The value of non-oil exports (national origin) has decreased in the fourth quarter (Q4) of 2024 by one per cent hitting BD1.002 billion ($2.64bn) compared with BD1.01bn ($2.67bn) for same quarter in 2023.
The top 10 countries accounted for 71pc of the total export value, according to the Information and eGovernment Authority (iGA).
Saudi Arabia ranked first among countries for non-oil exports (national origin) with BD230 million (23pc) followed by the US in the second spot with BD130m (13pc) and the UAE in the third place with BD81m (8pc), stated iGA in its 2024 Foreign Trade report, which encompasses data on trade balance, imports, national origin exports and re-exports.
Unwrought aluminium alloys recorded as the top products exported in Q4 netting BD278m (28pc), followed by agglomerated iron ores and concentrates alloys with a value of BD120m (12pc) and unwrought aluminium not alloyed with BD77m (8pc).
As per the iGA report, the value of non-oil imports has increased by 1pc reaching BD1.49bn in Q4 2024 when compared with BD1.47bn for same quarter in 2023.
The top 10 countries for imports recorded 71pc of the total value of imports, it added.
China ranked first for imports to Bahrain, with a total of BD215m (14pc), followed by Australia with BD158m (11pc) and the UAE with BD114m (8pc).
According to iGA report, other aluminium oxide recorded as the top product imported to Bahrain with a total value of BD149m (10pc), followed by non-agglomerated iron ores and concentrates with BD112m (8pc) and parts for aircraft engines being the third with BD66m (4pc).
The total value of non-oil re-exports for Q4 surged by 13pc to hit BD212m compared with BD188m for same quarter in 2023.
The top 10 countries in re-exports accounted for 80pc of the re-exported value, stated the report.
The UAE ranked first with BD72m (34pc) followed by Saudi Arabia with BD48m (23pc) and Belgium with BD11m (5pc), it added.
According to iGA, the turbo-jets were the top product re-exported from Bahrain with a value of BD33m (16pc), followed by four-wheel drive BD24m (11pc), and gold ingots came third with BD15m (7pc).
As for the trade balance, which represents the difference between exports and imports, the deficit recorded BD277m in Q4 2024 compared to a deficit of BD275m in Q4 2023, it added.
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