Manama, October 20 (BNA) The Information and e-Government Authority issued its report on foreign trade for the third quarter of 2022, including data on trade balance, imports and exports (national origin) and re-exports.
The value of imports increased by 9% to reach 1.471 billion dinars during the third quarter of 2022, compared to 1.349 billion dinars for the same quarter of the previous year.
The top ten countries accounted for 71% of the value of imports, while the remaining countries accounted for 29%.
According to the report, China ranked first in terms of imports to Bahrain, with a total of 213 million dinars, Brazil ranked second with 188 million dinars, and Australia with 123 million Bahraini dinars.
Non-agglomerated iron ores and concentrates emerged as the best product imported to Bahrain with a total value of 201 million dinars, while aluminum oxide came in second place with a value of 113 million dinars, and aircraft engine parts came in third place with a value of 78 million dinars.
The value of exports of national origin increased by 6% to reach 1.240 billion dinars during the third quarter of 2022, compared to 1.174 billion dinars for the same quarter of the previous year.
The top ten countries in terms of value of exports of national origin purchased from Bahrain accounted for 77% of the total value, while the remaining countries accounted for 23%.
The Kingdom of Saudi Arabia ranked first among the countries receiving Bahraini exports of national origin, as it imported 260 million Bahraini dinars from Bahrain.
The United States came in second with 171 million dinars, and the United Arab Emirates third with 139 million dinars.
Unwrought aluminum ingots emerged as the largest exported products during the third quarter of 2022 with a value of BD 455 million, agglomerated iron ore and its concentrates came in second place with a value of BD 231 million, and aluminum wire (unalloyed) ranked third with a value of BD 53 million.
The total re-export value increased by 1% to reach BD 177 million in Q3 2022, compared to BD 175 million for the same quarter of the previous year.
The top ten countries accounted for 80% of the re-export value, while the remaining countries accounted for 20%.
Saudi Arabia ranked first with 38 million dinars, the United Arab Emirates second with 37 million dinars, and the United Kingdom in third place with 14 million dinars.
Aircraft engine spare parts emerged as the best re-exported product from Bahrain with a value of 31 million dinars, and other vehicle installations and the like came in the second place with a value of 10 million dinars, and the human medicine vaccine came in third place with a value of 9 million dinars.
The trade balance, the difference between exports and imports, recorded a deficit of 54 million dinars during the third quarter of 2022, compared to one million dinars for the same quarter of the previous year, with an improvement in the trade balance by 8739%.
ZHB