AI Summary
Jeddah Islamic Port
Saudi Arabia's exports of chemical industry and related products dropped 13% year-on-year (YoY) to nearly SAR 6.54 billion in March.
Compared to February, the chemicals exports grew by 19%, or SAR 1.02billion, or 3%.
The exports of chemical industry and related products represented 28% of March’sSAR 23.3 billion non-oil exports, as shown in the following table:
|
Export of Chemical Industry & Related Products (SAR mln) |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil exports (%) |
|
January |
7035.2 |
5479.7 |
(22%) |
23% |
|
February |
6933.6 |
5510.5 |
(21%) |
24% |
|
March |
7512.2 |
6540.3 |
(13%) |
28% |
|
April |
6673.4 |
-- |
-- |
-- |
|
May |
7338.9 |
-- |
-- |
-- |
|
June |
5762.8 |
-- |
-- |
-- |
|
July |
6314.6 |
-- |
-- |
-- |
|
August* |
6479.1 |
-- |
-- |
-- |
|
September* |
6297.2 |
-- |
-- |
-- |
|
October |
6963.4 |
-- |
-- |
-- |
|
November |
6680.4 |
-- |
-- |
-- |
|
December |
8564.6 |
-- |
-- |
-- |
China topped the list of chemical product importers from Saudi Arabia with nearly SAR 812.4 million, accounting for 12.4% of the total exports of chemical products in March. India and the UAE followed with 10.6% and 9%, respectively, as shown in the table below:
|
Major Importers from Saudi Arabia in March (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports |
|
China |
812.4 |
12.4% |
|
India |
695.3 |
10.6% |
|
UAE |
588.8 |
9.0% |
|
Belgium |
524.1 |
8.0% |
|
Thailand |
413.7 |
6.3% |
|
US |
331.7 |
5.1% |
|
Australia |
293.2 |
4.5% |
|
Singapore |
280.0 |
4.3% |
|
Spain |
250.9 |
3.8% |
|
Pakistan |
193.0 |
3.0% |
|
Turkey |
187.0 |
2.9% |
|
South Korea |
170.5 |
2.6% |
|
Other countries |
1799.7 |
27.5% |
|
Total |
6540.3 |
100 % |
The exports of chemical industry and related products reached SAR 6.61 billion in March, rising 1% YoY.
Chemicals imports jumped 13%, or SAR 772.8 million compared to February, accounting for 10% of the total imports of SAR 67.36 billion, , as shown in the following table:
|
Export of Chemical Industry & Related Products (SAR mln) |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil exports (%) |
|
January |
6040.3 |
6176.6 |
2% |
9% |
|
February |
5706.2 |
5834.8 |
2% |
9% |
|
March |
6571.4 |
6607.6 |
1% |
10% |
|
April |
5885.2 |
-- |
-- |
-- |
|
May |
7314.6 |
-- |
-- |
-- |
|
June |
5590.6 |
-- |
-- |
-- |
|
July |
6500.7 |
-- |
-- |
-- |
|
August* |
6122.7 |
-- |
-- |
-- |
|
September* |
5280.5 |
-- |
-- |
-- |
|
October |
6114.4 |
-- |
-- |
-- |
|
November |
5889.4 |
-- |
-- |
-- |
|
December |
4822.9 |
-- |
-- |
-- |
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