Bahrain-origin exports dip 14pc to $923 million

Bahrain’s national origin exports decreased by 14 per cent last month to BD350 million ($923m) when compared with BD406m recorded during November last year, shows the latest data from the Information and eGovernment Authority (iGA).

A report released by the government agency says the top 10 trading partners accounted for 73pc of the total value, while the remaining countries accounting for 27pc.

The report also includes data on balance of trade, imports and re-exports.

Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD75m from Bahrain. The US was second with BD47m and the UAE third with BD31m.

Unwrought aluminium alloys emerged as the top product exported during November 2022 with BD92m, agglomerated iron ores and concentrates alloyed was second with a value of BD54m and urea, whether or not in aqueous solution was third with BD28m.

The total value of re-exports increased by 30pc to BD64m during November 2022, compared to BD49m for the same month of the previous year.

The top 10 countries accounted for 90pc of re-exported value, while the remaining countries accounted for 10pc.

The UAE ranked first with BD14.1m, Saudi Arabia was second with BD14m, and Singapore third with BD7m.

Parts for airplanes were the top product re-exported from Bahrain with BD10m, wristwatch made of non-precious metal came in second place with BD4m, and other mountings, fittings and the like for vehicles came third with BD3m.

According to the report, the value of imports decreased by 3pc to BD440m during November 2022 compared to BD453m for the same month of the previous year.

The top 10 countries accounted for 70pc of the value of imports, while the remaining countries accounted for 30pc.

China ranked first when it came to imports with a total value of BD57m, the UAE was second with BD45m, and Brazil was third with BD44m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a total value of BD50m, while aluminium oxide was second with BD34m, and gold ingots third with BD18m.

The trade balance, or the difference between exports and imports, recorded a deficit of BD26m in November 2022 as compared to a surplus of BD2m in the same month last year.

 

Source: https://www.gdnonline.com/Details/1170952

 

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