All 15 of the fastest-growing Saudi import products posted triple-digit upticks in value from 2010 to 2014. Percentage gains ranged from 124% for worn clothing and miscellaneous textiles to an astounding 83,473,400% for imported arms and ammunition.
Overall, Saudi imports rose 42.7% over the 5-year period.
Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at trends as opposed to uncovering opportunities at the more micro 8-digit code level.
Fastest-Growing Saudi Import Products
Listed below in descending order are the fastest-growing Saudi import products. Also shown is the percentage increase in value for each import product category from 2010 to 2014.
- Arms, ammunition: Up by 83,473,400% (US$834,735,000)
- Oil: Up by 4,569% ($11,384,299,000)
- Knitted or crocheted fabric: Up by 1,078% ($94,445,000)
- Nickel: Up by 843.1% ($135,545,000)
- Other base metals: Up by 578.8% ($79,344,000)
- Raw hides excluding furskins: Up by 416.0% ($3,963,000)
- Feathers, artificial flowers, hair: Up by 241.1% ($38,291,000)
- Knit or crochet clothing: Up by 220.7% ($1,819,184,000)
- Textile floor coverings: Up by 199.2% ($539,743,000)
- Explosives, pyrotechnics: Up by 161.5% ($45,926,000)
- Furniture, lighting, signs: Up by 161.5% ($3,361,379,000)
- Special woven/tufted fabric: Up by 135.9% ($152,014,000)
- Aircraft, spacecraft: Up by 125.9% ($4,937,731,000)
- Coated textile fabric: Up by 125.2% ($133,544,000)
- Other textiles, worn clothing: Up by 124% ($622,772,000)
Bombs, grenades, ammunitions and their parts accounted for the highest dollar value increases under the arms and ammunition product category.
Saudi purchases of imported processed petroleum oils (excluding crude) represent the top gainer for the second-place oil category.
Pile fabrics including terry fabrics led the knitted or crocheted fabric category to its finish as Saudi Arabia’s third-fastest import product category.
Raw nickel also posted significant purchase increases from Saudi importers.
The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on June 4, 2015
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on June 4, 2015