Bahrain-origin exports value hits $2.37bln in Q4 2023

Bahrain-origin exports value hits $2.37bln in Q4 2023

The value of Bahrain’s exports of national origin for the fourth quarter of 2023 hit BD1.013 billion ($2.67 billion), registering a 10% decline over the previous year, according to a report by the Information &eGovernment Authority (iGA).

The top 10 countries accounted for 69% of the total export value with the Kingdom of Saudi Arabia ranking first among countries for the exports of products with national origin worth BD225 million ($593 million).

It was followed by the UAE with BD126 million and then US with BD97 million, stated iGA in its Foreign Trade report of Q4 2023, which encompasses data on Trade Balance, Imports, Exports of products with national origin, and Re-exports.

Productwise, the unwrought aluminum alloys marked as the top products exported during Q4 2023 worth BD226 million, followed by agglomerated iron ores and concentrates alloyed being the second with a value of BD201 million and unwrought aluminum not alloyed third with BD59 million, stated the iGA report.

On the value of imports, iGA said it had registered an increase of 5%, reaching to BD1.476 billion during Q4 2023 in comparison with BD1.410 billion for the same quarter in 2022.

According to the report, China ranked first for imports to Bahrain, with a total