Manama, The Information and eGovernment Authority (iGA) has released its July 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 increased by 5%, reaching BD464 million in July 2024 in comparison with BD441 million for the same month in 2023. The top 10 countries for imports recorded 70% of the total value of imports.
According to the report, China ranked first for imports to Bahrain, with a total of BD73 million (16%), followed by Australia with BD65 million (14%) and Brazil with 37 million (8%).
Other Aluminum Oxide is recorded as the top product imported to Bahrain with a total value of BD66 million (14%), followed by Non-Agglomerated Iron Ores and Concentrates with BD42 million (9%) and Private Cars being the third with BD14 million (3%).
On the other hand, the total value of non-oil exports (National Origin) increased by 4% to reach BD337 million during July 2024, compared to BD323
million for same month in 2023. The top 10 countries in exports (National Origin) accounted for 68% of the exports (National Origin) value.
The Kingdom of Saudi Arabia ranked first among countries for non-oil exports (National Origin) with BD61 million (18%). The United States of America was second with BD28 million (8%) and the United Arab Emirates was third with BD25million (7%).
Agglomerated Iron Ores and Concentrates Alloyed were recorded as the top products exported in July 2024 with BD83 million (25%), followed by Unwrought Aluminum Alloys with a value of BD77 million (23%) and Unwrought Aluminum not Alloyed with BD18 million (5%).
The total value of non-oil Re-exports increased by 22% to reach BD61 million during July 2024, compared to BD50 million for same month in 2023. The top 10 countries in Re-exports accounted for 84% of the re-exported value. The United Arab Emirate ranked first with BD21 million (34%) followed by Kingdom of Saudi Arabia with BD18 million (30%) and Germany with BD3 million (5
%).
As per the report, Private Cars was the top product re-exported from Bahrain with a value of BD9 million (15%), followed by Gold Ingots BD6 million (10%), and Smartphones came third with BD3 million (5%).
As for the Trade Balance, which represents the difference between exports and imports, the deficit recorded BD66 million dinars in July 2024 compared to a deficit of BD68 million dinars in July 2023.
Source: Bahrain News Agency