1. Overview the trade of BAHRAIN in goods current year until 202201
According to Dalian Infobank, in 202201, BAHRAIN's exports and imports of goods amounted to 2368.5570 million, and were up 35.06% comparing with the same period of last year. Among these, exports were up 74.58% at 1174.2059 million, and imports were up 10.48% at 1194.3511 million. And the corresponding trade deficit was 20.1451 million and down 95.07%.
During the current year until 202201, BAHRAIN's total exports and imports of goods were 2368.5570 million and were up 35.06% comparing to the same period of last year. Among these, exports were 1174.2059 million and up 74.58%; imports were 1194.3511 million and up 10.48%. The total trade deficit was 20.1451 million and down 95.07%.
If considering by country (region), SAUDI ARABIA, UNITED STATES, UNITED ARAB EMIRATES, CHINA, AUSTRALIA were BAHRAIN's top five trading partners. During the current year until 202201, BAHRAIN's imports and exports to five countries/territories were 309.5544 million, 262.6294 million, 214.1403 million, 211.6882 million, 109.8157 million. These values correspond to 13.07%, 11.09%, 9.04%, 8.94%, 4.64% of BAHRAIN's imports and exports, and, respectively, were up 35.18%, up 132.74%, up 13.85%, up 51.85%, up 39.72% comparing to the same period of last year.
Current year until 202201, BAHRAIN and the top five trade partners SAUDI ARABIA, UNITED STATES, UNITED ARAB EMIRATES, TURKEY, ITALY are the top five countries/territories that BAHRAIN exports to in terms of the total export amount. During the current year until 202201, BAHRAIN's exports to these five countries/territories were 234.4181 million, 191.0007 million, 113.9436 million, 66.0138 million, 64.9052 million. These values correspond to 19.96%, 16.27%, 9.70%, 5.62%, 5.53% of BAHRAIN's exports and, respectively, were up 59.79%, up 268.39%, up 5.57%, up 640.39%, up 1592.15% comparing with the same period of last year.
Current year until 202201, BAHRAIN's exports to top five countries/territories CHINA, AUSTRALIA, UNITED ARAB EMIRATES, BRAZIL, INDIA are the top five countries/territories that BAHRAIN imports from in terms of the total export amount. During the current year until 202201, BAHRAIN's imports from these five countries/territories were 195.1461 million, 105.1347 million, 100.1967 million, 80.1007 million, 75.1957 million. These values correspond to 16.34%, 8.80%, 8.39%, 6.71%, 6.30% of BAHRAIN's total imports and, respectively, were up 49.65%, up 37.07%, up 24.99%, down 33.60%, up 27.23% comparing with the same period of last year.
During the current year until 202201, the trade surplus of BAHRAIN was mainly from SAUDI ARABIA, UNITED STATES, TURKEY, EGYPT, ALGERIA at 159.2818 million, 119.3720 million, 49.5227 million, 37.4053 million, 36.2471 million, and up 147.27%, down 1404.80%, down 706.16%, up 238.94%, up 919.44%. And the trade deficits were mainly from CHINA, AUSTRALIA, BRAZIL, INDIA, GERMANY at 178.6041 million, 100.4537 million, 73.3129 million, 44.0154 million, 33.1712 million, and up 47.13%, up 34.28%, down 36.92%, up 33.01%, down 11.98%.
Current year until 202201, BAHRAIN's trade surplus or deficit with top five countries/territories During the current year until 202201, commodities with hs2 codes, 76, 84, 26, 28, 85, were BAHRAIN's top five traded commodities. They correspond to the import and export values of 597.2327 million, 204.3759 million, 203.3428 million, 118.2289 million, 111.4038 million, which were up 227.51%, down 1.79%, down 1.70%, up 40.28%, down 17.13% comparing with the same period of last year and account for 25.22%, 8.63%, 8.59%, 4.99%, 4.70% of BAHRAIN's total imports and exports.
During the current year until 202201, 76, 26, 72, 84, 04 were BAHRAIN's top five traded commodities, with total import and export values of 579.6774 million, 111.0766 million, 56.4453 million, 55.4399 million, 49.1545 million. These values correspond to 49.37%, 9.46%, 4.81%, 4.72%, 4.19% of BAHRAIN's total exports and, respectively, were up 232.83%, up 39.01%, down 37.69%, up 29.66%, up 177.82% comparing to the same period of last year.
During the current year until 202201, 84, 28, 85, 26, 87 were BAHRAIN's top five traded commodities, with total import values of 148.9359 million, 114.1440 million, 92.9824 million, 92.2662 million, 82.5788 million. These values correspond to 12.47%, 9.56%, 7.79%, 7.73%, 6.91% of BAHRAIN's total exports and, respectively, were down 9.92%, up 41.38%, down 7.39%, down 27.32%, down 14.35% comparing to the same period of last year.
2. Current year until 202201, BAHRAIN binational trade profile
According to Dalian Infobank, during the current year until 202201, BAHRAIN-China binational exports and imports of goods amounted to 211.6882 million and were up 51.85% comparing with the same period of last year. Among these, exports from BAHRAIN to China were 16.5421 million and up 83.70%, imports from China to BAHRAIN were 195.1461 million and up 49.65%. The total binational trade deficit was 178.6041 million and up 47.13%.
During the urrent year until 202201, commodities with hs2 code, 85, 84, 28, 26, 87, were binational trade's top five traded commodities. They correspond to import and export values of 49.6840 million, 35.2786 million, 16.5619 million, 11.8410 million, 10.5787 million and makes up 23.47%, 16.67%, 7.82%, 5.59%, 5.00% of the total binational imports and exports. These values were also up 57.82%, up 5.63%, up 509.60%, up 10156.54%, up 71.77% comparing to the same period last year.
During the current year until 202201, 26, 76, 87, 69, 84 were the top five traded commodities exported to China from BAHRAIN, with export values of 11.8410 million, 1.6131 million, 1.2584 million, 0.7029 million, 0.2155 million. These values account for 71.58%, 9.75%, 7.61%, 4.25%, 1.30% of BAHRAIN's total exports and were 0, up 3130.27%, up 309.61%, up 1050.24%, down 96.79% comparing to the same period of last year.
During the current year until 202201, 85, 84, 28, 73, 87 were BAHRAIN's top five traded commodities importing from China , with import values of 49.5950 million, 35.0631 million, 16.5619 million, 9.7267 million, 9.3202 million. These values account for 25.41%, 17.97%, 8.49%, 4.98%, 4.78% of BAHRAIN's total imports and were up 57.65%, up 31.35%, up 509.60%, up 89.27%, up 59.28% comparing with the same period of last year.
3.Analysis of import and export trends
Data Source: Bahrain CIO