Non-metal permanent magnets imports in Saudi Arabia: data, top suppliers and prices
In 2024, Saudi Arabia imported non-metal permanent magnets worth $6.2 million (1.1 thousand tonnes). That is 199% more than in 2023. Over 2017-2024 the trade grew strongly, by about 30% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $6.2M | 1.1K t |
| 2023 | $2.1M | 112 t |
| 2022 | $1.3M | 169 t |
| 2021 | $1.1M | 120 t |
| 2020 | $458K | 57 t |
| 2019 | $648K | 79 t |
| 2018 | $802K | 74 t |
| 2017 | $985K | 98 t |
Where Saudi Arabia imports non-metal permanent magnets from
The largest suppliers were Norway (41%), China (39%), India (3%). Among the main suppliers, India grew fastest (+458% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Norway | $2.5M | 41% |
| China | $2.4M | 39% |
| India | $209K | 3.4% |
| United States | $157K | 2.6% |
| Taiwan | $122K | 2% |
| Mexico | $88K | 1.4% |
| Italy | $86K | 1.4% |
| Germany | $63K | 1% |
| France | $57K | 0.9% |
| United Kingdom | $54K | 0.9% |
Average import price per kg
The average declared value was about $5.38 per kg, close to the world average of $5.64.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Saudi Arabia?
The shipment records behind Saudi Arabia non-metal permanent magnets imports (HS 8505.19): companies, dates, quantities and declared values.
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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 8505.19: Magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal.
Common questions
What is the value of non-metal permanent magnets imported by Saudi Arabia?
Saudi Arabia imported non-metal permanent magnets worth $6.2 million in 2024, the latest year with complete public data, about 1.1 thousand tonnes. That ranks it 39th of 203 countries worldwide, with 0% of world imports. The value was up 199% on 2023.
Which countries supply non-metal permanent magnets to Saudi Arabia?
Norway was the largest supplier with 41% of the value ($2.5 million), followed by China (39%) and India (3%). The top three together account for 84%, out of 50 supplier countries in total. India grew fastest among the top ten, up 458% on the year.
What is the average import price of non-metal permanent magnets per kg?
The average declared import value was about $5.38 per kg in 2024, close to the world average of $5.64 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of non-metal permanent magnets to Saudi Arabia changed since 2017?
Imports went from $985 thousand in 2017 to $6.2 million in 2024, an increase of 526%. 2024 was the highest year in the period. Over 8 years the average was $1.7 million a year.
What is the HS code for non-metal permanent magnets?
The HS code for non-metal permanent magnets is subheading 8505.19. It sits in HS chapter 85 (electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles). The full list of codes and descriptions is on the HS 8505 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.
Same product, other countries
World non-metal permanent magnets trade: top importers and exporters
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