Manama, Bahrain: Bahrain exported BD1.121 billion ($2.98 billion) worth of products during fourth quarter of 2022, the Information &eGovernment Authority (iGA) said in its report.
The value of imports increased by 0.3 percent, reaching BD1.410 billion ($3.75 billion) during fourth quarter 2022 compared to BD1.406 billion ($3.72 billion) for the same quarter of the previous year.
The top 10 countries accounted for 69 percent of the value of imports, while the remaining countries 31 percent.
China ranked first when it came to imports with a total value of BD183 million, United Arab Emirates was second with BD133 million, and Brazil was the third with BD131 million.
Non-agglomerated iron ores and concentrates emerged as the top product imported into Bahrain with a total value of BD153 million, while Aluminum oxide was second with BD97 million, and gold ingots third with BD47 million.
The value of exports of national origin decreased by 6 percent reaching BD1.121 billion during the quarter, compared with BD1.192 billion for the same quarter of the previous year.
The top 10 countries in terms of the value of exports of national origin accounted for 73 percent of the total value, while the remaining countries accounting for 27 percent.
Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD261 million from Bahrain. The United Arab Emirates was second with BD126 million and United States of America third with BD110 million.
Unwrought aluminum alloys emerged as the top product exported during the quarter with BD325 million, Agglomerated iron ores and concentrates alloyed was second with a value of BD177 million and unwrought aluminum not alloyed third with BD83 million.
The total value of re-exports increased by 29 percent to reach BD200 million during the quarter 2022, compared with BD155 million for the same quarter of the previous year.
The top 10 countries accounted for 88 percent of the re-exported value, while the remaining countries accounted for the 12 percent.
Saudi Arabia ranked first with BD45 million, the United Arab Emirates second with BD41 million, and Singapore third with BD30 million.
Parts for airplanes the top product re-exported from Bahrain with BD44 million, wristwatch nonprecious meta came in second place with BD13 million, and gold ingots came third with BD9 million.
The trade balance, which is considered the difference between exports and imports, recorded a deficit of BD88 million during the quarter compared to a deficit of BD59 million for the same quarter of the previous year, with a growth of 50 percent.