Manama: Mahmood Rafique, Editor: The foreign trade volume for the month of July surged to BD801 million with imports account for BD464 million and exports of BD 337 million and trade deficit reaching BD 66 million.
The figures for foreign trade released by the Information & eGovernment Authority (iGA) include 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 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 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 then non-oil exports (National Origin) with BD61 million (18%). The United States of America was second with BD28 million (8%) and the United Arab Emirate was third with BD25million (7%).
Agglomerated Iron Ores and Concentrates Alloyed 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.
