PHOTO
The view on Bahrain Financial Harbor, skyscrapers, and office buildings during the pink colorful sunset in Manama. Image used for illustrative purpose. Getty Images
The total value of Bahrain’s non-oil exports (national origin) increased slightly by 0.3% to reach BD351 million ($931.6 millon) during January 2025, compared to BD350 million for same month in 2024.
The top 10 countries in exports accounted for 74% of the exports value, according to Information & eGovernment Authority’s (iGA) January 2025 Foreign Trade report, which encompasses data on trade balance, Imports, national origin exports and re-exports.
Kingdom of Saudi Arabia ranked first among countries for non-oil exports (national origin) with BD79 million (23%). The United Arab Emirate was second with BD42 million (12%) and Qatar was third with BD40 million (11%).
Agglomerated iron ores and concentrates alloyed recorded as the top products exported in January 2025 with BD92 million (26%), followed by unwrought aluminum alloys with a value of BD56 million (16%) and processed cheese not grated or powdered with BD22 million (6%).
Imports down
The value of Bahrain’s non-oil imports decreased 7% reaching to BD496 million in January 2025 in comparison with BD535 million for same month in 2024.
The top 10 countries for imports recorded 72% of the total value of imports. Australia ranked first for imports to Bahrain, with a total of BD92 million (19%), followed by China with BD74 million (15%) and the United Arab Emirate with 37 million (7%).
Other aluminum oxide recorded as the top product imported to Bahrain with a total value of BD86 million (17%), followed by non-agglomerated iron ores and concentrates with BD28 million (6%) and private cars being the third with BD21 million (4%).
Re-exports up 6%
The total value of non-oil re-exports increased by 6% to reach BD71 million during January 2025, compared to BD67 million for same month in 2024.
The top 10 countries in re-exports accounted for 84% of the re-exported value. The UAE ranked first with BD26 million (37%), followed by Saudi Arabia with BD16 million (23%) and Qatar with BD4 million (6%).
As per the report, gold ingots was the top product re-exported from Bahrain with a value of BD5.9 million (8.3%), followed by Smartphones worth BD5.6 million (7.9%), and four-wheel drive vehicles came third with BD5.5 million (7.7%).
As for the Trade Balance, which represents the difference between exports and imports, the deficit was BD74 million compared to a deficit of BD118 million in January 2024. - TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).