AI Summary
Jeddah Islamic Port
Saudi Arabia’s merchandise imports rose in November 2023 by 4% year-on-year (YoY) to almost SAR 67.2 billion, according to data issued by the General Authority for Statistics (GASTAT).
Meanwhile, merchandise imports declined 9%, or by nearly SAR 6.75 billion, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports (SAR bln)* |
||||
|
Month |
2022 |
2023 |
Value |
YoY Change (%) |
|
January |
52.35 |
67.69 |
15.34 |
29% |
|
February |
49.27 |
57.31 |
8.05 |
16% |
|
March |
56.29 |
69.04 |
12.75 |
23% |
|
April |
57.32 |
58.31 |
0.99 |
2% |
|
May |
55.96 |
69.54 |
13.58 |
24% |
|
June |
62.07 |
64.77 |
2.70 |
4% |
|
July |
57.56 |
70.20 |
12.64 |
22% |
|
August |
63.80 |
70.18 |
6.38 |
10% |
|
September |
61.46 |
62.91 |
1.45 |
2% |
|
October |
66.28 |
73.90 |
7.62 |
12% |
|
November |
64.75 |
67.15 |
2.40 |
4% |
|
December |
64.94 |
-- |
-- |
-- |
Total Merchandise Imports (SAR bln)
Imports of machinery and mechanical appliances, electrical equipment, and their parts came on top in November, representing 25%, or SAR 16.8 billion, of the total Saudi imports.
The table below shows details of Saudi imports in November by segment:
|
Saudi Imports Value in October (SAR bln) |
||||
|
Segment |
November 2022 |
November 2023 |
Value |
Change |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
12.93 |
16.80 |
+3.87 |
+30% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
12.80 |
10.83 |
(1.97) |
(15%) |
|
Mineral Products |
6.21 |
6.42 |
+0.21 |
+3% |
|
Agricultural Products |
5.68 |
5.89 |
+0.21 |
+4% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
4.45 |
3.99 |
(0.46) |
(10%) |
|
Products of the Chemical or Allied Industries |
3.70 |
3.01 |
(0.69) |
(19%) |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
2.82 |
2.94 |
+0.12 |
+4% |
|
Base Metals and Articles of Base Metal |
2.05 |
2.35 |
+0.30 |
+15% |
|
Live animals and animal products |
1.93 |
2.24 |
+0.31 |
+16% |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2.14 |
2.17 |
+0.03 |
+1% |
|
Others |
10.04 |
10.51 |
+0.47 |
+5% |
|
Total |
64.75 |
67.15 |
+2.39 |
+4% |
Saudi Arabia’s imports came mainly from China in November, at SAR 16.7 billion or for 25% of the total.
The US and the UAE followed with SAR 5.6 billion and SAR 4.6 billion, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 64%, or SAR 43 billion, of the total imports in November, as shown below:
|
Top 10 Exporters to Saudi Arabia in November (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
16.70 |
24.9% |
|
US |
5.64 |
8.4% |
|
UAE |
4.57 |
6.8% |
|
India |
3.60 |
5.4% |
|
Germany |
2.80 |
4.2% |
|
Japan |
2.18 |
3.2% |
|
Italy |
2.07 |
3.1% |
|
United Kingdom |
1.93 |
2.9% |
|
South Korea |
1.79 |
2.7% |
|
Egypt |
1.72 |
2.6% |
|
Other Countries |
24.14 |
36% |
|
Total |
67.15 |
100.0% |
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