‎Merchandise imports up to SAR 73.9B in Oct.

Jeddah Islamic Port

Saudi Arabia’s merchandise imports rose in October by 12% year-on-year (YoY) to almost SAR 73.9 billion, the highest level in years, according to data issued by the General Authority for Statistics (GASTAT).

Merchandise imports also increased by 17%, or nearly SAR 11 billion, month-on-month (MoM), as follows:

Saudi Merchandise Imports (SAR bln)*

Month 

2022 

2023 

Value 

YoY Change (%) 

January 

52.35 

67.69 

15.34 

29% 

February 

49.27 

57.31 

8.05 

16% 

March 

56.29 

69.04 

12.75 

23% 

April 

57.32 

58.31 

0.99 

2% 

May 

55.96 

69.54 

13.58 

24% 

June 

62.07 

64.77 

2.70 

4% 

July 

57.56 

70.20 

12.64 

22% 

August 

63.80 

70.18 

6.38 

10% 

September 

61.46 

62.91 

1.45 

2% 

October 

66.28 

73.90 

7.62 

12% 

November 

64.75 

— 

— 

— 

December 

64.94 

— 

— 

— 

*Data is updated periodically.

Total Merchandise Imports (SAR bln)

Imports of machinery and mechanical appliances, electrical equipment, and parts thereof came on top in October, representing 22%, or SAR 16.5 billion, of the total Saudi imports.

Vehicles, aircraft, vessels, and associated transport equipment came in second with 19% of the total Saudi imports.

The table below shows details of Saudi imports in October by segment:

Saudi Imports Value in October (SAR bln)

Segment

October

2022

October

2023

Value

Change

Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof

12,705.8

16,493.9

+3,788.1

+30%

Vehicles, Aircraft, Vessels, and Associated Transport Equipment

11,093.6

14,358.6

+3,265.0

+29%

Products of the Chemical or Allied Industries

6,122.6

6,114.4

(8.2)

(0.1%)

Mineral Products

5,223.7

5,941.8

+718.1

+14%

Base Metals and Articles of Base Metal

5,956.1

5,889.4

(66.7)

(1%)

Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others

3,081.9

4,091.4

+1,009.6

+33%

Prepared Foodstuffs; Beverages, Spirits

and Vinegar; Tobacco and

Manufactured Tobacco Substitutes

2,861.7

2,867.3

+5.5

+0.2%

Vegetable Products

4,238.8

2,750.5

(1,488.3)

(35%)

Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; clocks and watches; musical instruments; parts and accessories thereof

1,899.4

2,234.8

+335.4

+18%

Plastics and Articles Thereof; Rubber and Articles Thereof

2,441.6

2,209.4

(232.2)

(10%)

Others

10,650.0

10,952.8

+302.8

+3%

Total

66,275.2

73,904.4

+7,629.2

+12%

China topped the Kingdom’s list of importers with approximately SAR 14.9 billion, accounting for 20% of the total in October.

The US and the UAE followed with SAR 8.82 billion and SAR 5.11 billion imports, respectively.

The top 10 exporters to Saudi Arabia accounted for almost 64%, or SAR 47.1 billion, of the total imports in October, as shown below:

Top 10 Exporters to Saudi Arabia in October (SAR bln)

Country

Value

 % of imports

China

14.87

20.1%

US

8.82

11.9%

UAE

5.11

 6.9%

India

4.02

5.4%

Switzerland

3.13

 4.2%

Germany

2.89

 3.9%

Japan

2.71

 3.7%

Holland

1.87

 2.5%

Singapore

1.85

 2.5%

Egypt

1.84

 2.5%

Other Countries

26.79

 36.3%

Total

73.90

 100.0%

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