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Bahrain’s exports dropped 14% in November

Bahrain's exports Unsplash
Bahrain's trade balance, the difference between exports and imports, recorded a deficit in November

Bahrain’s exports of national origin dropped by 14 percent in November year-on-year reaching BD350 million ($931.6 million).

According to the Information & eGovernment Authority, unwrought aluminium alloys were the top products exported during November this year, worth BD92 million.

Agglomerated iron ores and concentrated alloys was second with a value of BD54 million and third was urea, whether or not in aqueous solution (BD28 million).

The top 10 countries in terms of the value of exports of national origin accounted for almost three quarters (73 percent) of the total value. Saudi Arabia ranked first, importing BD75 million from Bahrain, followed by the US (BD47 million) and UAE (BD31 million).

The report on foreign trade revealed the value of imports decreased by 3 percent, reaching BD440 million during November 2022 compared to BD453 million for the same month of 2021.

The top 10 countries accounted for 70 percent of the value of imports. China ranked first (BD57 million), UAE second (BD45 million), and Brazil third (BD44 million).

Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain worth BD50 million, while aluminium oxide was second (BD34 million), and gold ingots third (BD18 million).

Overall the trade balance, the difference between exports and imports, recorded a deficit of BD26 million in November, compared to a surplus of BD2 million in 2021.