and industry-related products fell by 35% year-on-year (YoY) to nearly SAR 6.31 billion in July.
Compared to June, chemicals exports increased by SAR 551.8 million, or 10%.
Exports of the chemical industry and related products represented 30% of July’s non-oil exports, which amounted to SAR 21.15 billion, as shown in the following table:
|
Saudi Kingdom’s Exports of Chemicals and Related Products (million SAR) |
||||
|
Month |
Exports 2022 |
Exports 2023 |
Change (%) |
% of Total Non-oil Exports |
|
Jan. |
7519.0 |
7035.2 |
(6%) |
31% |
|
Feb. |
8734.6 |
6933.6 |
(20%) |
33% |
|
March |
10339.4 |
7519.9 |
(28%) |
31% |
|
April |
10028.1 |
6673.4 |
(34%) |
35 % |
|
May |
9860.4 |
7338.9 |
(27%) |
29% |
|
June* |
10523.3 |
5762.8 |
(45%) |
34 % |
|
July |
9667.9 |
6314.6 |
(35%) |
30% |
|
Aug. |
9518.3 |
-- |
-- |
-- |
|
Sept. |
9702.2 |
-- |
-- |
-- |
|
Oct. |
10196.8 |
-- |
-- |
-- |
|
Nov. |
8833.9 |
-- |
-- |
-- |
|
Dec. |
8122.0 |
-- |
-- |
-- |
*updated.
China topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.185 billion, accounting for 18.8% of the total exports of chemical products in July. India and the UAE followed with 17.1% and 5.3%, respectively, as shown in the table below:
|
Most Important Countries Exported to during July 2023 (million SAR) |
||
|
Country |
Value |
% of Total |
|
China |
1185.1 |
18.8% |
|
India |
1081.4 |
17.1% |
|
United Arab Emirates |
337.2 |
5.3% |
|
Singapore |
318.2 |
5.0% |
|
Belgium |
303.8 |
4.8% |
|
United States of America |
303.0 |
4.8% |
|
Thailand |
257.5 |
4.1% |
|
Türkiye |
233.6 |
3.7% |
|
Sultanate of Oman |
227.3 |
3.6% |
|
Brazil |
203.7 |
3.2% |
|
South Korea |
189.2 |
3.0% |
|
Indonesia |
160.6 |
2.5% |
|
Rest of Countries |
1514.0 |
24.0% |
|
Total |
6314.6 |
100 % |
Meanwhile, Saudi Arabia’s imports of chemical and industry-related products amounted to SAR 6.5 billion during the month, up 19% YoY.
Compared to June, imports of chemical and industry-related products rose in July by 16% YoY, or by SAR 910.1 million.
Imports of chemical and industry-related products during July accounted for 9% of the total imports, amounting to SAR 68.90 billion.
|
Saudi Kingdom’s Imports of Chemicals and Related Products (million SAR) |
||||
|
Month |
Imports 2022 |
Imports 2023 |
Change (%) |
% of Total Non-oil Imports |
|
Jan. |
5538.9 |
6039.8 |
9% |
9% |
|
Feb. |
6048.7 |
5706.2 |
(5%) |
10% |
|
March |
6843.4 |
6620.5 |
(3%) |
10% |
|
April |
5479.1 |
5885.2 |
7% |
10% |
|
May |
5524.2 |
7314.6 |
32% |
11% |
|
June* |
6298.4 |
5590.6 |
(11%) |
11% |
|
July |
5450.2 |
6500.7 |
19% |
9% |
|
Aug. |
6621.9 |
-- |
-- |
-- |
|
Sept. |
5552.5 |
-- |
-- |
-- |
|
Oct. |
6044.1 |
-- |
-- |
-- |
|
Nov. |
5660.1 |
-- |
-- |
-- |
|
Dec. |
5641.5 |
-- |
-- |
-- |
*updated.
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