Bahrain-origin exports increase 9pc to BD192m

MANAMA: Bahrain’s national origin exports for November 2020 amounted to BD192 million, increasing by nine per cent from BD177m in November last year, shows the latest report from the Information and eGovernment Authority (iGA).

The top 10 trading partners accounted for 74pc of the value of national origin exports last month with the remaining 26pc 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 BD41m from Bahrain.

Meanwhile, the United States was second with BD22m and Oman third with BD16m.

Unwrought aluminum alloys emerged as the top product exported during November 2020 with BD48m.

Agglomerated iron ores and concentrates alloyed was second with a value of BD20m and aluminium wires (not alloyed) third with BD13m.

The report found that the value of re-exports decreased by 33pc to BD46m during the month when compared with BD69m for the same month of the previous year, with the top 10 trading partners accounting for 88pc of the re-exported value.

The UAE was the leading market for re-exports from Bahrain accounting for a value of BD16m, followed by Saudi Arabia with BD13m and the US coming third with BD3m.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with a value of BD7m, followed by agglomerated iron ores and concentrates in second place netting BD5m and wristwatches (precious metal) in third place with BD2m.

The report said value of imports increased by 6pc to BD402m during the month compared with BD379m for the same month in the previous year with the top 10 trading partners accounting for 70pc of the imports value.

According to the report, China was ranked as the top exporter to Bahrain with BD56m, followed by Brazil with BD33m and the US in third place with BD31m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a value of BD31m while aluminium oxide was second at BD25m and four-wheel drive cars in third place with BD14m.

The trade balance, or the difference between exports and imports, amounted to a deficit of BD163m, an increase of 22pc when compared with BD134m for November last year.

Source: http://www.gdnonline.com/Details/910899/Bahrain-origin-exports-increase-9pc-to-BD192m