Jeddah Islamic Port
Saudi Arabia’s merchandise imports fell 1% year-on-year (YoY) to almost SAR 60.3 billion, according to data issued by the General Authority for Statistics (GASTAT).
For more details on merchandise imports from Argaam Tools
Meanwhile, merchandise imports decreased 17%, or nearly SAR 12.7 billion, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports (SAR bln)* |
||||
|
Month |
2023 |
2024 |
Value |
YoY Change (%) |
|
January |
66.07 |
67.04 |
+10.95 |
+1% |
|
February |
56.20 |
67.14 |
+6.31 |
+19% |
|
March |
66.69 |
72.99 |
(0.82) |
+9% |
|
April |
61.12 |
60.30 |
+10.95 |
(1%) |
|
May |
68.44 |
-- |
-- |
-- |
|
June |
60.80 |
-- |
-- |
-- |
|
July |
66.79 |
-- |
-- |
-- |
|
August |
67.44 |
-- |
-- |
-- |
|
September |
60.75 |
-- |
-- |
-- |
|
October |
74.87 |
-- |
-- |
-- |
|
November |
64.66 |
-- |
-- |
-- |
|
December |
62.20 |
-- |
-- |
-- |
Imports of machinery and mechanical appliances; electrical equipment, and their parts accounted for 27%, or SAR 16 billion, of the total Saudi imports in April.
Vehicles, aircraft, vessels, and associated transport equipment came second at 12%.
The table below shows details of Saudi imports in April by segment:
|
Saudi Imports Value in April (SAR mln) |
||||
|
Segment |
April 2023 |
April 2024 |
Value |
Change |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
12113.1 |
16034.7 |
+3921.6 |
+32% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
9324.1 |
7040.6 |
(2283.5) |
(24%) |
|
Base Metals and Articles of Base Metal |
5374.9 |
6181.7 |
+806.9 |
+15% |
|
Products of the Chemical or Allied Industries |
5408.4 |
5969.6 |
+561.1 |
+10% |
|
Mineral Products |
6507.5 |
3379.9 |
(3127.7) |
(48%) |
|
Natural or Cultured Pearls, Precious or Semi-Precious Stones and Others |
2237.4 |
3045.5 |
+808.0 |
+36% |
|
Prepared Foodstuffs; Beverages, Spirits and Vinegar; Tobacco and Manufactured Tobacco Substitutes |
2774.0 |
2974.6 |
+200.7 |
+7% |
|
Vegetable Products |
3873.8 |
2854.9 |
(1018.9) |
(26%) |
|
Live animals and animal products |
1738.3 |
2236.7 |
+498.4 |
29%+ |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2163.9 |
2213.9 |
+50.0 |
2+% |
|
Others |
9601.6 |
8365.5 |
(1236.1) |
(12%) |
|
Total |
61117.0 |
60297.6 |
(819.4) |
(1%) |
Saudi Arabia’s imports came mainly from China in April, valued at SAR 13.49 billion or 22% of the total.
The US and the UAE followed with SAR 5.03 billion and SAR 3.96 billion, respectively.
The top 10 exporters to Saudi Arabia accounted for almost 62%, or SAR 37.5 billion, of the total imports in April, as shown below:
|
Top 10 Exporters to Saudi Arabia in April 2024 (SAR bln) |
||
|
Country |
Value |
% of imports |
|
China |
13.49 |
22.4% |
|
US |
5.03 |
8.3% |
|
India |
3.96 |
6.6% |
|
UAE |
2.97 |
4.9% |
|
Germany |
2.36 |
3.9% |
|
Switzerland |
2.28 |
3.9% |
|
Italy |
2.24 |
3.7% |
|
Japan |
2.16 |
3.6% |
|
Vietnam |
1.52 |
2.5% |
|
Egypt |
1.50 |
2.5% |
|
Other Countries |
22.78 |
37.8% |
|
Total |
60.30 |
100.0% |
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