Bahrain non-oil Exports of National Origin reached BD894 million in Q2

Manama, The Information and eGovernment Authority (iGA) has released its Q2 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 4%, reaching BD1410 million in Q2 2024 in comparison with BD1469 million for the same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports. According to the report, China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with 157 million (11%) and Australia with 112 million (8%). Non-Agglomerated Iron Ores and Concentrates were recorded as the top product imported to Bahrain with a total value of BD200 million (14%), followed by Other Aluminum Oxide with BD101 million (7%) and Parts for Aircraft Engines being the third with BD41 million (3%). On the other hand, the value of non-oil exports (National Origin) has decreased by 6%, reaching BD894 million in Q2 2024 in compar ison with BD949 million for same quarter in 2023. The top 10 countries accounted for 64% of the total export value. The Kingdom of Saudi Arabia ranked first among countries for non-oil exports (National Origin) with BD201 million (22%). The United States of America was second with BD75 million (8.4%) and The United Arab Emirates was third with BD73 million (8.2%). Unwrought Aluminum Alloys were recorded as the top products exported in Q2 2024 with BD267 million (30%), followed by Agglomerated Iron Ores and Concentrates Alloyed with a value of BD159 million (18%) and Aluminum Wire not Alloyed with BD49 million (5%). The total value of non-oil Re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries in Re-exports accounted for 86% of the re-exported value. The United Arab Emirates ranked first with BD58 million (28%) followed by Kingdom of Saudi Arabia with BD39 million (19%) and United Kingdom with BD17 million (8%). As per t he report, Turbo-Jets was the top product re-exported from Bahrain with a value of BD65 million (32%), followed by Private Cars BD11 million (5%), and Four Wheel Drive came third with BD9 million (4%). As for the Trade Balance, which represents the difference between exports and imports, the deficit recorded BD310 million in Q2 2024 compared to a deficit of BD322 million in Q2 2023. Source: Bahrain News Agency