The value of Bahrain’s national origin exports increased by nine per cent as it reached BD587 million ($1.54 billion) during the first quarter (Q1) of the year versus BD538 million for Q1 2018, said the Information & eGovernment Authority (iGA) in its foreign trade report.

The top ten countries account for 82 per cent of the exported national origin value and 18 per cent for other countries.

Saudi Arabia was ranked as the first country importing from Bahrain with BD139 million, United Arab Emirates came as second with BD95 million and the US came third place with BD74 million.

As for national export products, agglomerated iron ores and concentrates emerged as the top products exported in the first quarter of 2019 with BD83 million; aluminium wire were positioned second products imported with a value of BD44 million; and unwrought aluminium alloys stood third place for exported products with BD26 million.

In regards to the re-exported field, the value of re-exports increased by 66 per cent as it reached BD196 million during the first quarter of 2019 versus BD118 million for the same quarter of the previous year. The top ten countries account for 84 per cent of the re-exported value and 16 per cent for other countries. Saudi Arabia was ranked as the first country to re-export from Bahrain with BD50 million, UAE ranked as the second with BD44 million, and China as third with BD26 million.

Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD24 million, agglomerated iron ores and concentrates came as second products with BD21 million, and parts for piston engines came as third with BD19 million.

The trade balance, difference between exports and imports, the value of the deficit of the trade balance reached BD375 million during the first quarter of 2019 versus BD637 million for the same quarter of the previous year with a decrease of 41 per cent.

The value of imports decreased by 11 per cent as it reached BD1.157 billion during the first quarter of 2019 versus BD1.293 billion for the same quarter of the previous year, while the top ten countries account for 67 per cent of the imports value and 33 per cent for other countries.

According to the report, China was ranked as the first country which exports to Bahrain with BD158 million, the UAE as the second with BD92 million whereas Brazil was ranked third with BD84 million.

Non-agglomerated iron ores and concentrates emerged as the top product imported to Bahrain with BD102 million, while the aluminium oxide as the second with BD77 million. Four-wheel drive cars were the third products with BD52 million during the first quarter of 2019. – TradeArabia News Service

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