Bahrain’s national origin exports surge 99pc in Q4
BAHRAIN exported BD1.192 billion worth of products of national origin in the fourth quarter of last year, according to a new report.
The Information and eGovernment Authority (iGA) has issued its foreign trade report for Q4 2021, comprising data on the balance of trade, imports, exports (national origin) and re-exports.
“The value of exports of national origin increased by 99 per cent to BD1.192bn during Q4 2021, compared to BD599 million for the same quarter of the previous year,” said the report.
Foreign trade statistics for Q4 2021
The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 67pc of the total value, with the remaining countries accounting for 33pc.
Saudi Arabia ranked first, importing BD193m worth of goods of national origin from Bahrain, followed by the US (BD107m) and the UAE (BD99m).
Unwrought aluminium alloys emerged as the top product worth BD320m, followed by agglomerated iron ores and concentrates alloyed (BD211m) and unwrought aluminium (not alloyed) at BD82m.
“The value of imports increased by 18pc, reaching BD1.406bn during Q4 2021, compared to BD1.191bn for Q4 2020,” added the report.
The top 10 countries accounted for 71pc of the value of imports, with the remaining countries accounting for 29pc.
The top 10 countries importing from Bahrain (million Bahraini dinars)
China was the top importer to Bahrain (BD204m), followed by Brazil (BD180m), and Australia (BD129m).
Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain (BD198m), followed by aluminium oxide (BD125m), and gold jewellery (BD37m).
Meanwhile, the total value of re-exports in Q4 2021 fell by 1pc to reach BD155m, compared to BD157m for Q4 2020.
The top 10 countries accounted for 84pc of the re-exported value, while the remaining countries accounted for the 16pc.
The top 10 countries exporting to Bahrain (million Bahraini dinars)
The UAE ranked first with BD39m, followed by Saudi Arabia (BD33m) and Singapore (BD16m).
Parts for airplanes emerged as the top product re-exported from Bahrain (BD19m), followed by gold ingots (BD17m) and four-wheel-drive vehicles (BD8m).
The trade balance (the difference between exports and imports) recorded a deficit of BD59m during Q4 2021 compared to BD435m for Q4 2020 – an 86pc improvement in the trade balance.
More details on the foreign trade are available at www.data.gov.bh
Source: https://www.gdnonline.com/Details/1019652/Bahrain%E2%80%99s-national-origin-exports-surge-99pc-in-Q4
