MANAMA: The Information eGovernment Authority (iGA) has published its foreign trade report for Q4 2023, covering trade balance, imports, exports of products with national origin, and re-exports, reported Bahrain News Agency.
As per the report, the value of imports has increased by 5 percent, reaching BD1.476 billion during Q4 2023 in comparison with BD1.410 billion for the same quarter in 2022. The top 10 countries for imports marked 69 percent of the total value of imports.
On the other hand, the value of exports of products with national origin marked a decrease by 10 percent to a value of BD1.013 billion during Q4 2023, compared to BD1.121 billion for the same quarter in 2022. The top 10 countries accounted for 69 percent of the total export value.
The total value of re-exports decreased by 6 percent to reach BD188 million during Q4 2023, compared to BD200 million for the same quarter in 2022. The top 10 countries in re-exports accounted for 81 percent of the re-exported value.
As for the trade balance
, which represents the difference between exports and imports, the deficit amounted to BD276 million in Q4 2023, compared to a deficit of BD88 million in Q4 2022, which led to an increase in the deficit by 212 percent.
Source: Emirates News Agency