Formic acid salts imports in Saudi Arabia: data, top suppliers and prices
Imports of formic acid salts by Saudi Arabia reached $5.7 million in 2024 (6.0 thousand tonnes). Its share of world imports was 2%. Value rose 29% on 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2018, at $15.2 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $5.7M | 6.0K t |
| 2023 | $4.4M | 4.5K t |
| 2022 | $7.3M | 6.0K t |
| 2021 | $5.0M | 5.5K t |
| 2020 | $3.9M | 5.3K t |
| 2019 | $13.5M | 15.4K t |
| 2018 | $15.2M | 17.6K t |
| 2017 | $4.5M | 5.6K t |
Where Saudi Arabia imports formic acid salts from
Most of the value came from China (39%), Norway (28%), Sweden (14%). Among the main suppliers, Canada grew fastest (+281% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| China | $2.2M | 39% |
| Norway | $1.6M | 28% |
| Sweden | $811K | 14% |
| Germany | $754K | 13% |
| Canada | $314K | 5.5% |
| United Kingdom | $28K | 0.5% |
| Netherlands | $20K | 0.4% |
| India | $4K | 0.1% |
| Malaysia | $2K | 0% |
| Spain | $1K | 0% |
Average import price per kg
The average declared value was about $0.95 per kg, close to the world average of $0.81.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Formic acid salts exports from Saudi Arabia
Saudi Arabia exported $1.4 million of formic acid salts in 2024 (3.0 thousand tonnes). India alone took 87% of it.
| Destination | Value | Share |
|---|---|---|
| India | $1.2M | 87% |
| Germany | $116K | 8.4% |
| United Arab Emirates | $42K | 3% |
| Japan | $27K | 2% |
| Yemen | $1K | 0.1% |
Who is behind these numbers in Saudi Arabia?
The shipment records behind Saudi Arabia formic acid salts imports (HS 2915.12): companies, dates, quantities and declared values.
Shipment records are in the platform
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Mirror data: built from the shipment records of the countries that trade with it.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2915.12: Acids: saturated acyclic monocarboxylic acids: salts of formic acids.
Common questions
What is the value of formic acid salts imported by Saudi Arabia?
Saudi Arabia imported formic acid salts worth $5.7 million in 2024, the latest year with complete public data, about 6.0 thousand tonnes. That ranks it 19th of 149 countries worldwide, with 2% of world imports. The value was up 29% on 2023.
Which countries supply formic acid salts to Saudi Arabia?
China was the largest supplier with 39% of the value ($2.2 million), followed by Norway (28%) and Sweden (14%). The top three together account for 80%, out of 12 supplier countries in total. The Netherlands grew fastest among the top ten, up 756% on the year.
What is the average import price of formic acid salts per kg?
The average declared import value was about $0.95 per kg in 2024, 17% above the world average of $0.81 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of formic acid salts to Saudi Arabia changed since 2017?
Imports went from $4.5 million in 2017 to $5.7 million in 2024, an increase of 27%. The peak was 2018 at $15.2 million. Over 8 years the average was $7.4 million a year.
Does Saudi Arabia also export formic acid salts?
Yes. Saudi Arabia exported $1.4 million worth of this product in 2024, mainly to India, Germany and the United Arab Emirates. On balance Saudi Arabia is a net importer of this product, by about $4.3 million a year.
What is the HS code for formic acid salts?
The HS code for formic acid salts is subheading 2915.12. It sits in HS chapter 29 (organic chemicals). The full list of codes and descriptions is on the HS 2915 page.
How can I find the companies behind this trade?
EximDataX rebuilds Saudi Arabia trade from the customs records of its trading partners, so the companies shipping to and from it are visible. Ask for a live look at your product.
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