The Information and eGovernment Authority (iGA) issued its foreign trade report of May 2021, encompassing data on the balance of trade, imports, exports (national origin), and re-exports.
The value of imports increased by 6%, reaching BD402 million during May 2021 compared to BD378 million for the same month of the previous year. The top 10 countries accounted for 66% of the value of imports, with the remaining countries accounting for 34%.
According to the report, Brazil ranked first when it came to imports to Bahrain, with a total of BD52 million; China was second with BD46 million; and Australia was third with BD31million.
Non-agglomerated iron ores and concentrates as the top product imported into Bahrain with a total value of BD75 million, while Aluminum oxide emerged was second with BD28 million, and four-wheel drive cars third with BD13 million.
The value of exports of national origin increased by 60% to BD283 million during May 2021, compared to BD176 million for the same month of the previous year. The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 75% of the total value, with the remaining countries accounting for 25%.
The Kingdom of Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD52 million from Bahrain. Meanwhile, United Arab Emirates was second with BD45 million and China third with BD20million.
Agglomerated iron ores and concentrates emerged as the top products exported during May 2021 with BD60 million, Unwrought aluminum alloys was second with a value of BD48 million and Semi-finished iron and steel third with BD24 million.
The total value of re-exports increased by 38% to reach BD55million during May 2021, compared to BD40 million for the same month of the previous year. The top 10 countries accounted for 89% of the re-exported value, while the remaining countries accounted for the 11%. The United Arab Emirates ranked first with BD14 million, the Kingdom of Saudi Arabia second with BD12 million, and the Singapore third with BD6 million.
Four-wheel drive cars as the top product re-exported from Bahrain with BD9 million, Parts for Plane Engines came in second place with BD6 million, and gold ingots came third with BD5 million.
The trade balance, difference between exports and imports, the value of the deficit of the trade balance reached BD65 million during May of 2021 versus BD162 million for the same month of the previous year with a decrease of 60%.