Bahrain-origin exports dip 6% to $2.95bln in Q4 2022

Bahrain-origin exports dip 6% to $2.95bln in Q4 2022

Bahrain - The value of Bahrain’s exports of national origin decreased by 6% reaching to BD1.121 billion ($2.95 billion) during fourth quarter of 2022, compared with BD1.192 billion for the same quarter of the previous year, said the Information &eGovernment Authority (iGA).

The top 10 countries in terms of the value of exports of national origin accounted for 73% of the total value, while the remaining countries accounting for 27%, according to iGA’s foreign trade report of fourth quarter of 2022.

The Kingdom of Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD261 million from Bahrain. The United Arab Emirates was second with BD126 million and US third with BD110 million.

Unwrought aluminium alloys emerged as the top products exported during Fourth quarter 2022 with BD325 million, Agglomerated iron ores and concentrates alloyed was second with a value of BD177 million and unwrought aluminium not alloyed third with BD83 million.

The total value of re-exports increased by 29% to reach BD200 million during Fourth quarter 2022, compared with BD155 million for the same quarter of the previous year.

The top 10 countries accounted for 88% of the re-exported value, while the remaining countries accounted for the 12%.

The Kingdom of Saudi