Bahrain exports 400 million worth national products in October
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain yesterday said that its deficit from trade balance dropped 41%, as imports increased by 11% and exports of national products by 9% from October 2021.
According to the foreign trade report of October 2022, the trade balance reached BD17 m during October 2022 versus BD29 m for the same month of the previous year.
The report by the Information &eGovernment Authority (iGA) focuses on the balance of trade, imports, exports (national origin), and re-exports.
Imports As per the report, imports during October 2022 increased 11% to BD500 m from BD452 m in the same month a year ago, where the top 10 countries accounted for 68% of imports.
China topped the ranking with BD65 m. Closely following was United Arab Emirates with BD47 m, and Brazil with BD45 m.
The top product imported into Bahrain during October 2022 was non-agglomerated iron ores and concentrates, with a total value of BD65 m.
Aluminum oxide came second with BD32.4 m, and parts for aeroplanes third with BD32.2 m.
National products Exports of national origin produce rose 9% to BD400 m from BD366 m in October 2021, as the top 10 countries purchased from Bahrain accounted for 77% of the exports.
Saudi imported BD85 m worth of products from Bahrain, the United States bought BD46 m and the United Arab Emirates BD42 m in national products.
Unwrought aluminium alloys Unwrought aluminium alloys emerged as the top products exported with BD141 m.
Agglomerated iron ores and concentrates alloyed came second with a value of BD61 m, and unwrought aluminium not alloyed third with BD 37 m.
Re-exports increased by 44% to reach BD83 m from BD57 m for the same month of the previous year.
The top 10 countries accounted for 91% of the re-exported value.
Singapore ranked first with BD19 m, Saudi Arabia second with BD18 m, and the United Arab Emirates third with BD13 m.
Aeroplanes parts tops Parts for aeroplanes emerged as the top product re-exported from Bahrain with BD29 m, portable digital automatic data processing machines came in second place with BD4 m, and gold ingots came third with BD3.6 m.