February exports worth BD196million

TDT | Manama

Bahrain had exported BD- 196million-worth of products during February of this year. This was revealed in the month’s foreign trade report issued by the Information and eGovernment Authority (iGA), which encompassed data on the balance of trade, imports, exports (national origin) and re-exports.

The value of exports of national origin increased by 11 per cent to BD196million during February 2020, compared to BD177million for the same month last year.

The top 10 countries in terms of the value of exports purchased from Bahrain accounted for 85 per cent of the total value, with the remaining countries accounting for 15 per cent. Saudi Arabia ranked first amongst the countries receiving Bahraini exports of national origin, importing BD57million from Bahrain.

Meanwhile, the UAE was second with BD28million and Oman third with BD- 19million. Agglomerated Iron and Concentrates were the top products exported during February with BD29million.

Bridges and bridges-sections were second with a value of BD16million, and Aluminum wire not Alloyed third with BD15million. The total value of re-exports increased by six per cent to reach BD75million during February of this year, compared to BD71million for the same month in 2019.

The top 10 countries accounted for 90 per cent of the re-exported value, while the remaining countries accounted for 10 per cent. The UAE ranked first with BD23million, Saudi was second with BD17million, and the USA came third with BD8million.

Gold ingots emerged as the top product re-exported from Bahrain with BD15million. Four-wheel-drive vehicles came second with BD8million, and parts for aeroplanes came third with BD7million.

The value of imports increased by 13 per cent, reaching BD394million during February of 2020 compared to BD350million for the same month the previous year. The top 10 countries accounted for 68 per cent of the value of imports, with the remaining countries accounting for 32 per cent.

According to the report, China ranked first when it came to imports to Bahrain, with a total of BD57million. Brazil was second with BD38million and Saudi third with BD30million.

Aluminium oxide was the top product imported into Bahrain with a total value of BD31 million, while non-agglomerated iron ores and concentrates was second with BD24million.

Four-wheel-drive vehicles were third with BD15 million The trade balance, difference between exports and imports, the value of the deficit of the trade balance reached BD123 million during February of 2020 versus BD102 million for the same month of the previous year, with an increase of 21 per cent.