Bahrain-India trade volume surges 30pc

The volume of Bahrain-India bilateral trade exchange has witnessed 30 per cent increase over the past five years, reaching $1.4 billion by the end of 2022, according to the “Trade in Focus” report issued by Bahrain Chamber titled “Trade Exchange between Bahrain and India”.

Bahrain’s exports to India amounted to $500 million at the end of 2022 up from $314m at the end of 2018 – a 59pc- increase.

Over the past five years, imports from India to Bahrain increased by 18pc from $768m in 2018 to $904m in 2022, making India Bahrain’s sixth-largest import partner and its ninth-largest export partner.

According to the report, the main product Bahrain imported from India was polystyrene sheet at a value of $64m, while rice was second, followed by unalloyed raw aluminium.

Meanwhile, the chamber’s report revealed many untapped trade opportunities between Bahrain and India.

Non-alloy aluminium wires represent the first product having untapped export potential from Bahrain to India, with an export gap of $73m, while medicines represent the main commodity with untapped import potential from India to Bahrain, with an import gap of $74m.

The most promising investment sectors in India mainly include technology, retail and e-commerce, renewable energy, healthcare, automobile industry, education, gems and jewellery.

Source: https://www.gdnonline.com/Details/1196615/Bahrain-India-trade-volume-surges-30pc-