National origin exports increase by 93 per cent

Bahrain’s national origin exports increased by 93 per cent last month amounting to BD387 million, compared with BD200m in January 2021, shows the latest report from the Information and eGovernment Authority.

The top 10 trading partners accounted for 76pc of the value of national origin exports in January 2022 with the remaining 24pc 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 BD70m worth of goods from the kingdom. The US was second with BD69m and the UAE third with BD30m.

Unwrought aluminium alloys emerged as the top product exported last month accounting for a value of BD147m.

Agglomerated iron ores and concentrates were second with a value of BD42m and aluminium wire not alloyed was third at BD20m.

The report found that the value of re-exports increased by 3pc to BD54m last month when compared with BD46m for January last year, with the top 10 trading partners accounting for 90pc of the re-exported value. Saudi Arabia was the leading market for re-exports from Bahrain accounting for a value of BD18m, followed by the UAE at BD12m and Singapore coming third at BD7m.

Imports

Portable digital automatic data processing machines emerged as the top product re-exported from Bahrain with a value of BD4.1m, followed by four-wheel drive cars amounting to BD3.8m and part for other gas turbines in third place with BD3m in value.

The report said the value of imports increased by 10pc to BD449m last month compared with BD402m in January 2021 with the top 10 trading partners accounting for 68pc of the total value.

According to the report, last month China was the top exporter to Bahrain notching up a value of BD73m, followed by Australia at BD40m and the UAE in third place with BD38m.

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a value of BD34.64m while aluminium oxide was second at BD34.61m and four-wheel drive cars in third place at BD21m.

The trade balance, or the difference between exports and imports, amounted to a deficit of BD8m during January 2022, an improvement of 95pc when compared with deficit of BD156m for the same month last year.

 

Source: https://www.gdnonline.com/Details/1033830

 

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