Bahrain exports surge 59pc

MANAMA: Bahrain’s national origin exports increased by 59 per cent last month amounting to BD295 million, compared with BD186m in April last year, shows the latest report from the Information and eGovernment Authority (iGA).

The top 10 trading partners accounted for 81pc of the value of national origin exports last month with the remaining 19pc claimed by other countries, says the report which 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 BD57m from Bahrain.

Meanwhile, Egypt was second with BD38m and the UAE third with BD36m.

Agglomerated iron ores and concentrates emerged as the top product exported during the month with BD95m.

Unwrought aluminum alloys were second with a value of BD54m and aluminium wire (not alloyed) was third with BD12m.

The report found that the value of re-exports increased by 39pc to BD53m during April 2021 when compared with BD38m for the same month last year, with the top 10 trading partners accounting for 87pc of the re-exported value.

The UAE was the leading market for re-exports from Bahrain accounting for a value of BD19m, followed by Saudi Arabia with BD14m and Hong Kong coming third with BD4m.

Gold ingots emerged as the top product re-exported from Bahrain with a value of BD9m, followed by four-wheel drive cars in second place netting BD7m and private cars in third place with BD4m.

The report said value of imports increased by 26pc to BD457m during the month compared with BD362m for the same month last year with the top 10 trading partners accounting for 71pc of the imports value.

According to the report, Brazil was ranked as the top exporter to Bahrain with BD78m, followed by China with BD60m and the UAE in third place with BD29m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a value of BD100m while other aluminium oxides was second at BD21m and four-wheel drive cars in third place with BD15m.

The trade balance, or the difference between exports and imports, amounted to a deficit of BD109m during April 2021, an improvement of 21pc compared with BD139m for the same month last year.

Source: https://www.gdnonline.com/Details/944799