The value of Bahrain-origin exports reached BD561 million ($1.47 billion) during second quarter (Q2) of the year versus BD510 million for Q2 2017, marking a 10 per cent increase, said the Information & eGovernment Authority (iGA).
The top ten countries account for 82 per cent of the exported national origin value and 18 per cent for other countries, added the iGA in its foreign trade report of the second quarter of 2018 which encompasses balance of trade, imports, exports (National Origin) and re-exports.
Saudi Arabia was ranked as the first country importing from Bahrain with BD144 million, Oman second with BD68 million and UAE comes third place with BD66 million.
As for national exported products, agglomerated iron ores and concentrates emerged as the top products exported in the second quarter of 2018 with BD89 million; aluminium wires were positioned second products imported with a value of BD71 million; and unwrought aluminium stood third place for exported products with BD49 million.
As for re-exported field, the value of re-exports decreased by 8 per cent as it reached BD114 million during second quarter of 2018 versus BD124 million for the same quarter of the previous year. The top 10 countries account for 87 per cent of the re-exported value and 13 per cent for other countries.
Saudi Arabia was ranked as the first country to re-export from Bahrain with BD46 million, UAE ranked as the second with BD19 million, and China as the third with BD13 million.
Four-wheel drive cars emerged as the top product re-exported from Bahrain with BD17 million, cigarettes containing tobacco came as second products with BD10 million, and parts for other gas turbines as third with BD3 million.
The trade balance, difference between exports and imports, reached BD745 million during second quarter 2018 versus BD641 million for the same quarter of the previous year with increase of 16 per cent.
Aluminium oxide emerged as the top product imported to Bahrain with BD67 million, while the Non-agglomerated iron ores and concentrates as the second with BD62 million. Four-wheel drive cars came as third products with BD50 million during second quarter of 2018.
The value of imports increased by 11 per cent as it reached BD1.42 Billion during second quarter 2018 versus BD1.275 Billion for the same quarter of the previous year, while the top ten countries account for 66 per cent of the imports value and 34 per cent for other countries.
According to the report, China was ranked as the first country that exports to Bahrain with BD172 million; UAE as the second with BD137 million whereas Saudi Arabia ranked third with BD112 million.