Manama, The Information and eGovernment Authority (iGA) has released its August 2024 Foreign Trade report, which encompasses data on Trade Balance, Imports, National Origin Exports and Re-exports.
As per the report, the value of non-oil imports has decreased by 7% reaching to BD494 million in August in comparison with BD534 million for same month in 2023. The top 10 countries for imports recorded 66% of the total value of imports.
According to the report, China ranked first for imports to Bahrain, with a total of BD66 million (13%), followed by Australia with BD52 million (11%) and The United States of America with 39 million (8%).
Non-Agglomerated Iron Ores and Concentrates recorded as the top product imported to Bahrain with a total value of BD59 million (11.9%), followed Other Aluminum Oxide with BD57 million (11.5%) and Parts for Aircraft Engines being the third with BD21 million (4%).
On the other hand, the total value of non-oil exports (National Origin) decreased by 8% to reach BD298 million durin
g August 2024, compared to BD324 million for same month in 2023. The top 10 countries in exports (National Origin) accounted for 72% of the exports (National Origin) value.
Saudi Arabia ranked first among countries for then non-oil exports (National Origin) with BD66 million (22%). The USA was second with BD57 million (19%) and the UAE was third with BD27 million (9%).
Unwrought Aluminum Alloys recorded as the top products exported in August with BD73 million (24%), followed by Unwrought Aluminum Not Alloyed with a value of BD36 million (12%) and Agglomerated Iron Ores and Concentrates with BD31 million (10%).
The total value of non-oil Re-exports decreased by 14% to reach BD60 million during August, compared to BD70 million for same month in 2023. The top 10 countries in Re-exports accounted for 87% of the re-exported value. The UAE ranked first with BD31 million (52%) followed by Saudi Arabia with BD11 million (18%) and Luxembourg with BD3 million (5%).
As per the report, Smartphones was the top product
re-exported from Bahrain with a value of BD12 million (20%), followed by Gold Ingots BD4 million (7%), and Four Wheel Drive came third with BD3 million (5%).
As for the Trade Balance, which represents the difference between exports and imports, the deficit recorded BD136 million dinars in August compared to a deficit of BD139 million dinars in August 2023.
Source: Bahrain News Agency