Insights for Saudi Arabia

MoM insights: In the month-on-month analysis, imports from the United Arab Emirates saw the highest increase with a trade value of 6.28B SAR, reflecting a significant rise of 2.05B SAR (48.35%). Switzerland followed with an increase of 2.5B SAR, marking a 97.05% change. China also contributed with an increase of 25.23B SAR, but with a modest rise of 1.04B SAR (4.28%). On the lower end, Turkey experienced a decline in imports with a trade value of 1.28B SAR, down by 1.52B SAR (-54.37%). Germany's imports decreased to 3.32B SAR, down by 716.09M SAR (-17.75%), and Japan saw a drop to 2.92B SAR, down by 668.26M SAR (-18.65%). For exports, China led with a trade value of 14.91B SAR, increasing by 3.62B SAR (32.09%). The United Arab Emirates followed with 12.78B SAR, up by 2.27B SAR (21.59%). Singapore also saw a rise to 3.26B SAR, increasing by 1.21B SAR (59.32%). On the downside, the United States had a significant drop in exports to 2.39B SAR, down by 2.77B SAR (-53.70%). Japan's exports fell to 8.62B SAR, down by 2.73B SAR (-24.07%), and South Korea's exports decreased to 6.92B SAR, down by 1.5B SAR (-17.81%).

YoY insights: In the year-on-year analysis, imports from China showed the most substantial growth with a trade value of 25.23B SAR, increasing by 6.07B SAR (31.65%). The United Arab Emirates also saw a notable increase to 6.28B SAR, up by 2.31B SAR (58.40%). Switzerland's imports rose to 2.5B SAR, with an increase of 1.04B SAR (70.67%). Conversely, Egypt's imports fell to 1.63B SAR, down by 850.95M SAR (-34.26%). Brazil's imports decreased to 1.31B SAR, down by 452.86M SAR (-25.64%), and Argentina's imports dropped to 303.46M SAR, down by 405.98M SAR (-57.57%). For exports, the United Arab Emirates led with a trade value of 12.78B SAR, increasing by 4.34B SAR (51.38%). Malta followed with 2.87B SAR, up by 2.22B SAR (421.06%). Singapore's exports rose to 3.26B SAR, with an increase of 925.13M SAR (39.67%). On the lower end, South Korea's exports fell to 6.92B SAR, down by 2.13B SAR (-23.57%). Japan's exports decreased to 8.62B SAR, down by 1.28B SAR (-12.90%), and Malaysia's exports dropped to 1.33B SAR, down by 1.04B SAR (-43.91%).