Airplanes parts, digital automatic data processing machines and gold jewellers were the top three products Bahrain re-exported in January this year, with the total re-export value rising 7%, latest iGA report said.
The UAE and Saudi Arabia were the top two purchasers, accounting for BD19 million and BD17 million respectively. In total, re-exports increased by 7% from BD54 million to BD58 m in January 2023, with the top 10 countries accounting for 87% of the re-exported value.
Value of re-exported products were: airplanes parts (BD10 m), digital automatic data processing machines (BD2.1 m) and gold jewellery (BD1.8 m).
On the other hand, the value of Bahraini product exports decreased by 8% in January 2023 compared to the same month in the previous year, while imports rose 4%, resulting in a trade balance deficit of BD51 m.
The top 10 countries accounted for 77% of the purchase, with Saudi Arabia topping the list by purchasing BD89 m worth of Bahraini products, followed by the United States of America and the United Arab Emirates with BD45 m and BD36 m purchases, respectively.
The exports of national origin products totalled BD357 m, with unwrought aluminium alloys being the top export at BD133 m.
In second and third positions were agglomerated iron ores and concentrates alloyed and aluminum wire not alloyed at BD48 m and BD17 m, respectively.
Imports rose 4%
Meanwhile, Bahrain’s imports increased by 4% to BD465 m in January 2023, with the top 10 countries accounting for 68% of imports. China was the top importer to Bahrain, with BD70 m worth of products, followed by the UAE and Brazil with BD44 m and BD43 m, respectively.
Non-agglomerated iron ores and concentrates were the most purchased products by Bahrain at BD54m, followed by Aluminium oxide at BD31m and gold ingots at BD16 m.
The trade balance recorded a deficit of BD51 million in January 2023 compared to BD8 million deficit in the same month of the previous year, resulting in a growth of 570%, which is reflected negatively in the values of the trade balance.