Bahrain’s exports surge 76pc to BD1.2bn in Q3

MANAMA: The value of Bahrain’s exports of national origin increased by 76 per cent to BD1.174 billion during the third quarter of this year, compared with BD669 million for the same quarter of last year.

The top 10 countries accounted for 73pc of the total value of exports.

The Information & eGovernment Authority (iGA) issued its foreign trade report for the third quarter, encompassing data on the balance of trade, imports, exports (national origin), and re-exports.

Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD236m worth of goods from Bahrain.

The US was second with BD211m and the UAE third with BD108m.

Unwrought aluminum alloys emerged as the top product exported during the third quarter of 2021 with BD382m, agglomerated iron ores and concentrates came second with a value of BD250m, and unwrought aluminum (not alloyed) third with BD63m.

The total value of re-exports increased by 22pc to reach BD175m in the third quarter, compared with BD143m for the same quarter of the previous year.

The top 10 countries accounted for 84pc of the re-exported value. Saudi Arabia ranked first with BD53m, the UAE was second with BD50m and Singapore third with BD11m.

Four-wheel drive cars emerged as the top product re-exported from Bahrain at BD20m, gold ingots came in second place with BD17m, and parts for aircraft engines came third with BD15m.

Meanwhile, the value of imports increased by 16pc, reaching BD1.349bn during the third quarter of the year, compared with BD1.166bn for the same quarter of the previous year.

The top 10 countries accounted for 70pc of the value of imports.

According to the report, Brazil ranked first when it came to imports to Bahrain, worth BD214m, China was second with BD167m, and the UAE third with BD95m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a total value of BD249m, while aluminum oxide was second worth BD80m, and parts for aircraft engines third with BD52m.

The trade balance – difference between exports and imports – recorded a deficit totalling BD1m during the third quarter compared with BD335m for the same quarter of the previous year, an improvement by 99.8pc, This is reflected positively in the value of the trade balance, the report said.

Source: https://www.gdnonline.com/Details/980468

 

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