Digital Products
Saudi Arabia’s exports of chemical industry and related products dropped 13% year-on-year (YoY) to nearly SAR 6.54 billion in March.
Compared to February, the chemicals exports grew by 19%, or SAR 1.02billion, or 3%.
The exports of chemical industry and related products represented 28% of March’sSAR 23.3 billion non-oil exports, as shown in the following table:
Export of Chemical Industry & Related Products (SAR mln) | ||||
Month | 2023 | 2024 | Change (%) | Chemical products to total non-oil exports (%) |
January | 7035.2 | 5479.7 | (22%) | 23% |
February | 6933.6 | 5510.5 | (21%) | 24% |
March | 7512.2 | 6540.3 | (13%) | 28% |
April | 6673.4 | — | — | — |
May | 7338.9 | — | — | — |
June | 5762.8 | — | — | — |
July | 6314.6 | — | — | — |
August* | 6479.1 | — | — | — |
September* | 6297.2 | — | — | — |
October | 6963.4 | — | — | — |
November | 6680.4 | — | — | — |
December | 8564.6 | — | — | — |
*Updated.
China topped the list of chemical product importers from Saudi Arabia with nearly SAR 812.4 million, accounting for 12.4% of the total exports of chemical products in March. India and the UAE followed with 10.6% and 9%, respectively, as shown in the table below:
Major Importers from Saudi Arabia in March (SAR mln) | ||
Country | Value | Percentage to total chemical products exports |
China | 812.4 | 12.4% |
India | 695.3 | 10.6% |
UAE | 588.8 | 9.0% |
Belgium | 524.1 | 8.0% |
Thailand | 413.7 | 6.3% |
US | 331.7 | 5.1% |
Australia | 293.2 | 4.5% |
Singapore | 280.0 | 4.3% |
Spain | 250.9 | 3.8% |
Pakistan | 193.0 | 3.0% |
Turkey | 187.0 | 2.9% |
South Korea | 170.5 | 2.6% |
Other countries | 1799.7 | 27.5% |
Total | 6540.3 | 100 % |
The exports of chemical industry and related products reached SAR 6.61 billion in March, rising 1% YoY.
Chemicals imports jumped 13%, or SAR 772.8 million compared to February, accounting for 10% of the total imports of SAR 67.36 billion, , as shown in the following table:
Export of Chemical Industry & Related Products (SAR mln) | ||||
Month | 2023 | 2024 | Change (%) | Chemical products to total non-oil exports (%) |
January | 6040.3 | 6176.6 | 2 % | 9% |
February | 5706.2 | 5834.8 | 2 % | 9% |
March | 6571.4 | 6607.6 | 1 % | 10% |
April | 5885.2 | — | — | — |
May | 7314.6 | — | — | — |
June | 5590.6 | — | — | — |
July | 6500.7 | — | — | — |
August* | 6122.7 | — | — | — |
September* | 5280.5 | — | — | — |
October | 6114.4 | — | — | — |
November | 5889.4 | — | — | — |
December | 4822.9 | — | — | — |
*Updated.
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“ Saudi Arabia’s exports of chemical industry and related products dropped 13% year-on-year (YoY) to nearly SAR 6.54 billion in March. Compared to February, the chemicals exports grew by 19%,…”
Source Link: https://www.argaam.com/en/article/articledetail/id/1735494
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