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Who buys Saudi Arabia’s methanol? Export destinations 2024

In 2024, Saudi Arabia exported $1.6 billion of methanol (5.1 million tonnes), 12.3% of the world total. Its main destinations were China (32%), Japan (13%) and India (13%). Saudi Arabia was the world’s 3rd-largest exporter of methanol.

Summary

Value
$1.6billion
Tonnes
5.1million tonnes
Share of world total
12.3%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China513Tonnes: 1,759,632USD per tonne: $29232.2%Sea
Japan203Tonnes: 689,727USD per tonne: $29412.7%Sea
India201Tonnes: 677,189USD per tonne: $29712.6%Sea
Taiwan165Tonnes: 439,254USD per tonne: $37610.4%Sea
South Korea107Tonnes: 321,421USD per tonne: $3336.7%Sea
United Arab Emirates67.1Tonnes: 208,708USD per tonne: $3214.2%Sea
Thailand64.7Tonnes: 218,792USD per tonne: $2964.1%Sea
Singapore re-exports61.4Tonnes: 146,595USD per tonne: $4193.9%Sea
Pakistan55.8Tonnes: 167,089USD per tonne: $3343.5%Sea
Indonesia34.3Tonnes: 122,582USD per tonne: $2802.2%Sea
Spain18.4Tonnes: 52,045USD per tonne: $3531.2%Sea
Malaysia17.6Tonnes: 58,622USD per tonne: $3001.1%Sea
Italy17.3Tonnes: 55,086USD per tonne: $3141.1%Sea
Philippines10.6Tonnes: 30,628USD per tonne: $3480.67%Sea
Slovenia8.4Tonnes: 31,500USD per tonne: $2670.53%Sea
South Africa8.3Tonnes: 26,279USD per tonne: $3140.52%Sea
Vietnam7.5Tonnes: 22,000USD per tonne: $3420.47%Sea
Netherlands re-exports7.4Tonnes: 25,258USD per tonne: $2940.47%Sea
Egypt6.9Tonnes: 18,741USD per tonne: $3680.43%Sea
Sri Lanka3.3Tonnes: 7,766USD per tonne: $4300.21%Sea

Trend

Who it sells to

China has been its main destination since 2019

Value in USD millions. The five largest destinations in 2024.

  • China 513
  • Japan 203
  • India 201
  • Taiwan 165
  • South Korea 107

Source: CEPII BACI

Show the numbers
Partner19952024
China8.5513
Japan211203
India0.04201
Taiwan33.3165
South Korea19107

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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