Saudi Arabia Import Export Business in 2022 - International Trade data | Tendata

Imports

In 2022, the Kingdom of Saudi Arabia purchased $140 billion worth of imports from the world. Compared to $152.3 billion in 2021, Saudi Arabia's import spending declined by -8.1% year-over-year.

In 2022, Saudi Arabia's top 5 imported products expenses include automobiles, processed petroleum, telephony devices including smartphones, dosage mixes of medicines, and unwrought gold.

Top Suppliers of Saudi Arabia's Imports

The latest data shows that Saudi Arabia's imports are mainly supplied by exporters from the following countries: mainland China (20.4% of Saudi Arabia's total), the US (10.2%), the UAE (8.2%), India (5.3%), Germany (4.9%), Japan (4%), Italy (3%), Egypt (2.8%), France (2.7%), the UK ( 2.4%), South Korea (2.2%) and Bahrain (1.7%).

Saudi Arabia's Top 10 Imports

1. Automobiles: $17.6 billion (12.5% of total imports)

2. Machinery including computers: $15.9 billion (11.4%)

3. Electrical machinery and equipment: $11 billion (7.8%)

4. Mineral fuels including oil: $5.58 billion (4%)

5. Pharmaceuticals: $5.55 billion (4%)

6. Cereals: $4.45 billion (3.2%)

7. Iron and steel: $4.1 billion (3%)

8. Plastics, plastic products: $3.9 billion (2.8%)

9. Gems, precious metals: $3.8 billion (2.7%)

10. Furniture, bedding, lighting, signs, prefabricated buildings: $3.8 billion (2.7%)

Saudi Arabia's top 10 imports account for 54% of the total value of products it purchases from other countries.

Furniture, bedding, lighting, signs, and prefabricated buildings will grow the fastest in 2019. Value is among the top 10 import categories, growing by 42.9% from 2021 to 2022. Grain purchases ranked second, up 29.7%, driven by increased spending on barley, corn, and rice.

Gemstones and precious metals saw the steepest decline among Saudi Arabia's top 10 imports, down -29.5% year-on-year. Prices in this category declined due to lower spending on imported jewelry and gold.

Exports

Saudi Arabia's exports to the world in 2022 are valued at $320.5 billion. This represents a 19.8% year-on-year increase in Saudi Arabia's total exports compared to $267.5 billion in 2021.

Top Saudi Arabia's exports include crude oil, refined petroleum and oil and gas.

Saudi Arabia's Largest Trading Partners

The latest pro rata figures show that Saudi Arabia's exports are mainly purchased by importers in mainland China (15.1% of the Saudi total), the United Arab Emirates (8.9%), India (8%), Turkey (5.5%), Singapore (5%), Belgium (4.5%), Egypt (4.1%), the United States (3.7%), Jordan (2.8%), Kuwait (2.5%), and the United States (3.7%), Kuwait (2.5%), South Korea (2.05%) and Malaysia (1.95%).

Saudi Arabia's Top 10 Exports

1. Fossil fuels including oil: $268.5 billion (83.8% of total exports)

2. Plastics, plastic products: $19.6 billion (6.1%)

3. Organic chemicals: $14 billion (4.4%)

4. Fertilizers: $4 billion (1.3%)

5. Aluminum: $2.3 billion (0.7%)

6. Inorganic chemicals: $1.75 billion (0.5%)

7. Gems, precious metals: $1.4 billion (0.4%)

8. Salt, sulfur, stone, cement: $1.1 billion (0.3%)

9. Copper: $977.2 million (0.3%)

10. Rubber, rubber products: $839.1 million (0.3%)

Saudi Arabia's top 10 export product categories account for 98.1% of its total global export value.

Salt, sulfur, stone, and cement are the 10 fastest-growing export categories among the top 10 export product categories, increasing by 172.9% from 2021 to 2022. The second highest growth in export sales was rubber, both as a material and as a product made from rubber products, which grew by 65.7%. Saudi Arabia ranked third in terms of growth in shipments of fossil fuels, including oil, up 30.3% year-on-year. This product category was boosted by increased revenues from Saudi crude oil exports.

The largest decline in Saudi Arabia's top 10 export categories was plastics, including materials and plastic products. Sales in this category declined by -16.9% compared to sales in 2021.

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