Insights for Saudi Arabia

MoM insights: In the month-on-month analysis, Saudi Arabia's imports totaled 84.16B SAR, reflecting a significant increase of 6.77B SAR, which corresponds to a growth rate of approximately 8.75%. The top three countries contributing to this increase were China (24.2B SAR, up by 3.53B SAR or 17.06%), Turkey (2.8B SAR, up by 1.68B SAR or 150.45%), and Oman (1.71B SAR, up by 835.79M SAR or 95.71%). Conversely, the bottom three countries showed declines: the United States (6.01B SAR, down by 1.9B SAR or -24.03%), Switzerland (1.27B SAR, down by 915.17M SAR or -41.88%), and the United Arab Emirates (4.23B SAR, down by 560.71M SAR or -11.70%). For exports, the total was 97.18B SAR, with a decrease of 2.55B SAR, translating to a decline of about 2.55%. The leading contributors to this decline were China (11.29B SAR, down by 2.18B SAR or -16.19%), Singapore (2.04B SAR, down by 1.64B SAR or -44.50%), and the United Arab Emirates (10.51B SAR, down by 1.2B SAR or -10.23%).

YoY insights: In the year-on-year analysis, imports reached 84.16B SAR, marking an increase of 5.12B SAR, which is a growth rate of approximately 6.48%. The top three countries for this growth were China (24.2B SAR, up by 5.59B SAR or 30.07%), Turkey (2.8B SAR, up by 1.5B SAR or 115.33%), and France (2.72B SAR, up by 1.11B SAR or 68.85%). The bottom three countries showed declines: Switzerland (1.27B SAR, down by 1.6B SAR or -55.72%), the United Kingdom (1.73B SAR, down by 1.31B SAR or -43.06%), and the United States (6.01B SAR, down by 1.17B SAR or -16.31%). Exports totaled 97.18B SAR, with an increase of 2.89B SAR, reflecting a growth rate of about 3.06%. The top contributors to this growth were the United Arab Emirates (10.51B SAR, up by 2.81B SAR or 36.48%), Malta (3.03B SAR, up by 2.63B SAR or 651.43%), and Japan (11.36B SAR, up by 1.64B SAR or 16.89%). The bottom three countries for exports were South Korea (8.42B SAR, down by 1.39B SAR or -14.14%), Poland (2.73B SAR, down by 1.13B SAR or -29.29%), and Malaysia (851.98M SAR, down by 1.07B SAR or -55.64%).