The value of Bahrain-origin exports increased by 58 per cent as it reached BD229 million ($605 million) during July versus BD145 million for the same month of 2017, the Information & eGovernment Authority (iGA) said in its latest foreign trade report.
The top ten countries account for 90 per cent of the exported national origin value and 10 per cent for other countries.
Saudi Arabia was ranked as the first country importing from Bahrain with BD41 million, Oman was the second with BD39 million and Egypt came third place with BD25 million.
As for national export products, agglomerated iron ores and concentrates emerged as the top products exported in July 2018 with BD39 million, Aluminium wire were positioned second products exported with a value of BD35 million and unwrought aluminium stood third place for exported products with BD21 million.
In regards to the re-exported field, the value of re-exports increased by 9 per cent as it reached BD48 million during July 2018 versus BD44 million for the same month of the previous year. The top ten countries accounted for 91 per cent of the re-exported value and 9 per cent for other countries. Saudi Arabia was ranked as the first country to re-export from Bahrain with BD18 million, China ranked as the second with BD8 million and the United Arab Emirates as the third with BD6 million.
Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD8 million, Cigarettes containing tobacco came as second product with BD3 million and mountings parts for motor vehicles came as the third with BD1.3 million.
The trade balance, difference between exports and imports, the value of the deficit of the Trade Balance reached BD209 million during July 2018 versus BD244 million for the same month of the previous year with decrease of 14 per cent.
Imports
The value of imports increased by 12 per cent as it reached BD486 million during July 2018 versus BD433 million for the same month of the previous year, while the top ten countries account for 69 per cent of the imports value and 31 per cent for other countries.
According to the report, China was ranked as the first country that exports to Bahrain with BD69 million, United Arab Emirates (UAE) as the second with BD50 million whereas Australia was ranked third with BD50 million.
Aluminium Oxide emerged as the top product imported to Bahrain with BD44 million, while the Four-wheel drive cars as the second with BD19 million. Non-agglomerated iron ores and concentrates were the third products with BD16 million during July 2018. – TradeArabia News Service
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