Saudi merchandise imports rise 24% to SAR 50.3 bln in August

14/11/2021 Argaam Special

 

Jeddah Islamic Port


Saudi Arabia’s merchandize imports rose by 24% year-on-year (YoY) in August to SAR 50.3 billion, according to data issued by the General Authority for Statistics (GASTAT).

 

Imports increased by SAR 3.1 billion, or 7% in August, compared to July.

 

Saudi Merchandize Imports (SAR mln)

Month

2020

2021

Value

Variation

January  

46018

47937

+ 1919

+%

February

43044

40842

(2,202)

(5%)

March  

43319

50723

+ 7404

+17%

April

41790

49988

+ 8198

+ 20%

May

36916

45076

+ 8160

+ 22%

June*

46143

47351

+ 1208

+3%

July*

40298

47235

+ 6937

+17%

August

40739

50340

+ 9601

+24%

September

41995

--

--

--

October

43035

--

--

--

November

48715

--

--

--

December

45479

--

--

--

*Data for 2021 are updated

 

 

The increase in the Kingdom’s imports in August was driven by a SAR 3.77 billion, or 66% hike, in its imports of vehicles, aircraft, vessels, and associated transport equipment, and a 593% rise in natural or cultured pearls, precious or semi-precious stones and others or by SAR 1.42 billion.

 

Imports from base metals & articles of base metal and mineral products also rose by SAR 1.22 billion and SAR 1.19 billion, respectively.

 

On the other hand, Saudi imports of vegetable products decreased by SAR 317 million, and prepared foodstuffs, beverages and others retreated by SAR 250.7 million, as the following table shows:

 

Saudi Imports Value in August 2021 (SAR mln)

Product

August 2020

August 2021

Variation Value

Variation (%)

Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof

8,662.2

9,537.3

+875.0

+10%

Vehicles, Aircraft, Vessels and Associated Transport Equipment

5,705.8

9,474.7

+3,768.9

+66%

Products of the Chemical or Allied Industries

4,321.3

4,938.5

+617.2

+14%

Base Metals and Articles of Base Metal

3,712.6

4,936.9

+1,224.3

+33%

Mineral Products

1,806.2

2,992.5

+1,186.2

+66%

Vegetable Products

2,772.0

2,455.0

(317.0)

(11%)

Prepared Foodstuffs; Beverages, Spirits

and Vinegar; Tobacco and

Manufactured Tobacco Substitutes

2,346.7

2,096.0

(250.7)

(11%)

Plastics and Articles Thereof; Rubber and

Articles Thereof

1,729.4

1,832.3

102.9

+6%

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

239.6

1,659.6

+1,420.0

+593%

Textiles and Textile Articles

1,687.5

1,655.9

(31.6)

(2%)

Other

7,755.8

8,761.4

+1,005.6

+13%

Total

40,739.3

50,340.2

+9,600.9

+24%

 

China topped the Kingdom's list of countries for imports, amounting to SAR 10.86 billion, accounting for 22% of the total value of imports in August.

 

The US and the United Arab Emirates came in the second and third positions at 10% and 8%, respectively.

 

Top 10 exporters to Saudi Arabia in August 2021 (SAR mln)

Country

August 2020

August 2021

Variation (%)

China

8,101.7

10,862.2

+34%

USA

4,613.8

5,228.4

+13%

UAE

2,766.7

4,071.7

+47%

India

2,106.9

2,835.3

+35%

Germany

2,146.9

2,386.2

+11%

Japan

1,065.4

2,158.1

+103%

Italy

1,661.4

1,599.9

(4%)

France

1,241.1

1,476.6

+19%

Bahrain

440.4

1,289.7

+193%

South Korea

816.8

1,090.5

+34%

Other countries

15,778.1

17,341.6

+10%

Total

40,739.3

50,340.2

+24%

 

 

Details and Historical Data of Imports

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