Bahrain’s exports of national origin jumped 43 per cent reaching BD1.351 billion ($3.59 billion) in the second quarter of 2022, compared to BD943 million for the corresponding quarter of the previous year.
The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 71 per cent of the total value, with the remaining countries accounting for 29 per cent, according to the Information & eGovernment Authority (iGA).
Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD245 million worth of products from Bahrain. The US came second with BD206 million and UAE third with BD112 million.
Unwrought aluminium alloys ranked as the top products exported during second quarter 2022 with BD474 million, agglomerated iron ores and concentrates was second with a value of BD222 million and unwrought aluminium not alloyed third with BD83 million. The total value of re-exports increased by 12 per cent to reaching BD184 million during second quarter 2022, compared to BD164 million for the same quarter of the previous year. The top 10 countries accounted for 83 per cent of the re-exported value, while the remaining countries accounted for the 17 per cent. The UAE ranked first with BD41 million, Saudi Arabia second with BD35 million, and Singapore third with BD34 million.
Parts for aircraft engines were the top product re-exported from Bahrain with BD29 million; in the second place came parts for wrist watches control with BD11 million, and parts for other gas turbines came third with BD10 million. The trade balance, the difference between exports and imports, recording a decrease in the value.