Agarwood, also known as oud or aloeswood, is a fragrant resinous wood that is highly prized for its distinctive aroma and is used in a variety of cultural and religious practices in Saudi Arabia.
Saudi Arabia is one of the major importers and traders of agarwood in the world. Let's take a closer look at the import and sale statistics of agarwood in Saudi Arabia.
According to the latest available data from the United Nations Comtrade database, Saudi Arabia imported $26.5 million worth of agarwood in 2019. This represents a significant increase from previous years, with the country importing only $6.5 million worth of agarwood in 2015.
The largest exporters of agarwood to Saudi Arabia in 2019 were Cambodia, Thailand, and Vietnam. These countries accounted for the majority of Saudi Arabia's agarwood imports, with Cambodia alone supplying over 50% of the total.
Agarwood has a long history of use in the Middle East and is considered to be one of the most valuable natural resources in the region. In Saudi Arabia, agarwood is commonly used in traditional medicine, as well as in perfumes, incense, and other aromatic products.
One of the most important uses of agarwood in Saudi Arabia is in the production of traditional attar perfumes. Attar is a type of perfume that is made from natural ingredients, including essential oils, resins, and other fragrant materials. Agarwood is a key component in many attar blends, and is valued for its rich, earthy aroma and long-lasting scent.
In addition to its use in perfumes and aromatherapy, agarwood is also used in religious practices in Saudi Arabia. The wood is believed to have spiritual properties and is often burned as incense during religious ceremonies and rituals.
In Saudi Arabia, agarwood is also used in traditional medicine to treat a variety of ailments. The wood is believed to have antiseptic, anti-inflammatory, and analgesic properties, and is used to treat everything from headaches and fever to digestive issues and respiratory problems.
However, due to the high demand for agarwood and its limited availability, the wood has become increasingly rare and expensive in recent years. As a result, efforts are being made to conserve and sustainably harvest agarwood in Saudi Arabia and other countries where the wood is found.
Welcome to Binh Nghia Company
Binh Nghia Co., Ltd. is one of the leading agarwood production companies.
Now over decades of experience Binh Nghia Co., Ltd. has become one of the world's leading Oud producers.
Our products are 100% organic. Our factory is the largest in Vietnam for the production of agarwood. We specialize in this field for 40 years and the stability of raw materials for production is of good quality and quite competitive.
We are proud to be the leading manufacturer and supplier of Agarwood / Oud Oil, Chips, Incense, Resin, Sanai, Powder and Accessories. Our Agarwood has been on the worldwide market since the 1980s and we have brought much more Scent of Vietnam to every corner beyond the Middle East. It is our great honor to be part of your precious culture in every moment of life, and your precious health benefits as well.