Manama: The Information &eGovernment Authority (iGA) issued its foreign trade report of July 2022, encompassing data on the balance of trade, imports, exports (national origin), and re-exports.
The value of imports increased by 12%, reaching BD468 million during July 2022 compared to BD418 million for the same month of the previous year. The top 10 countries accounted for 68% of the value of imports, with the remaining countries accounting for 32%.
According to the report, Brazil ranked first when it came to imports to Bahrain, with a total of BD71 million, China was second with BD67 million, and the United Arab Emirates was third with BD40 million.
Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a total value of BD88 million, while aluminium oxide was second with BD22 million, gold ingots third with BD15 million.
The value of exports of national origin increased by 29% to BD421 million during July 2022, compared to BD 327million for the same month of the previous year. 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%.
The Kingdom of Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD87 million from Bahrain. Meanwhile, was United States of America second with BD74 million and the United Arab Emirates third with BD53 million.
Unwrought aluminium alloyed emerged as the top products exported during July 2022 with BD162 million, Agglomerated iron ores and concentrates was second with a value of BD89 million and third aluminum wire not alloyed with BD18 million.
The total value of re-exports decreased by 18% to reach BD49 million during July 2022, compared to BD60 million for the same month of the previous year. The top 10 countries accounted for 88% of the re-exported value, while the remaining countries accounted for the 12%. United Kingdom ranked first with BD13 million, The Kingdom of Saudi Arabia second with BD11 million, and the United Arab Emirates third with BD10 million.
Parts for aircraft engines the top product re-exported from Bahrain with BD15 million, Other mountings fittings and the like for vehicles came in second place with BD3 million, and four-wheel drive cars came third with BD2 million.
The trade balance, which represents the difference between exports and imports, it amounted to (2 million dinars), recording a surplus in the value of the trade balance in July of 2022 compared to it in the same month of the previous year, which amounted to (31 million dinars), recording a surplus in the value of the trade balance, which It reduced it by 106%.
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