Jeddah Islamic Port
Saudi Arabia’s merchandise imports grew by 6% year-on-year (YoY) to almost SAR 201.1 billion in Q1 2024, according to data issued by the General Authority for Statistics (GASTAT).
For more details about Saudi imports and exports on Argaam Tools
On a quarterly basis, merchandise imports fell by 0.3%, or nearly SAR 650.2 million.
The following table illustrates the Saudi merchandise imports since 2017:
Saudi Merchandise Imports Since 2017
Period
Value (SAR bln)
Change YoY
Q1 2017
125.72
—
Q2
126.71
—
Q3
123.85
—
Q4
128.16
—
Q1 2018
126.06
+0.3%
Q2
133.02
+5%
Q3
128.02
+3%
Q4
126.90
(1%)
Q1 2019
132.19
+5%
Q2
151.82
+14%
Q3
145.45
+14%
Q4
144.90
+14%
Q1 2020
132.38
+0.1%
Q2
124.85
(18%)
Q3
123.03
(15%)
Q4
137.23
(5%)
Q1 2021
139.39
+5%
Q2
140.42
+12%
Q3
144.76
+18%
Q4
148.61
+8%
Q1 2022
157.90
+13%
Q2
175.35
+25%
Q3
182.81
+26%
Q4
195.97
+32%
Q1 2023
188.95
+20%
Q2
190.35
+9%
Q3
194.99
+7%
Q4
201.73
+3%
Q1 2024
201.08
+6%
*Data are periodically updated
Machinery and mechanical appliances, electrical equipment, and parts thereof dominated 23% of total imports. Vehicles, aircraft, vessels, and associated transport equipment came in second with 13%.
The following table illustrates Saudi merchandise in Q1 2024 by segment:
Saudi Imports Value in Q1 2024 (SAR bln)
Segment
Q1 2023
Q1 2024
Change
Change (%)
Machinery and Mechanical Appliances; Electrical Equipment and Parts Thereof
40.09
45.63
+5.54
+14%
Vehicles, Aircraft, Vessels and Associated Transport Equipment
26.78
26.17
(0.61)
(2%)
Products of Chemical or Allied Industries
18.27
18.63
+0.36
+2%
Base Metals and Articles of Base Metals
16.63
18.21
+1.58
+10%
Mineral Products
13.74
14.22
+0.49
+4%
Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals
6.22
11.68
+5.46
+88%
Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes
9.53
10.04
+0.51
+5%
Vegetable Products
11.00
9.72
(1.28)
(12%)
Live Animals and Animal Products
6.27
7.19
+0.92
+15%
Textile products
7.00
6.92
(0.07)
(1%)
Others
33.43
32.67
(0.77)
(2%)
Total
188.95
201.08
+12.13
+6%
China topped the Kingdom’s list of exporting countries with SAR 41.9 billion, accounting for 21% of total imports in Q1 2024. The US and the UAE followed, at 8% and 7%, respectively.
Top 10 Exporters to Saudi Arabia in Q1 2024 (SAR bln)
Countries
Value
% of Total
China
41.9
20.9%
US
16.2
8.1%
UAE
13.6
6.8%
India
13.1
6.5%
Egypt
8.2
4.1%
Switzerland
7.8
3.9%
Germany
7.5
3.7%
Japan
6.9
3.5%
Italy
6.1
3.1%
South Korea
6.0
3.0%
Other Countries
73.6
36.6%
Total
201.1
100.0%
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