Bahrain exports BD406 Million Worth National Origins in November
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain’s deficit came down by 101%, the latest foreign trade report said, thanks to a 111% surge in export of national origin products.
According to the report for November, trade balance, which represents the difference between exports and imports, posted a surplus of (2 million dinars) in November, compared to a deficit of (163 m dinars) in the same month a year ago.
Imports from China rise
Imports increased by 13% to BD453 m from BD402 m in the year-ago month.
The top 10 countries accounted for 71% of imports, with China taking the first spot with BD67 m.
Brazil was second with BD55 m, and the United Arab Emirate third with BD36 m.
Iron ores top imports
Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a total value of BD63 m.
Aluminium oxide was second with BD39 m, and jewellery of gold third with BD18 m.
Exports jump 111%
Exports of national origin increased by 111% to BD406 m from BD192 m in the same month of the previous year.
The top 10 countries accounted for 74% of the total purchase, with Saudi Arabia taking the first spot with BD62 m.
The United States of America came second with BD47 m and China third with BD38 m.
Unwrought aluminium alloys emerged as the top products exported with a value of BD107 m.
Agglomerated iron ores and concentrates alloyed came second with BD70 m, and unwrought aluminium not alloyed third with BD 33 m.
Aeroplane parts top re-exports
Re-exports increased by 7% to reach BD49 m during November 2021, compared to BD46 m in the same month of the previous year.
The top 10 countries accounted for 88% of the re-exported value.
The United Arab Emirates ranked first with BD13 m, Saudi Arabia second with BD11 m, and Singapore third with BD7 m.
Aeroplane parts is the top product re-exported from Bahrain with BD7 m, gold ingots came in second place with BD5 m, and precious metal came third with BD3 m.
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