Saudi Arabia’s merchandise imports grew 14% year-on-year (YoY) in November to SAR 73.7 billion, according to data issued by the General Authority for Statistics (GASTAT).
Moreover, merchandise imports decreased 4%, or nearly SAR 3 billion, month-on-month (MoM), as follows:
|
Saudi Merchandise Imports (SAR bln)* |
||||
|
Month |
2023 |
2024 |
Value |
YoY Change (%) |
|
January |
66.07 |
67.04 |
+ 0.97 |
+1% |
|
February |
56.20 |
67.14 |
+ 10.95 |
+19% |
|
March |
66.69 |
73.59 |
+ 6.90 |
+10% |
|
April |
61.12 |
63.99 |
+ 2.88 |
+5% |
|
May |
68.44 |
75.02 |
+ 6.58 |
+10% |
|
June |
60.80 |
69.27 |
+ 8.47 |
+14% |
|
July |
66.79 |
77.92 |
+ 11.13 |
+17% |
|
August |
67.44 |
69.77 |
+ 2.33 |
+3% |
|
September |
60.75 |
73.32 |
+ 12.57 |
+21% |
|
October |
74.87 |
76.67 |
+ 1.80 |
+2% |
|
November |
64.66 |
73.65 |
+ 8.99 |
+14% |
|
December |
62.20 |
-- |
-- |
-- |
Imports of machinery and mechanical appliances, electrical equipment, and parts thereof accounted for 28%, or SAR 20.7 billion, of the total Saudi imports in November.
Vehicles, aircraft, vessels, and associated transport equipment came in second at roughly 14%.
The table below shows details of Saudi imports in November by segment:
|
Saudi Imports by Segment in November (SAR bln) |
||||
|
Segment |
November 2023 |
November 2024 |
Value |
Change (%) |
|
Machinery and Mechanical Appliances; Electrical Equipment; Parts Thereof |
16.90 |
20.69 |
+3.79 |
+22% |
|
Vehicles, Aircraft, Vessels, and Associated Transport Equipment |
8.55 |
10.43 |
+1.88 |
+22% |
|
Products of the Chemical or Allied Industries |
5.74 |
6.33 |
+0.59 |
+10% |
|
Base Metals and Articles of Base Metal |
6.42 |
6.30 |
(0.11) |
(2%) |
|
Mineral Products |
3.99 |
3.67 |
(0.32) |
(8%) |
|
Precious Stones or Metals and Their Articles, Jewelry |
2.34 |
3.08 |
+0.74 |
+32% |
|
Food Products, Beverages, and Tobacco |
2.91 |
3.06 |
+0.15 |
+5% |
|
Vegetable Products |
2.88 |
2.65 |
(0.24) |
(8%) |
|
Plastics and Articles Thereof; Rubber and Articles Thereof |
2.17 |
2.41 |
+0.24 |
+11% |
|
Arms and ammunition - parts and accessories |
0.52 |
2.32 |
+1.80 |
+342% |
|
Others |
12.25 |
12.72 |
+0.47 |
+4% |
|
Total |
64.66 |
73.65 |
+8.99 |
+14% |
Saudi Arabia’s imports came mainly from China in November, at SAR 20.1 billion (27%) of the total. The US came in second with SAR 7.5 billion, followed by the UAE (SAR 3.9 billion).
The top 10 exporters to Saudi Arabia accounted for almost 67%, or SAR 49.6 billion, of total imports in the same month, as shown below:
|
Top 10 Exporters to Saudi Arabia in November (SAR bln) |
||
|
Country |
Value |
% of Total |
|
China |
20.12 |
27.3% |
|
US |
7.52 |
10.2% |
|
UAE |
3.90 |
5.3% |
|
Germany |
3.22 |
4.4% |
|
India |
3.14 |
4.3% |
|
Japan |
2.83 |
3.8% |
|
Italy |
2.59 |
3.5% |
|
Switzerland |
2.41 |
3.3% |
|
Egypt |
2.19 |
3.0% |
|
South Korea |
1.71 |
2.3% |
|
Other Countries |
24.02 |
32.6% |
|
Total |
73.65 |
100.0% |
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