Imports up 15% in Q1
Manama : Aluminium oxide emerged as the top product imported to Bahrain in the first quarter of 2018 with its value reaching BD60 Million, according to the latest iGA report.
The report, issued by Information & eGovernment Authority (iGA), encompasses balance of trade, imports, exports (National Origin) and re-exports in the first quarter of 2018.
As Aluminium oxide occupied top spot, four-wheel drive cars took the second spot with an import value of BD51 Million. Closely following four-wheelers where Sedans with BD45 Million during first quarter of 2018 at the third place.
iGA report states that the value of imports increased by 15 per cent as it reached BD1.293 Billion during first quarter 2018 versus BD1.124 Billion for the same quarter of the previous year.
Top ten countries account for 67pc of the imports value and 33pc for other countries.
China was ranked as the first country that exports to Bahrain with BD160 Million; United Arab Emirates (UAE) as the second with BD116 Million whereas Kingdom of Saudi Arabia (KSA) ranked third with BD99 Million.
KSA tops buying list
Additionally, the value of the exported national origin decreased by 9pc as it reached BD538 Million during first quarter of 2018 versus BD594 Million for the same quarter of the previous year. The top ten countries account for 79pc of the exported national origin value and 21pc for other countries.
KSA was ranked as the first country importing from Bahrain with BD145 Million, UAE second with BD67 Million and USA comes third place with BD63 Million.
Aluminium wire demand rise
As for national exported products, aluminium wire emerged as the top products exported in the first quarter of 2018 with BD66 Million; agglomerated iron ores and concentrates were positioned second products imported with a value of BD55 Million; and rectangular alloyed aluminium plates stood third place for exported products with BD40 Million.
Saudi dominates
As for re-exported field, the value of re-exports decreased by 10pc as it reached BD118 Million during first quarter of 2018 versus BD131 Million for the same quarter of the previous year. The top 10 countries account for 91pc of the re-exported value and 9pc for other countries.
Saudi Arabia was ranked as the first country to re-export from Bahrain with BD40 Million, China ranked as the second with BD23 Million, and UAE as the third with BD15 Million.
Four-wheel again
Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD24 Million, cigarettes came as second products with BD7 Million, and Sedan cars as third with BD3 Million.
Deficit reaches BD637 Million
The value of trade balance, difference between exports and imports, increased the deficit reaching BD637 Million during first quarter 2018 versus BD399 Million for the same quarter of the previous year with increase of 60pc.
Related Posts