AI Summary
Saudi Arabia's exports of chemical industry and related products fell by 2% year-on-year (YoY) to nearly SAR 6.46 billion in November.
Compared to October 2024, the chemical exports decreased by SAR 446.7 million, or 6%.
Chemical industry and related products accounted for 24% of November’s SAR 26.9 billion in non-oil exports, as shown in the table below:
|
Exports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 |
2024 |
Change (%) |
Chemical products to total non-oil exports (%) |
|
January |
7,035.2 |
5,479.7 |
(22%) |
23% |
|
February |
6,933.6 |
5,510.5 |
(21%) |
24% |
|
March |
7,512.2 |
6,754.7 |
(10%) |
29% |
|
April |
6,673.1 |
5,824.6 |
(13%) |
26% |
|
May |
7,340.2 |
6,885.9 |
(6%) |
24% |
|
June |
5,762.8 |
6,188.8 |
7% |
27% |
|
July |
6,457.6 |
6,541.7 |
1% |
26% |
|
August |
6,479.1 |
7,164.0 |
11% |
26% |
|
September |
6,295.2 |
6,851.1 |
9% |
25% |
|
October |
7,063.6 |
6,801.4 |
(4%) |
27% |
|
November |
6,565.4 |
6,459.3 |
(2%) |
24% |
|
December |
8,564.6 |
-- |
-- |
-- |
*Data is periodically updated
India topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.3 billion, accounting for 21% of the total exports of chemical products in November. China followed with 13%, as shown in the table below:
|
Major Importers from Saudi Arabia in November (SAR mln) |
||
|
Country |
Value |
Percentage to total chemical exports |
|
India |
1.346.4 |
20.8% |
|
China |
861.1 |
13.3% |
|
Turkey |
323.8 |
5.0% |
|
UAE |
319.4 |
4.9% |
|
South Korea |
278.2 |
4.3% |
|
Bangladesh |
269.4 |
4.2% |
|
Singapore |
240.1 |
3.7% |
|
US |
227.4 |
3.5% |
|
Egypt |
214.9 |
3.3% |
|
Australia |
208.0 |
3.2% |
|
Other countries |
2.170.6 |
33.6% |
|
Total |
6.459.3 |
100% |
Saudi Arabia’s imports of chemical industry and related products reached SAR 6.3 billion in November, rising 10% YoY.
Chemical imports accounted for 9% of the total imports of SAR 73.7 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 |
6,040.3 |
6,176.6 |
2 % |
9% |
|
February |
5,706.2 |
5,834.8 |
2 % |
9% |
|
March |
6,571.4 |
6,663.7 |
1 % |
10% |
|
April |
5,408.4 |
6,029.9 |
11 % |
10% |
|
May |
7,271.8 |
6,918.0 |
(5%) |
10% |
|
June |
5,590.6 |
5,807.3 |
4 % |
10% |
|
July |
6,474.3 |
7,594.5 |
17 % |
10% |
|
August |
6,122.7 |
6,466.8 |
6 % |
9% |
|
September |
5,223.5 |
7,250.8 |
39 % |
10% |
|
October |
6,210.2 |
6,536.6 |
5 % |
9% |
|
November |
5,739.1 |
6,332.1 |
10% |
9% |
|
December |
4,822.9 |
-- |
-- |
-- |
*Data is periodically updated
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