The ICT goods imports in Saudi Arabia saw varied trends from 2013 to 2023, with an average variation per year of 0.43% over the last five years. The highest year-on-year variation occurred in 2017 with an 18.75% increase, while 2016 experienced a significant drop of 13.31%. Following moderate annual increases of 5.8% in 2019 and minor fluctuations in subsequent years, the value for 2023 stood at 7.68. Projections indicate a steady import value around 7.7 from 2024 to 2028, showing a 5-year CAGR of 0.04%.
Future trends to watch for:
- Technological advancements driving demand for more sophisticated ICT goods.
- Potential impact of global trade policies on import costs and volumes.
- Local production initiatives and their effect on import dependency.
