MANAMA: Bahrain’s national origin exports increased by 62 per cent last month amounting to BD460 million, compared with BD283m for May 2021, shows the latest report from the Information and eGovernment Authority (iGA).
The top 10 trading partners accounted for 75pc of the value of national origin exports in the quarter with the remaining 25pc claimed by other countries, says the report which also includes data on balance of trade, imports and re-exports.
Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD90m worth of goods from the kingdom. The US was second with BD64m and Italy third with BD42m.
Unwrought aluminium alloys emerged as the top product exported during May 2022 accounting for a value of BD189m. Agglomerated iron ores and concentrates were second with a value of BD73m and unwrought aluminium wires was third at BD18m.
The report found that the value of re-exports increased by 5pc to BD57m during the month when compared with BD55m for the same month last year, with the top 10 trading partners accounting for 86pc of the re-exported value, while the remaining countries accounted for 14pc.
Singapore was the leading market for re-exports from Bahrain accounting for a value of BD15m, followed by the UAE at BD9.5m and Saudi Arabia coming third at BD8.6m.
Parts of aircraft engines emerged as the top product re-exported from Bahrain with a value of BD18m, followed by four-wheel drive cars amounting to BD2.9m and gold ingots in third place with BD2.3m in value.
The report said the value of imports increased by 29pc to BD518m during May compared with BD402m in the same month last year with the top 10 trading partners accounting for 72pc of the total value.
According to the report, Australia was the top exporter to Bahrain notching up a value of BD71m, followed by China at BD69m and Brazil in third place with BD63m.
Other aluminium oxide emerged as the top product imported into Bahrain with a value of BD70m while
non-agglomerated iron ores and concentrates was second at BD54m and petroleum coke not calcined in third place at BD18m.
The trade balance, or the difference between exports and imports, amounted to a deficit of BD1m last month, an improvement of 99pc when compared with deficit of BD64m for the same month last year.
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