‎Saudi merchandise imports rise to SAR 68.9 bln

A Saudi port

Saudi Arabia’s merchandise imports increased 20% year-on-year (YoY) to almost SAR 68.9 billion in July, according to data issued by the General Authority for Statistics (GASTAT).

Imports also rose 7% month-on-month (MoM), or by about SAR 4.31 billion, as shown below:

Saudi Merchandise Imports* (SAR bln)

Month

2022

2023

Value

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

64.59

2.52

4%

July

57.56

68.90

11.34

20%

August

63.80

—

—

—

September

61.46

—

—

—

October

66.28

—

—

—

November

64.75

—

—

—

December

64.94

—

—

—

*Data is periodically updated.

Total Impots (Billion SAR)

Machinery and mechanical appliances, electrical equipment and parts thereof topped imports in July, representing 21% (or SAR 14.8 billion) of the total Saudi imports. Vehicles, aircraft, vessels, and associated transport equipment accounted for 18%.

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

Saudi Imports by segment in July (SAR mln)

Segment

July 2022

July 2023

Change Value

Change (%)

Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof

9818.4

14772.6

+4954.1

+50%

Vehicles, Aircraft, Vessels and Associated Transport Equipment

7229.2

12732.4

+5503.2

+76%

Products of the Chemical or Allied Industries

5450.2

6500.7

+1050.5

+19%

Base Metals and Articles of Base Metals

5337.6

5626.6

+288.9

+5%

Mineral Products

6639.6

3887.3

(2752.3)

(41%)

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

3319.8

3660.3

+340.4

+10%

Food Industry Products, Beverages, Alcoholic Liquids and Vinegar, Tobacco and Manufactured Tobacco Substitutes

2677.0

2997.8

+320.8

+12%

Vegetable Products

3202.1

2743.9

(458.2)

(14%)

Plastics and Articles thereof; Rubber and Articles thereof

2211.7

2500.5

+288.8

+13%

Instruments and Apparatus for Optics or Photography, Instruments and Apparatus for Medicine or Surgery, etc

1617.9

2138.4

+520.5

+32%

Others

10052.0

11343.5

+1291.5

+13%

Total

57555.6

68904.0

+11348.4

+20%

China topped the Kingdom’s list of exporting countries with SAR 13.9 billion, accounting for 20% of the total value of imports in July. The US and UAE followed, with SAR 6.01 billion and SAR 4.27 billion, respectively.

The top 10 exporters to Saudi Arabia accounted for almost 61%, or SAR 42.1 billion, of the Kingdom’s total imports in July, as shown below:

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

Country

Value

% of Imports

China

13.92

20.2%

US

6.01

8.7%

UAE

4.27

6.2%

India

3.95

5.7%

Germany

2.87

4.2%

Switzerland

2.75

4.0%

Japan

2.70

3.9%

South Korea

2.18

3.2%

Italy

1.92

2.8%

Thailand

1.48

2.2%

Other Countries

26.85

39.0%

Total

68.90

100.0%

Details and Historical Data of Imports

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