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 importsin thesame month,as shown below:
Top 10 Exporters to Saudi Arabia in November (SAR bln)
Country
Value
% ofTotal
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%
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 importsin thesame month,as shown below:
Top 10 Exporters to Saudi Arabia in November (SAR bln)
Country
Value
% ofTotal
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%
