Saudi Arabia's exports of chemicals and related products jumped 14% year-on-year (YoY) to nearly SAR 7.63 billion in December 2024.
Compared with November 2024, chemical exports saw an increase of 16%, or SAR 1.04 billion.
Chemicals and related products made up 26% of December’s SAR 29.5 billion in non-oil exports, as shown in the following table:
|
Exports of chemical industry and related products (SAR mln) |
||||
|
Month |
2024 Exports |
2023 Exports |
Change |
Chemical Products/ Non-Oil Exports |
|
January |
7,035.2 |
5,479.7 |
(22%) |
23% |
|
February |
6,933.6 |
5,510.5 |
(21%) |
24% |
|
March |
7,512.2 |
6,754.7 |
(10%) |
29% |
|
April |
6,673.1 |
5,824.6 |
(13%) |
26% |
|
May |
7,340.2 |
6,885.9 |
(6%) |
24% |
|
June |
5,762.8 |
6,188.8 |
7% |
27% |
|
July |
6,457.6 |
6,541.7 |
1% |
26% |
|
August |
6,479.1 |
7,164.0 |
11% |
26% |
|
September |
6,295.2 |
6,851.1 |
9% |
25% |
|
October |
7,063.6 |
6,906.0 |
(2%) |
27% |
|
November |
6,565.4 |
6,593.3 |
0.4% |
24% |
|
December |
6,706.6 |
7,630.4 |
14% |
26% |
The US topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.14 billion, accounting for 14.9% of the total exports of chemical products in December. China followed with 14.6%, as shown in the table below:
|
Top Saudi Importers in December (SAR mln) |
||
|
Country |
Value |
% of Total |
|
US |
1,139.4 |
14.9% |
|
China |
1,117.4 |
14.6% |
|
India |
903.4 |
11.8% |
|
Belgium |
537.2 |
7.0% |
|
UAE |
426.8 |
5.6% |
|
Bangladesh |
278.4 |
3.6% |
|
Australia |
264.0 |
3.5% |
|
Egypt |
247.6 |
3.2% |
|
Indonesia |
217.5 |
2.8% |
|
Spain |
214.5 |
2.8% |
|
Other |
2284.2 |
29.9% |
|
Total |
7,630.4 |
100.0% |
Saudi Arabia’s imports of chemicals and related products reached SAR 6.69 billion in December, rising 38% YoY.
Chemical imports accounted for 8% of the total imports of SAR 79 billion, as shown in the following table:
|
Imports of Chemical Industry & Related Products (SAR mln)* |
||||
|
Month |
2023 Imports |
2024 Imports |
Change |
Chemical Products/ Imports |
|
January |
6,040.3 |
6,176.6 |
2% |
9% |
|
February |
5,706.2 |
5,834.8 |
2% |
9% |
|
March |
6,571.4 |
6,663.7 |
1% |
10% |
|
April |
5,408.4 |
6,029.9 |
11% |
10% |
|
May |
7,271.8 |
6,918.0 |
(5%) |
10% |
|
June |
5,590.6 |
5,807.3 |
4% |
10% |
|
July |
6,474.3 |
7,594.5 |
17% |
10% |
|
August |
6,122.7 |
6,466.8 |
6% |
9% |
|
September |
5,223.5 |
7,250.8 |
39% |
10% |
|
October |
6,210.2 |
6,536.6 |
5% |
9% |
|
November |
5,889.4 |
6,382.8 |
8% |
9% |
|
December |
4,834.7 |
6,687.4 |
38% |
8% |
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