Japan-Bahrain trade up 7.26pc
Manama, May 31, 2013
The value of Japan's trade with Bahrain increased 7.26 per cent to $1.3 billion last year, a report quoting data released by the Japan External Trade Organisation (Jetro) said.
The increase in trade was fuelled by increased export of motor vehicles, which more than doubled in 2012, compared to the previous year, said the Gulf Daily News report.
The value of Japanese passenger cars exported to Bahrain grew by 125.6 per cent to $527.4 million, compared with $233.8m in the previous year.
Exports of trucks and buses also saw considerable increases, the report said.
Though export of electrical machinery declined 29.4pc to $22.4m from $31.7m last time, export of general machinery grew by 8.3pc to $70.3m from $64.9m the previous year.
Export of iron and steel products/materials grew by 73.5pc to $9.1m last year, compared with $5.2m in 2011.
Japan's mineral fuel import from Bahrain was limited to light oils as it completely stopped importing crude oils from the kingdom since 2011.
The value of import of light oils, however, declined by 35.8pc to $445.7m in 2012, from $694.1m in 2011.
Japan's other imports from Bahrain were aluminium, glassware, and small quantities of fish and other seafood.
On a macro level, the value of two-way trade between Japan and the GCC countries grew 12.3pc last year to $182.13 billion, compared with $162.23 billion in 2011.
Japan's exports to the GCC countries grew 27.1pc to $24.94bn in 2012 from $19.63bn in the previous year, and imports increased by 10.2pc to $157.18bn from $142.60bn. - TradeArabia News Service