Bahrain exports BD200 million worth of products of national origins during January 2021
MANAMA: Bahrain’s national origin exports increased by 25 per cent in value during January amounting to BD200 million, when compared with BD160m for the same month last year, shows the latest data from the Information and eGovernment Authority (iGA).
The top 10 trading partners accounted for 82pc of the total national origin export value last month with the remaining 18pc claimed by other countries, according to a report released by the government agency yesterday.
The report also includes data on balance of trade, imports and re-exports (national origin). Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD41m from Bahrain.
Meanwhile, the United Arab Emirates was second with BD32m and Oman third with BD18m.
Agglomerated iron ores and concentrates emerged as the top product exported during the quarter with BD30m.
Semi-finished iron and steel was second with a value of BD25m and unwrought aluminum alloys third with BD20m.
The report found that the value of re-exports decreased by 29pc to BD53m during the month when compared with BD74m during January 2020, with the top 10 trading partners accounting for 88pc of the re-exported value.
Saudi Arabia was the leading market for re-exports from Bahrain accounting for a value of BD14m, followed by Oman with BD10m and the United Arab Emirates coming third with BD9m.
Four-wheel drive cars emerged as the top product re-exported from Bahrain with a value of BD9.4m, followed by parts for gas turbines netting BD9.2m and apparatus for electrical control in third place with BD6m.
The report said value of imports decreased by 9pc to BD406m during the month when compared with BD445m in January 2020 with the top 10 trading partners accounting for 72pc of the import value.
According to the report, China was ranked as the top exporter to Bahrain with BD49m, followed by Brazil with BD45m and Saudi Arabia in third place with BD31m.
Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a value of BD43m while aluminium oxide was second at BD28m and four-wheel drive cars in third place with BD18m.
The trade balance, or the difference between exports and imports, amounted to a deficit of BD154m during last month, an improvement of 27pc when compared with BD211m in January 2020. avinash@gdn.com.bh
Source: https://www.gdnonline.com/Details/936251
