2022
Exports
$28BWorld Rnk 18 / 226
Flag Rnk 2 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$16.9BWorld Rnk 33 / 226
Flag Rnk 3 / 21
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $28B in Chemical Products, making it the 18th 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: India ($5.48B), China ($4.99B), United States ($1.5B), United Arab Emirates ($1.38B), and Kuwait ($1.13B).

The fastest growing export markets for Chemical Products of Saudi Arabia between 2021 and 2022 were India ($2.02B), Kuwait ($822M), and China ($523M).

Imports In 2022, Saudi Arabia imported $16.9B in Chemical Products, becoming the 33rd largest importer of Chemical Products in the world. At the same year, Chemical Products was the 3rd most imported product in Saudi Arabia. Saudi Arabia imports Chemical Products primarily from: United Arab Emirates ($2.46B), India ($1.71B), China ($1.55B), Germany ($1.55B), and United States ($1.28B).

The fastest growing import markets in Chemical Products for Saudi Arabia between 2021 and 2022 were United Arab Emirates ($850M), China ($617M), and Kuwait ($447M).

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

Oct 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 (2022)$28B
IMPORTS (2022)$16.9B
NET TRADE (2022)$11.1B

In 2022, Saudi Arabia exported $28B in Chemical Products. The main destinations of Saudi Arabia exports on Chemical Products were India ($5.48B), China ($4.99B), United States ($1.5B), United Arab Emirates ($1.38B), and Kuwait ($1.13B).

In 2022, Saudi Arabia imported $16.9B in Chemical Products, mainly from United Arab Emirates ($2.46B), India ($1.71B), China ($1.55B), Germany ($1.55B), and United States ($1.28B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
India$2.02B (58.4%)
Kuwait$822M (268%)
China$523M (11.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Saudi Arabia WERE (2021 - 2022):
Bangladesh-$598M (-100%)
Belgium-$347M (-36.5%)
Italy-$144M (-40.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Chemical Products were:
In 2022, 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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