Bahrain exports $130m goods to 57 markets

Export Bahrain has facilitated local businesses to go global and expand into international markets reporting more than $130 million (BD49m) worth of exports to more than 57 markets worldwide up to last month.

The initiative reinforced and increased export opportunities for current and potential exporters which included more than 23 per cent of exporters who entered new markets and more than 10pc who were first-time exporters, while more than 7pc represented service exports and more than 30pc of Export Bahrain customers were women business owners.

From January to December last year, exports valued at more than $70m (BD26m) were reported representing an increase of more than 70pc compared with 2020 targeting various international markets.

“Bahrain-based exports are a lynchpin of our economy and Export Bahrain is committed to providing export assistance to help Bahrain-based businesses succeed and prepare for the global opportunities of tomorrow,” said Industry, Commerce and Tourism Minister and Export Bahrain chairman Zayed Alzayani.

“The results underscore the substantial Bahraini local entrepreneurial talent and exemplify the significant value exporters bring to the national economy and is a testament that Export Bahrain’s strategy would surely contribute to facilitate the achievement of the industrial strategic goals of 2022-2026,” he added in a statement.

Export Bahrain also won three prestigious global business awards last year that included Best Export Service Facilitators for SMEs (Small and Medium Enterprises) – Bahrain 2021 in the International Finance Awards 2021; Best International Deal Facilitators for Start-up Exporters in the Global Business Outlook Awards 2021; and Best Company in Accelerating the Growth of Products and Services Made in Bahrain in the Globee Golden Bridge Awards.

Export Bahrain acting chief executive Safa Abdulkhaliq said that despite the challenges including due to the pandemic it was able to assist more Bahrain-based businesses to expand their reach and access regional and global markets, and anticipated more positive results, in line with the recently announced new economic growth and fiscal balance plan by government for the post-Covid era.

Source: https://www.gdnonline.com/Details/1020649