National origin exports reach BD323m
Bahrain’s re-exports increased by three per cent to BD50 million in July 2023, compared to BD49m in July 2022, shows the latest data from the Information and eGovernment Authority (iGA).
The foreign trade report for July 2023, which also includes data on balance of trade, imports and national origin exports, says the top 10 trading partners accounted for 85pc of the total national origin export value last month with the remaining 15pc claimed by other countries.
The UAE was the top re-export destination, with a total of BD15m. Saudi Arabia was second with BD8m and Malaysia was third with BD6m.
The top product re-exported from Bahrain in July 2023 was turbo-propellers, with a total value of BD6m. Other parts of airplanes, helicopters or unmanned aircraft was second with BD4m, and private cars was third with BD4 million.
The value of exports of products with national origin decreased by 23pc to BD323m last month, compared to BD421m in July 2022.
The top 10 countries accounted for 68pc of the total export value.
Saudi Arabia was the top export destination for Bahraini products, with a total of BD63m. The UAE was second with BD38m, and the US was third with BD28m.
The top product exported from Bahrain in July 2023 was unwrought aluminium alloys, with a total value of BD80m.
Agglomerated iron ores and concentrates alloyed was second with a value of BD56m, and unwrought aluminium not alloyed was third with BD19m.
The report shows that the value of imports decreased by 6pc to BD441 million, compared to BD468 million in July 2022. The top 10 countries for imports accounted for 71pc of the total value.
China was the top importer to Bahrain, with a total of BD58 million. Australia was second with BD53 million, and the United Arab Emirates was third with BD47 million.
The top product imported to Bahrain was other aluminium oxide, with a total value of BD52m. Non-agglomerated iron ores and concentrates alloyed was second with BD24m, and gold ingots was third with BD20m.
The trade balance, or the difference between exports and imports, showed an increase in the value of the deficit totalling BD68m during July 2023 when compared with a surplus BD2m for the same month of 2022.
Source: https://www.gdnonline.com/Details/1289422/National-origin-exports-reach-BD323m
