The value of the Bahrain-origin exports reached BD176 million ($465 million) during January as against BD192 million for the same month of the previous year, marking a decrease of 8 per cent, a report said.
The value of Bahrain’s imports increased by 9 per cent as it reached BD412 million during January 2018 versus BD377 million for the same month of the previous year, while the top ten countries account for 67 per cent of the imports value and 33 per cent for other countries, added the foreign trade report for January 2018 released by the Information & eGovernment Authority (iGA).
According to the report, China was ranked as the first country that exports to Bahrain with BD53 million; UAE as the second with BD38 million whereas the United States of America ranked third with BD37 million.
Four-wheel drive cars emerged as the top product imported to Bahrain with BD16 million, while the sedan cars as the second with BD13 million. Aluminium oxide was the third products with BD10 million during January 2018.
The top ten countries account for 79 per cent of the exported national origin value and 21 per cent for other countries.
Saudi Arabia was ranked as the first country importing from Bahrain with BD42 million, the US the second with BD26 million and Oman comes third place with BD23 million.
As for national export products, aluminium wire emerged as the top products exported in January 2018 with BD22 million; agglomerated iron ores and concentrates were positioned second products exported with a value of BD19 million; and ferrous products from the direct reduction of iron Ore stood third place for exported products with BD15 million.
In regards to the re-exported field, the value of re-exports decreased by 9 per cent as it reached BD39 million during January 2018 versus BD43 million for the same month of the previous year. The top ten countries account for 92 per cent of the re-exported value and 8 per cent for other countries. Saudi Arabia was ranked as the first country to re-export from Bahrain with BD13 million, China ranked as the second with BD8 million, and the US as the third with BD4 million.
Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD8 million, cigarettes came as second products with BD3 million, and butt welding fittings of stainless steel came as the third with BD2 million.
The trade balance, difference between exports and imports, the value of the deficit of the trade Balance reached BD196 million during January 2018 versus BD142 million for the same quarter of the previous year with increase of 38 per cent. – TradeArabia News Service
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
