Total exports surge in 2006

09 Apr '07

2 min read

Total exports of Bahrain in 2006 surged 15.3 percent to bring in almost BD4.35 billion. Oil exports accounted for BD3.46 billion, almost 79.7 percent of the entire exports.

The major reason for surge in earnings from exports is the hiked oil prices, last year.

Total non-oil exports stood at BD0.88 billion, representing an increase of over 4.7 percent and accounting for 20.3 percent of the entire exports.

Base metals and related wares were top exports, followed by textile and textile products and chemical industry.

The total imports increased by 12.6 percent in 2006 to reach BD3.36 billion, with oil imports at BD1.84 billion, witnessing a rise of 17.6 percent.

Non-oil imports recorded at BD1.52 billion, mounted 7 percent. Non-oil imports accounted for 45.2 percent of the total imports.

Machinery and appliances, transport equipment and base metals and articles ranked as top non-oil import products.

Bahrain's trade with other GCC member countries was about 36.4 percent of non-oil exports and 20.7 percent of non-oil imports in the year 2006.

Saudi Arabia has been the major export destination at BD184.5 million in 2006, representing 60.2 percent of total non-oil exports with the GCC member countries.

The other important markets were UAE and Qatar representing 17.3 percent and 11.3 percent respectively of the total non-oil exports.

Other major international destinations are Germany, Taiwan, India, Japan, China and the US.

Japan was the top supplier at BD181.0 million, followed by Germany at BD96.8mn, Australia at BD125.4 million, China at BD123.9mn, and US at 108.5mn.

More Textiles News - Bahrain...