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
—
—
—
*Updated.
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
—
—
—
*Updated.
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