Bahrain Non-Oil Exports of National Origin Reached BD1018 Million in Q1 2024

by BTM

Mon, 03 June 2024

Bahrain Non-Oil Exports of National Origin Reached BD1018 Million in Q1 2024

The Information & eGovernment Authority (iGA) has released its Q1 2024 Foreign Trade report, which encompasses data on Trade Balance, Imports, national origin Exports and Re-exports. 

As per the report, the value of non-oil imports has increased by five percent, reaching BD1497 million in Q1 2024 in comparison with BD1431 million for the same quarter in 2023.  The top 10 countries for imports recorded 69 percent of the total value of imports. 

According to the report, China ranked first for imports to Bahrain, with a total of BD211 million (14 percent), followed by The United Arab Emirate (UAE) with 134 million (9 percent) and Australia with 128 million (8.6 percent).

On the other hand, the value of exports (National Origin) reached BD1018 million in Q1 2024. The top 10 countries accounted for 72 percent of the total export value.

Saudi Arabia ranked first among countries for non-oil exports (National Origin) with BD270 million (27 percent).  The UAE was second with BD131 million (13 percent) and the United States of America (USA) was third with BD83 million (8 percent).

The total value of non-oil Re-exports increased by 11 percent to reach BD206 million during Q1 2024, compared to BD186 million for same quarter in 2023. 

As for the Trade Balance, which represents the difference between exports and imports, the deficit recorded BD273 million dinars in Q1 2024 compared to a deficit of 241 million dinars in Q1 2023.