Bahrain exports of national origin increases by 29%

SourceBizbahrain
SectorEconomy
CountryBahrain

Bahrain’s value of exports of national origin has increased by 29% to reach BD 198 million in October, up from BD 154 million in the same month last year. The value of imports decreased by 14%, reaching BD 365 million compared with BD 425 million for the same month in 2019, the Information &eGovernment Authority (iGA) said in its foreign trade report of October 2020, encompassing data on the balance of trade, imports, exports (national origin), and re-exports. The trade balance, difference between exports and imports, the value of the deficit of the trade balance was BD 111 million in October 2020 whereas it was BD 197 million for the same month last year, a decrease of 44%. The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 79% of the total value, with the remaining countries accounting for 21%.

Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD 47 million from Bahrain. Malaysia was second with BD 20 million and Egypt third with BD 19 million. Unwrought aluminum (not alloyed) emerged as the top products exported during October 2020 with BD 33 million, ...read more...