China ranks top supplier to the Kingdom, with a value of 40.6 billion riyals during Q3

China maintained its first position as the largest supplier to the Kingdom with a value of 40.6 billion riyals during the third quarter of 2023, with an annual growth estimated at 7.4%. The largest imported products were machinery, automatic equipment, and electrical equipment, while America came in second place with a value of imports amounting to 17.9 billion riyals, with an annual growth of 10.8%. % Machinery, mechanical appliances and electrical equipment were the largest products imported, while the UAE ranked third with an annual growth of 2.1% to reach 12.1 billion riyals, while the largest products imported included precious stones.

The economic report for the third quarter of 2023 issued by the Ministry of Economy and Planning revealed that imports to the Kingdom increased in the third quarter of 2023 by 9.4% compared to the same period in 2022 to reach a value of 200 billion riyals, as a result of the increase in the most important import products, which are machinery, electrical appliances, vehicles and equipment. Transportation, which represents 22% and 18.1% of total imports, an increase of 29.1% and 53.9% compared to the third quarter of 2022, and in third place is “Food Products”, which occupies 6.7% of total imports, a decrease of 24.3% compared to the same quarter of 2022. Year 2022.