Jeddah Islamic Port
Saudi Arabia’s merchandise imports dropped in January 2024 by 1% year-on-year (YoY) to almost SAR 66.7 billion, according to data issued by the General Authority for Statistics (GASTAT).
For more details on merchandise imports from Argaam Tools
Meanwhile, merchandise imports declined 11%, or by nearly SAR 6.4 billion, month-on-month (MoM), as follows:
Saudi Merchandise Imports (SAR bln)*
Month
2023
2024
Value
YoY Change (%)
January
67.69
66.71
(0.97)
(1%)
February
57.31
—
—
—
March
69.04
—
—
—
April
58.31
—
—
—
May
69.54
—
—
—
June
64.77
—
—
—
July
70.20
—
—
—
August
70.18
—
—
—
September
62.91
—
—
—
October
73.90
—
—
—
November
67.15
—
—
—
December
60.35
—
—
—
*Data is updated periodically.
Total Merchandise Imports (SAR bln)
Source: Argaam Tools
Imports of machinery and mechanical appliances, electrical equipment, and their parts came on top in January, representing 22%, or SAR 14.7 billion, of the total Saudi imports.
Vehicles, aircraft, vessels, and associated transport equipment came second at 14%.
The table below shows details of Saudi imports in January by segment:
Saudi Imports Value in January (SAR bln)
Segment
January 2023
January 2024
Value
Change
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof
14.84
14.68
(0.16)
(1%)
Vehicles, Aircraft, Vessels, and Associated Transport Equipment
9.82
9.05
(0.77)
(8%)
Base Metals and Articles of Base Metal
5.50
6.19
+0.69
+13%
Products of the Chemical or Allied Industries
6.04
6.18
+0.14
+2%
Mineral Products
5.32
5.49
+0.17
+3%
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others
1.53
3.93
+2.40
+157%
Prepared Foodstuffs; Beverages, Spirits
and Vinegar; Tobacco and
Manufactured Tobacco Substitutes
3.31
3.33
+0.02
+1%
Vegetable Products
3.83
3.21
(0.62)
(16%)
Live animals and animal products
2.12
2.34
+0.22
+10%
Textiles and Textile Articles
2.22
2.05
(0.17)
(8%)
Others
13.15
10.27
(2.88)
(22%)
Total
67.69
66.71
(0.97)
(1%)
Saudi Arabia’s imports came mainly from China in January, at SAR 13.6 billion or 20% of the total.
The US and the UAE followed with SAR 5.2 billion and SAR 4.5 billion, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 64%, or SAR 42.6 billion, of the total imports in January, as shown below:
Top 10 Exporters to Saudi Arabia in January 2024 (SAR bln)
Country
Value
% of imports
China
13.61
20.4%
US
5.18
7.8%
UAE
4.46
6.7%
India
4.45
6.7%
Switzerland
2.89
4.3%
Japan
2.74
4.1%
Egypt
2.64
3.9%
South Korea
2.36
3.5%
Germany
2.28
3.4%
Italy
2.01
3.0%
Other Countries
24.11
36.1%
Total
66.71
100.0%
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