Bahrain’s exports rise 4pc to BD507 million

MANAMA: The value of national origin exports increased by four per cent reaching BD507 million during the second quarter this year when compared with BD488m for the same period of last year, shows the latest report on Bahrain’s non-oil trade from the Information and eGovernment Authority (IGA).

The report that includes data on balance of trade, imports, exports and re-exports (national origin) said the top 10 countries accounted for 66 per cent of the imports value during the quarter under review.

The top ten countries account for 84pc of national origin exports value.

With a value of BD122m, Saudi Arabia was ranked the top importer of Bahraini products followed by the USA with BD77m and the UAE in third place with BD61m, the IGA said. Agglomerated iron ores and concentrates emerged as the top product exported from Bahrain with a value of BD98m, followed by aluminium wires with a value of BD68m and rectangular alloyed aluminium plates in third place accounting for BD34m. The report also found that the value of re-exports decreased by 21pc to BD125m during the second quarter of 2017 from BD159m for the same period of the previous year.

The top ten countries accounted for 91pc of the re-exported value.

Saudi Arabia was the leading market for re-exports from Bahrain accounting for a value of BD54m, followed by China in second place with BD21m, and UAE coming third with BD15m.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with a value of BD26m, cigarettes came in second place claiming BD7m followed by sedan cars in third place with BD6m. Imports during the second quarter of the year have increased by 8 per cent amounting to BD1.275 billion when compared with BD1.176bn for the same period last year.

According to it, China was ranked the top exporter to Bahrain with a value of BD152m, followed by the UAE with BD128m and USA in third place with BD88m.

Floating or submersible drilling platforms emerged as the top product imported into Bahrain with a value of BD85m, followed by aluminium oxide in second place with BD57m and four-wheel drive cars with BD47m in third place.

The trade balance during the quarter was negative with the difference between imports and exports or trade deficit seeing an increase of 21pc to BD641m during the second quarter of 2017 from BD529m for the same quarter of the previous year.

The iGA said the preliminary data source for the report was customs affairs with additional information from Bahrain open data portal www.data.gov.bh.

Source: http://www.gdnonline.com/Details/247035/Bahrain%E2%80%99s-exports-rise-4pc-to-BD507-million

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