Insights for Saudi Arabia

MoM insights: In the month-on-month analysis, Saudi Arabia's imports from Switzerland saw the highest increase with a trade value of 3.49B SAR, reflecting a significant value change of 984.42M SAR (39.34% increase). Japan followed closely with imports valued at 3.39B SAR, increasing by 471.81M SAR (16.18%). Egypt also contributed positively with imports of 1.96B SAR, up by 330.47M SAR (20.24%). On the downside, imports from China were the lowest, totaling 22.69B SAR, with a decrease of 2.54B SAR (-10.07%). France and Italy also saw declines, with imports of 1.52B SAR and 2.14B SAR, respectively, down by 895.23M SAR (-37.02%) and 893.46M SAR (-29.49%). Overall, total imports decreased by 5.29B SAR (-6.50%). For exports, Egypt led with 4.24B SAR, increasing by 1.29B SAR (43.55%), followed by the United States at 3.25B SAR, up by 859.48M SAR (35.96%). Spain also showed a strong performance with exports of 1.41B SAR, increasing by 774.18M SAR (122.22%). Conversely, exports to China were the lowest at 13.62B SAR, down by 1.29B SAR (-8.63%). Indonesia and the UAE also faced declines, with exports of 558.23M SAR and 11.98B SAR, down by 890.21M SAR (-61.46%) and 793.31M SAR (-6.21%), respectively. Total exports increased by 360.53M SAR (0.37%).

YoY insights: In the year-on-year analysis, imports from China showed the most significant growth, reaching 22.69B SAR, with a value change of 7.44B SAR (48.83%). The United Arab Emirates followed with imports of 6.1B SAR, increasing by 2.84B SAR (87.18%). Switzerland also saw a notable increase, with imports valued at 3.49B SAR, up by 2.25B SAR (181.37%). On the contrary, imports from Egypt were the lowest at 1.96B SAR, down by 942.75M SAR (-32.44%). Indonesia and Spain also faced declines, with imports of 824.11M SAR and 734.63M SAR, down by 464.39M SAR (-36.04%) and 421.06M SAR (-36.43%), respectively. Overall, total imports increased by 12.96B SAR (20.51%). For exports, the United Arab Emirates led with 11.98B SAR, increasing by 2.83B SAR (30.94%), followed by Malta at 2.86B SAR, up by 2.46B SAR (624.83%). Singapore also performed well with exports of 2.66B SAR, increasing by 1.56B SAR (143.20%). However, exports to South Korea were the lowest at 6.92B SAR, down by 2.55B SAR (-26.90%). China and Poland also saw declines, with exports of 13.62B SAR and 2.47B SAR, down by 1.54B SAR (-10.17%) and 1.44B SAR (-36.79%), respectively. Overall, total exports increased by 5.34B SAR (5.70%).