Bahrain-origin exports surge 9pc to top $1bn
The value of Bahrain’s exports of national origin increased by 9 per cent to BD400 million ($1.05 billion) during October 2022, compared to BD366 million for the same month of the previous year, said the Information &eGovernment Authority (iGA) in a new report.
The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 77 per cent of the total value, with the remaining countries accounting for 23 per cent, the iGA said in its foreign trade report of October 2022.
Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD85 million from Bahrain. Meanwhile, the US was second with BD46 million and the UAE third with BD42 million.
Unwrought aluminium alloys emerged as the top products exported during October 2022 with BD141 million, agglomerated iron ores and concentrates alloyed was second with a value of BD61 million and unwrought aluminium not alloyed third with BD 37 million.
The total value of re-exports increased by 44 per cent to reach BD83 million during October 2022, compared to BD57 million for the same month of the previous year. The top 10 countries accounted for 91 per cent of the re-exported value, while the remaining countries accounted for the 9 per cent. Singapore ranked first with BD19 million, Saudi Arabia second with BD18 million, and the UAE third with BD13 million.
Parts for airplanes the top product re-exported from Bahrain with BD29 million, portable digital automatic data processing machines came in second place with BD4 million, and gold ingots came third with BD3.6 million.
The value of imports increased by 11 per cent, reaching BD500 million during October 2022 compared to BD452 million for the same month of the previous year. The top 10 countries accounted for 68 per cent of the value of imports, with the remaining countries accounting for 32 per cent.
According to the report, China ranked first when it came to imports to Bahrain, with a total of BD65 million, the UAE was second with BD47 million, and Brazil was third with BD45 million.
Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a total value of BD65 million, while aluminium oxide was second with BD32.4 million, and parts for airplanes third with BD32.2 million.
The trade balance, difference between exports and imports, the value of the deficit of the trade balance reached BD17million during October of 2022 versus BD29 million for the same month of the previous year with decrease of 41 per cent.
Brazil’s exports to Arab world climb to $14.5bn
Brazil’s exports to Arab countries jumped 25.71 per cent to $14.47 billion during the first ten months (10M) of 2022, the Arab Brazilian Chamber of Commerce (ABCC) reported. The exports grew from $11.51 billion in 2021 to $14.47 billion from January to October this year.
Brazilian exports to the UAE shot up 46.53 per cent from $1.76 billion in the first ten months of 2021 to $2.577 billion in 2022. Exports to Saudi Arabia, on the other hand witnessed a growth of 39.13 per cent from $1.713 billion in 2021, to $2.384 billion in 2022.
Qatar experienced a similar increase of 41.63 per cent to $339.05 million between January and October of 2022, as compared to $239.39 million in 2021. On the other hand, Kuwait experienced a growth of 69.37 per cent from $155.58 million in 2021 to $263.5 million in 2022, while Egypt saw a surge of 72.13 per cent from $1.320 billion to $2.273 billion.
Osmar Chohfi, President of ABCC said: “The trade balance between Brazil and Arab countries remains positive during the first ten months of 2022, which reflects the robust, as well as growing trade relations between the countries. In the coming months, we anticipate a further increase in regional demand for Brazilian products owing to many factors, including a boost in tourism.
“Brazil’s robust export growth highlights the Arab countries’ resilience and capacity to rebound and prosper, even in time of challenging global market conditions. The ABCC further strives to encourage commerce and explore new avenues in the economic relations between the two countries. In this regard, Brazil has always been and will continue to be a reliable partner for the Arab world.”
There has also been a significant increase in the total exports of beef from Brazil to the Arab countries between January and October 2022, registering a growth of 34.09 per cent to $936.9 million, as compared to $698.7 million in 2021. The UAE recorded an increase of 40.86 per cent from $166.99 million to $235.22 million in 2022, while Saudi Arabia reported a growth of 6.54 per cent to $165.14 million as compared to $155.01 million.
On the other hand, while Qatar witnessed a surge of 91.27 per cent from $16.44 million to $31.45 million, Egypt recorded a growth of 70.28 per cent to $340.32 million, as compared to $199.86 million reported during the same time frame last year.
Similarly, the Arab countries also saw an increase of 33.02 per cent between January and October 2022 in chicken meat exports by Brazil, from $2.004 billion in 2021 to $2.666 billion in 2022. The UAE saw a surge of 49.48 per cent from $537.46 million in the first ten months of 2021, to $803.41 million in 2022.
Meanwhile, Saudi Arabia witnessed an increase of 25.96 per cent to $719.46 million between January and October of 2022, as compared to $571.19 million last year, while Egypt reported a growth of 36.42 per cent from $44.11million in 2021 to $60.17 million. Qatar also witnessed an increase in the exports of chicken meats from Brazil, registering a growth of 66.71 per cent from $106.76 million in 2021 to $177.99 million in 2022
Outdoor mobile robot shipments ‘to hit 350,000’
Shipments of outdoor mobile robots will grow from 40,000 units in 2021 to reach 350,000 by 2030 at a CAGR of 27 per cent, according to global intelligence firm ABI Research.
With the successful deployment of mobile robots for successful navigation, manipulation, and functional safety in material handling, transporting, and cleaning, companies are now looking to deploy robots for outdoor applications for the same reasons.
“No doubt the market is affected by a series of headwinds, including high-interest rates, the recent withdrawal of major solution providers from the last mile delivery sector, and the lack of scalability in highly fragmented markets. But labour shortages, the focus on workplace safety, and rising costs have led companies to deploy robotics automation across various sectors,” explains Lian Jye Su, Industrial, Collaborative, and Commercial Robotics Research Director at ABI Research.
For instance, Blue White Robotics and Built Robotics are offering additional modules to automate existing machines in agriculture and construction. These modules have localised navigation and computer vision systems focusing on backward compatibility and interoperability.