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Bahrain-origin exports top $445m in February

MANAMA, April 4, 2018

The value of the exported Bahrain-origin reached BD169 million ($445.2 million) during February as against BD177 million for the same month of 2017, marking a five per cent decrease, said the kingdom’s Information & eGovernment Authority (iGA) in a new report.

The top ten countries account for 83 per cent of the exported national origin value and 17 per cent for other countries, added iGA’s foreign trade report of February 2018, which encompasses balance of trade, imports, exports (national origin) and re-exports.

The value of imports increased by 32 per cent as it reached BD440 million during February 2018 versus BD333 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.

According to a report, China was ranked as the first country that exports to Bahrain with BD55 million; UAE as the second with BD35 million whereas Australia ranked third with BD34 million.

Aluminium Oxide emerged as the top product imported to Bahrain with BD32 million while the four-wheel drive vehicles as the second with BD18 million. AC generators were the third products with BD17 million during February 2018.

Saudi Arabia was ranked as the first country importing from Bahrain with BD53 million, the US comes second with BD22 million and UAE positioned third place with BD19 million.

As for national export products, aluminium wire emerged as the top products exported in February 2018 with BD19 million; agglomerated iron ores and concentrates were positioned second products exported with a value of BD16 million; and rectangular alloyed aluminium plates stood third place for exported products with BD12 million.

In regards to the re-exported field, the value of re-exports decreased by 15 per cent as it reached BD40 million during February 2018 versus BD47 million for the same month of the previous year. The top ten countries account for 93 per cent of the re-exported value and 7 per cent for other countries. Saudi Arabia was ranked as the first country to re-export from Bahrain with BD14 million, China ranked as the second with BD6 million and UAE as the third with BD5 million.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD7 million, Aircraft came as second products with BD2 million; tugs and pusher craft came as third with BD2 million.

The trade balance, difference between exports and imports, value of the deficit of the trade balance reached BD232 million during February 2018 versus BD109 million for the same month of the previous year with an increase of 113 per cent. – TradeArabia News Service




Tags: Bahrain | Exports | Imports | IGA |

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