Bahrain’s trade balance improves 22% in 2018

      Published on Tuesday, 2 June , 2020      768      
Bahrain’s trade balance improves 22% in 2018

  • Business

Bahrain’s trade balance — the difference between exports and imports — recorded deficit of BD139 million during April 2020, compared to a deficit of BD178 million for the same month of the previous year, a 22 per cent improvement in trade balance, a report said.

Bahrain’s value of imports decreased 19%, reaching BD362 million during April 2020, compared to BD448 million for the same month the previous year.

The top 10 countries accounted for 68% of the value of imports, said the foreign trade report of April 2020, encompassing data on the balance of trade, imports, exports (national origin), and re-exports, issued by the Information & eGovernment Authority (iGA).

According to the report, China ranked first when it came to imports to Bahrain, with a total of BD61 million; Saudi Arabia was second with BD30 million; and Brazil was third with BD28 million.

Aluminum oxide emerged as the top product imported into Bahrain with a total value of BD24.4 million, while non-agglomerated iron ores and concentrates was second with BD24 million, and four-wheel drive cars third with BD16 million.
The value of exports of national origin decreased by 9% to BD186 million during April 2020, compared to BD204 million for the same month of the previous year. The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 79% of the total value.
Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD37 million worth of goods from Bahrain. The United Arab Emirates was second with BD20 million and Egypt third with BD18 million.
Unwrought aluminum alloys was the top product exported with BD37 million, unwrought aluminum (not alloyed) was second with a value of BD31 million and agglomerated iron ores and concentrates third with BD22 million.
The total value of re-exports decreased by 42% to reach BD38 million during the month, compared to BD66 million for the same month of the previous year. The top 10 countries accounted for 93% of the re-exported value. Saudi Arabia ranked first with BD14 million, the UAE was second with BD9 million, and China third with BD4 million.
Parts for aero planes was the top product re-exported from Bahrain worth BD4.45 million, cigarettes containing tobacco came in second place with BD4.12 million, and parts for machines of working metal came third with BD4.04 million.




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Category Business | 2020/06/02 latest update at 10:00 AM
Source : Trade Arabia | Photocredit : Google
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