Saudi Arabia’s exports of chemical industry and related products fell by 2% year-on-year (YoY) to nearly SAR 6.46 billion in November.
Compared to October 2024, the chemical exports decreased by SAR 446.7 million, or 6%.
Chemical industry and related products accounted for 24% of November’s SAR 26.9 billion in non-oil exports, as shown in the table below:
Exports of Chemical Industry Related Products (SAR mln)*
Month
2023
2024
Change (%)
Chemical products to total 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
6,801.4
(4%)
27%
November
6,565.4
6,459.3
(2%)
24%
December
8,564.6
—
—
—
*Data is periodically updated
India topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.3 billion, accounting for 21% of the total exports of chemical products in November. China followed with 13%,as shown in the table below:
Major Importers from Saudi Arabia in October (SAR mln)
Country
Value
Percentage to total chemical exports
India
1.346.4
20.8%
China
861.1
13.3%
Turkey
323.8
5.0%
UAE
319.4
4.9%
South Korea
278.2
4.3%
Bangladesh
269.4
4.2%
Singapore Oman
240.1
3.7%
US
227.4
3.5%
Egypt
214.9
3.3%
Austarlia
208.0
3.2%
Other countries
2.170.6
33.6%
Total
6.459.3
100%
Saudi Arabia’s imports of chemical industry and related products reached SAR 6.3 billion in November, rising 10% YoY.
Chemical imports accounted for 9% of the total imports of SAR 73.7 billion,as shown in the following table:
Imports of Chemical Industry Related Products (SAR mln)*
Month
2023
2024
Change (%)
Chemical products to total non-oil 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
5,739.1
6,332.1
10%
9%
December
4,822.9
—
—
—
*Data is periodically updated
Saudi Arabia’s exports of chemical industry and related products fell by 2% year-on-year (YoY) to nearly SAR 6.46 billion in November.
Compared to October 2024, the chemical exports decreased by SAR 446.7 million, or 6%.
Chemical industry and related products accounted for 24% of November’s SAR 26.9 billion in non-oil exports, as shown in the table below:
Exports of Chemical Industry Related Products (SAR mln)*
Month
2023
2024
Change (%)
Chemical products to total 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
6,801.4
(4%)
27%
November
6,565.4
6,459.3
(2%)
24%
December
8,564.6
—
—
—
*Data is periodically updated
India topped the list of chemical product importers from Saudi Arabia with nearly SAR 1.3 billion, accounting for 21% of the total exports of chemical products in November. China followed with 13%,as shown in the table below:
Major Importers from Saudi Arabia in October (SAR mln)
Country
Value
Percentage to total chemical exports
India
1.346.4
20.8%
China
861.1
13.3%
Turkey
323.8
5.0%
UAE
319.4
4.9%
South Korea
278.2
4.3%
Bangladesh
269.4
4.2%
Singapore Oman
240.1
3.7%
US
227.4
3.5%
Egypt
214.9
3.3%
Austarlia
208.0
3.2%
Other countries
2.170.6
33.6%
Total
6.459.3
100%
Saudi Arabia’s imports of chemical industry and related products reached SAR 6.3 billion in November, rising 10% YoY.
Chemical imports accounted for 9% of the total imports of SAR 73.7 billion,as shown in the following table:
Imports of Chemical Industry Related Products (SAR mln)*
Month
2023
2024
Change (%)
Chemical products to total non-oil 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
5,739.1
6,332.1
10%
9%
December
4,822.9
—
—
—
*Data is periodically updated
