Saudi exports via Bab el-Mandeb drop to one-third of average amid Houthi disruption
Saudi Arabia’s exports through the Bab el-Mandeb Strait have fallen sharply, with weekly traffic since early August dropping to less than one-third of the 2023 seven-day average. Shipping data firm Kpler reported only five ships carrying Saudi products passed through in the past seven days, down from a weekly high of 11 in late July. The decline is attributed to Houthi armed forces expanding influence on the Red Sea coast, disrupting shipping through this critical chokepoint for Saudi oil exports.
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Houthi Red Sea Control Cuts Saudi Export Shipping to Pre-War Lows, Data Shows
According to a CBS report on September 19, the Houthi armed forces' recent expansion of influence on the Red Sea coast has disrupted shipping in the Bab el-Mandeb Strait, causing a significant drop in Saudi Arabia's export transportation. Shipping data firm Kpler reported that only five ships carrying Saudi products passed through the Bab el-Mandeb Strait in the past seven days, well below one-third of the 2023 seven-day average. The previous weekly high was 11 ships in the week of July 24. The Bab el-Mandeb Strait is a key channel for Saudi oil exports. The Houthis currently state there are no threats to navigation except for Saudi ships, but analysts express concern that any attack could reduce shipping companies' willingness to use the route. Data indicates commodity tanker traffic in the strait has been below normal levels over the past week but has not been completely halted.
Read sourceCBS Data Shows Saudi Exports via Bab el-Mandeb Sluggish, Traffic Below One-Third of Average
According to CBS data cited by tradealpha, Saudi Arabia's exports through the Bab el-Mandeb Strait remain sluggish. Weekly traffic since the beginning of August has been less than one-third of the seven-day average for the year 2023. The report indicates a sustained decline in shipping activity through this strategic chokepoint, which connects the Red Sea to the Gulf of Aden. The data suggests ongoing disruptions or reduced trade flows affecting Saudi shipments via this route, though the specific causes are not detailed in the summary. The observation is attributed to CBS and tradealpha, with no additional commentary or forecasts provided.
Read sourceHouthi Control of Red Sea Passage Cuts Saudi Export Shipping to Pre-War Lows
According to a CBS report cited by Golden Ten Data on September 19, the Houthi armed forces' expanding influence on the Red Sea coast is disrupting shipping in the Bab el-Mandeb Strait, causing a significant drop in Saudi Arabia's export transportation. Shipping data firm Kpler reported that only five ships carrying Saudi products passed through the Bab el-Mandab Strait in the past seven days, well below one-third of this year's seven-day average. The previous week's high was 11 ships in the week of July 24. The Bab el-Mandeb Strait is a key route for Saudi oil exports. While the Houthis claim there are no threats to navigation except for Saudi ships, there are concerns that any attack could reduce shipping companies' willingness to use the route. Data shows commodity tanker traffic in the strait has been below normal levels over the past seven days but has not been completely disrupted.
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Saudi Arabia's Exports via Bab el-Mandeb Strait Drop to One-Third of July Level
According to a report cited by the Financial Associated Press on September 19, data indicates that Saudi Arabia's exports through the Bab el-Mandeb Strait have remained sluggish. Since the beginning of August, weekly traffic through the strategic waterway has been less than one-third of the average level recorded in July of this year. The report does not specify the cause of the decline, but the Bab el-Mandeb Strait is a critical chokepoint for global oil and trade shipments, and reduced traffic may reflect ongoing regional security concerns or shifts in trade routes. The data underscores a sustained downturn in Saudi export activity via this route over the past six weeks.
Saudi Arabia's Bab el-Mandeb Exports Remain Sluggish, Traffic Drops Below One-Third of Average
According to a report by CBS, cited by Chinese financial data provider Jin10, data indicates that Saudi Arabia's exports through the Bab el-Mandeb Strait continue to be sluggish. Weekly traffic through the strategic waterway since the beginning of August has fallen to less than one-third of the seven-day average recorded for the year so far. The report highlights a sustained decline in shipping activity, likely reflecting ongoing regional disruptions or security concerns affecting trade routes. No further details on the causes or specific commodities were provided in the brief item.
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