The value of the Bahrain- origin exports hit BD184 million ($485 million) during August as against BD182 million for the same month of the previous year, marking an increase of 1 per cent, said the Information & eGovernment Authority (iGA).

The value of the Bahrain- origin exports reached BD184 million ($485 million) during August as against BD182 million for the same month of the previous year, reflecting an increase of 1 per cent, said the Information & eGovernment Authority (iGA) in its latest foreign trade report.

The top ten countries account for 81 per cent of the exported national origin value and 19 per cent for other countries.

Saudi Arabia was ranked as the first country importing from Bahrain with BD40 million, UAE positioned second with BD22 million and Oman comes third place with BD22 million.

As for national exported products, agglomerated iron ores and concentrates emerged as the top products exported in August  with BD30 million; aluminium wires were positioned second products exported with a value of BD25 million and unwrought aluminium stood third place for exported products with BD18 million.

In regards to the re-exported field, the value of re-exports decreased by 26 per cent as it reached BD33 million during August 2018 versus BD44 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 BD12 million, China ranked second with BD6 million and UAE as third with BD4 million.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD8 million; cigarettes containing tobacco came as second products with BD3 million; and mountings, parts of aero planes or helicopters came as third with BD2 million.

The value of the deficit of the trade balance, difference between exports and imports, reached BD187 million during August 2018 versus BD201 million for the same month of the previous year with decrease of 7 per cent.

Meanwhile, the value of imports decreased by 6 per cent as it reached BD404 million during August versus BD428 million for the same month of the previous year, while the top ten countries account for 66 per cent of the imports value and 34 per cent for other countries.

According to the report, China was ranked as the first country that exports to Bahrain with BD51 million; US as the second with BD45 million whereas the UAE is ranked third with BD36 million.

Non-agglomerated iron ores and concentrates emerged as the top product imported to Bahrain with BD25 million, while the four-wheel drive cars as the second with BD16 million. Aluminium Oxide was the third product with BD14 million during August. – TradeArabia News Service