Bahrain exports rise 15pc in third quarter

MANAMA: Bahrain’s national origin exports for the third quarter of this year amount to BD669 million, increasing by 15 per cent compared with BD584m for the same period last year.

Unwrought aluminium topped the list with BD146m, and Saudi Arabia ranked first in the countries that purchased Bahrain’s products worth BD137m.

Unwrought aluminium alloys worth BD124m and agglomerated iron ores and concentrates alloyed worth BD56m were the products that stood second and third on the list.

Meanwhile, Malaysia which imported local products worth BD137m from Bahrain stood second followed by Oman with BD56m, third among the top 10 purchasing countries.

The Information and eGovernment Authority issued its foreign trade report for Q3 2020, encompassing data on the balance of trade, imports exports (national origin) and re-exports.

“The value of local exports increased by 15pc to BD669m during this period compared with BD584m for the period last year,” said the report.

“The top 10 countries in terms of the value of exports of local products purchased from Bahrain accounted for 74pc of the total value, with the remaining countries accounting for 26pc.”

The value of imports decreased by nine per cent reaching BD1.166 billion compared with BD1.277bn for the same quarter last year. The top 10 countries accounted for 67pc of the value of imports, with the remaining countries accounting for 33pc.

China with BD142m ranked first in imports to Bahrain, followed by Switzerland (BD103m) and Australia (BD82m).

Aluminium oxide emerged the top product imported into Bahrain, valuing to BD77m, while non-agglomerated iron ores and concentrates came next with BD59m, followed by central heating boilers with BD39m.

The total value of re-exports decreased by 29pc to reach BD143m compared to BD200m for the same period last year.

The top 10 countries accounted for 89pc of the re-exported value with the UAE ranking first with BD41m, followed by Saudi Arabia (BD39m) and the US (BD17m). The remaining countries accounted for the 11pc.

Four-wheel drive cars emerged as the top product re-exported from Bahrain accounting to BD14m, followed by gold ingots (BD12m) and agglomerated iron ores and concentrates alloyed (BD8m).

The trade balance, which is the difference between exports and imports, recorded a deficit of BD355m in the three months, compared to BD494m in the same period last year, an improvement of 28pc.

Source: http://www.gdnonline.com/Details/875194/Bahrain-exports-rise-15pc-in-third-quarter