Bahrain’s exports hit BD176 million

MANAMA: Bahrain’s national origin exports in May 2020 amounted to BD176 million, decreasing by 16 per cent compared with BD210m for the same month of the previous year, shows the latest report from the Information and eGovernment Authority (iGA).

The report that includes data on balance of trade, imports, exports and re-exports (national origin), said that the top 10 trading partners accounted for 76pc of the value of the kingdom’s national origin exports with the remaining 24pc claimed by other countries.

Saudi Arabia was the top importer of Bahraini products, with a value of BD34m, followed by the Netherlands with BD18m and the UAE in third place with BD14m, the iGA said.

Unwrought aluminium (not alloyed) emerged as the top product exported from Bahrain with a value of BD36m followed by unwrought aluminium alloys with a value of BD31m and agglomerated iron ores and concentrates in third place accounting for BD25m.

The report found that the value of re-exports decreased by 40pc to BD40m during the month when compared with BD66m for the same month of the previous year, with the top 10 trading partners accounting for 95pc of the re-exported value.

Saudi Arabia was the leading market for re-exports from Bahrain accounting for a value of BD15m, followed by China with BD7m and the UAE coming third with BD5m.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with a value of BD8m, followed by parts for aeroplanes in second place netting BD2.4m and cigarettes containing tobacco in third place with BD2.2m.

The report said value of imports decreased by 10pc reaching BD378m during the month compared with BD419m for the same period of the previous year with the top 10 trading partners accounting for 67pc of the imports value.

According to the report, China was ranked as the top exporter to Bahrain with BD67m, followed by Australia with BD38m and Brazil in third place with BD22m.

Aluminium oxide emerged as the top product imported into Bahrain with a value of BD43m while non-agglomerated iron and concentrates was the second most imported at BD26m 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 BD162m, versus BD143m for the same month of the previous year, an improvement by 13pc.

Source: http://www.gdnonline.com/Details/826027/Bahrain’s-exports-hit-BD176-million-