Bahrain’s national origin exports increase by 85pc

Bahrain’s national origin exports increased by 85 per cent last month amounting to BD366 million, compared with BD198m in October 2020, shows the latest report from the Information and eGovernment Authority (iGA).

The top 10 trading partners accounted for 67pc of the value of national origin exports in October 2021 with the remaining 33pc 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 BD53m worth of goods from Bahrain.

Meanwhile, the UAE was second with BD37m and the US third with BD33m.

Unwrought aluminum alloys emerged as the top product exported during the month with BD101m.

Agglomerated iron ores and concentrates were second with a value of BD60m and semi-finished iron and steel was third with BD26m.

The report found that the value of re-exports increased by 1pc to BD57.3m last month when compared with BD56.6m for October last year, with the top 10 trading partners accounting for 87pc of the re-exported value.

The UAE was the leading market for re-exports from Bahrain accounting for a value of BD17m, followed by Saudi Arabia with BD11m and Singapore coming third with BD6m.

Gold ingots emerged as the top product re-exported from Bahrain with a value of BD9.5m, followed by parts for airplanes amounting to BD8.8m and four-wheel drive cars in third place with BD3.6m.

The report said value of imports increased by 24pc to BD452m last month compared with BD378m for October last year with the top 10 trading partners accounting for 73pc of the imports value.

According to the report, Brazil was ranked as the top exporter to Bahrain with BD61m, followed by China with BD56m and Australia in third place with BD54m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a value of BD75m while aluminium oxide was second at BD48m and gold ingots in third place with BD10m.

The trade balance, or the difference between exports and imports, amounted to a deficit of BD29m during October 2021, an improvement of 74pc compared with BD111m for the same month last year.

 

Source: https://www.gdnonline.com/Details/1013785/Bahrain%E2%80%99s-national-origin-exports-increase-by-85pc

 

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