Bahrain’s exports surge 111 per cent

 Bahrain’s national origin exports increased by 111 per cent last month amounting to BD406 million, compared with BD192m in November 2020, 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 in November 2021 with the remaining 26pc claimed by other countries, says the report which also includes data on balance of trade, imports and re-exports.

Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD62m worth of goods from the kingdom. The US was second with BD47m and China third with BD38m.

Unwrought aluminium alloys emerged as the top product exported last month accounting for a value of BD107m.

Agglomerated iron ores and concentrates were second with a value of BD70m and unwrought aluminium was third at BD33m.

The report found that the value of re-exports increased by 7pc to BD49m last month when compared with BD46m for November last 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 BD13m, followed by Saudi Arabia at BD11m and Singapore coming third at BD7m.

Parts for airplanes emerged as the top product re-exported from Bahrain with a value of BD7m, followed by gold ingots amounting to BD5m and precious metals in third place with BD3m in value.

The report said the value of imports increased by 13pc to BD453m last month compared with BD402m in November 2020 with the top 10 trading partners accounting for 71pc of the total value.

According to the report, last month China was the top exporter to Bahrain notching up a value of BD67m, followed by Brazil at BD55m and the UAE in third place with BD36m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a value of BD63m while aluminium oxide was second at BD39m and gold jewellery in third place at BD18m.

The trade balance, or the difference between exports and imports, amounted to a surplus of BD2m during October 2021, an improvement of 101pc when compared with deficit of BD163m for the same month last year.

Source: https://www.gdnonline.com/Details/1016904/Bahrain%E2%80%99s-exports-surge-111-per-cent