AI Summary
Saudi Arabia's exports of chemical industry and related products dropped 14% year-on-year (YoY) to nearly SAR 5.75 billion in April 2024.
Compared to March, the chemicals exports fell by 15%, or SAR 1.004 billion.
The exports of chemical industry and related products represented 26% of April’s SAR 22.4 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 |
6754.7 |
(10%) |
29% |
|
April |
6673.1 |
5750.7 |
(14%) |
26% |
|
May |
7338.9 |
-- |
-- |
-- |
|
June |
5762.8 |
-- |
-- |
-- |
|
July |
6314.6 |
-- |
-- |
-- |
|
August |
6479.1 |
-- |
-- |
-- |
|
September |
6297.2 |
-- |
-- |
-- |
|
October |
6963.4 |
-- |
-- |
-- |
|
November |
6680.4 |
-- |
-- |
-- |
|
December |
8564.6 |
-- |
-- |
-- |
*Data is periodically updated.
China topped the list of chemical product importers from Saudi Arabia with nearly SAR 840 million, accounting for 14.6% of the total exports of chemical products in April. India and the UAE followed with 12.4% and 8.6%, respectively, as shown in the table below:
|
Major Importers from Saudi Arabia in April (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical products exports |
|
China |
840 |
14.6% |
|
India |
712.1 |
12.4% |
|
UAE |
495 |
8.6% |
|
Belgium |
444.6 |
7.7% |
|
US |
422.7 |
7.4% |
|
Singapore |
327.7 |
5.7% |
|
Brazil |
286.4 |
5.0% |
|
Turkey |
274.3 |
4.8% |
|
South Korea |
196.9 |
3.4% |
|
Japan |
146.9 |
2.6% |
|
Thailand |
142.1 |
2.5% |
|
Australia |
139.6 |
2.4% |
|
Other countries |
1322.6 |
23.0% |
|
Total |
5750.7 |
100 % |
Saudi Arabia’s imports of chemical industry and related products reached SAR 5.97 billion in April, rising 10% YoY.
Chemicals imports fell 10%, or SAR 694.1 million, compared to March, accounting for 10% of the total imports of SAR 60.3 billion, as shown in the following table:
|
Imports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil imports (%) |
|
January |
6040.3 |
6176.6 |
2 % |
9% |
|
February |
5706.2 |
5834.8 |
2 % |
9% |
|
March |
6571.4 |
6663.7 |
1 % |
10% |
|
April |
5408.4 |
5969.6 |
10 % |
10% |
|
May |
7314.6 |
-- |
-- |
-- |
|
June |
5590.6 |
-- |
-- |
-- |
|
July |
6500.7 |
-- |
-- |
-- |
|
August |
6122.7 |
-- |
-- |
-- |
|
September |
5280.5 |
-- |
-- |
-- |
|
October |
6114.4 |
-- |
-- |
-- |
|
November |
5889.4 |
-- |
-- |
-- |
|
December |
4822.9 |
-- |
-- |
-- |
*Data is periodically updated.
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