Bahrain Reports 7% Increase in Non-Oil Exports, Reaching BD 319 Million
TDT | Manama
Email: mail@newsofbahrain.com
The Information & eGovernment Authority (iGA) has published its November 2024 Foreign Trade report, detailing key data on Trade Balance, Imports, National Origin Exports, and Re-exports.
Imports
The report revealed a 5% increase in the value of non-oil imports, reaching BD 478 million in November 2024, compared to BD 454 million during the same month in 2023. The top 10 countries accounted for 72% of the total import value.
China ranked first among import sources to Bahrain, contributing BD 73 million (15%) of the total, followed by Australia with BD 53 million (11%) and the United Arab Emirates with BD 38 million (8%).
The leading imported products were:
Other Aluminum Oxide: BD 50 million (10%)
Non-Agglomerated Iron Ores and Concentrates: BD 43 million (9%)
Parts for Aircraft Engines: BD 19 million (4%)
National Origin Exports
Non-oil exports of national origin rose by 7%, totaling BD 319 million in November 2024, compared to BD 299 million in November 2023. The top 10 countries accounted for 73% of these exports.
The Kingdom of Saudi Arabia emerged as the leading destination for non-oil exports, totaling BD 66 million (21%). The United States followed with BD 56 million (18%), and the Netherlands ranked third with BD 20 million (6%).
Key products exported included:
Unwrought Aluminum Alloys: BD 101 million (32%)
Agglomerated Iron Ores and Concentrates Alloyed: BD 30 million (9%)
Unwrought Aluminum Not Alloyed: BD 24 million (8%)
Re-exports
The total value of non-oil re-exports fell by 11%, recording BD 66 million in November 2024, compared to BD 74 million in November 2023. The top 10 countries accounted for 83% of re-export value.
The United Arab Emirates led re-exports with BD 20 million (30%), followed by Saudi Arabia with BD 15 million (23%) and the United Kingdom with BD 5 million (8%).
Prominent re-exported products were:
Turbo-Jets: BD 10 million (15%)
Four-Wheel Drive Vehicles: BD 8 million (12%)
Gold Ingots: BD 4 million (6%)
Trade Balance
The trade balance deficit widened to BD 93 million in November 2024, compared to BD 81 million in the same month of the previous year.
The report highlights Bahrain’s ongoing trade dynamics, reflecting a mix of growth in exports and challenges in reducing the trade deficit.
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