The value of Bahrain’s exports of national origin increased by 25 per cent to BD200 million ($527.5 million) during January 2021, compared to BD160 million for the same month of the previous year, a report said.
The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 82 per cent of the total value, with the remaining countries accounting for 18 per cent, according to the foreign trade report issued by the Information &eGovernment Authority (iGA).
Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD41 million from Bahrain. Meanwhile, UAE was second with BD32 million and Oman third with BD18 million.
Agglomerated iron ores and concentrates alloyed emerged as the top products exported duringJanuary2021 with BD30 million, semi-finished iron and steel was second with a value of BD25 million and Unwrought aluminium alloys third with BD20 million.
The total value of re-exports decreased by29 per cent to reach BD53 million during January2021, compared to BD 74 million for the same month of the previous year. The top 10 countries accounted for 88 per cent of the re-exported value, while the remaining countries accounted for the 12 per cent.
Saudi Arabia ranked first with BD14 million, Oman second with BD10 million, and the United Arab Emirate third with BD9 million.
Four-wheel drive cars the top product re-exported from Bahrain with BD9.4 million, parts for gas turbines came in second place with BD9.2 million, and Apparatus for electrical controlthirdwithBD6 million.
The trade balance, difference between exports and imports, the value of the deficit of the trade balance reached BD154 million during January of 2021 versus BD211 million for the same month of the previous year with decrease of 27 per cent.
The value of imports decreased by 9 per cent, reaching BD406 million during January2021compared to BD445 million for the same month of the previous year. The top 10 countries accounted for 72 per cent of the value of imports, with the remaining countries accounting for 28 per cent.
