2023
Exports
$23.2BWorld Rnk 20 / 226
Flag Rnk 2 / 21
2023
PRODUCT COMPLEXITY IN Chemical Products
2.31Rnk 1 / 1025
2023
Imports
$17.6BWorld Rnk 32 / 226
Flag Rnk 4 / 21
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $23.2B in Chemical Products, making it the 20th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 2nd most exported product in Saudi Arabia. The main destination of Chemical Products exports from Saudi Arabia are: China ($4.15B), India ($3.57B), United States ($1.63B), United Arab Emirates ($1.4B), and Oman ($961M).

The fastest growing export markets for Chemical Products of Saudi Arabia between 2022 and 2023 were Oman ($97.9M), Jordan ($55.4M), and Tanzania ($38.8M).

Imports In 2023, Saudi Arabia imported $17.6B in Chemical Products, becoming the 32nd largest importer of Chemical Products in the world. At the same year, Chemical Products was the 4th most imported product in Saudi Arabia. Saudi Arabia imports Chemical Products primarily from: United States ($1.86B), Germany ($1.7B), China ($1.44B), India ($1.38B), and United Arab Emirates ($1.07B).

The fastest growing import markets in Chemical Products for Saudi Arabia between 2022 and 2023 were Ireland ($322M), Italy ($223M), and Germany ($213M).

COMPANIES In 2023, leading companies such as Dow Chemical (6) and Hilti Power Tools (1) were at the forefront of shipping Chemical Products from Saudi Arabia to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Chemical Products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$23.2B
IMPORTS (2023)$17.6B
NET TRADE (2023)$5.65B

In 2023, Saudi Arabia exported $23.2B in Chemical Products. The main destinations of Saudi Arabia exports on Chemical Products were China ($4.15B), India ($3.57B), United States ($1.63B), United Arab Emirates ($1.4B), and Oman ($961M).

In 2023, Saudi Arabia imported $17.6B in Chemical Products, mainly from United States ($1.86B), Germany ($1.7B), China ($1.44B), India ($1.38B), and United Arab Emirates ($1.07B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Oman$97.9M (11.3%)
Jordan$55.4M (14.1%)
Tanzania$38.8M (81.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Saudi Arabia WERE (2022 - 2023):
India-$1.96B (-35.4%)
China-$1.19B (-22.3%)
Germany-$591M (-74.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Chemical Products were:
In 2023, Saudi Arabia's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $372M
TOP IMPORT POTENTIALGermany+ $480M

Chemical Products’s highest export potential is United States. With an export gap of $372M.   Chemical Products’s highest import potential is Germany with an import gap of $480M.

See methodology.

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