Bahrain non-oil Exports of National Origin reached BD298 million in August

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