Bahrain flag Bahrain: Visió econòmica i política

Xifres de comerç exterior de Bahrain

Foreign Trade in Figures

Bahrain's market constitutes one of the most diversified economies in the region. The country is very open to foreign trade, which accounted for 141.7% of the GDP in 2019 (World Bank, 2022). Petrochemical products account for over 42% of Bahraini exports, a share that is relatively low compared to the rest of the region. Bahrain has a strong steel and aluminium industry, accounting for up to 23.6% of exports. Petroleum products also account for the largest item of imports (30%), mainly crude oil imports from Saudi Arabia, followed by machineries, electrical and electronic equipment and cars and other vehicles.

Saudi Arabia is the top destination for Bahraini exports (25%), followed by the United Arab Emirates (18%), the United States (9.8%), Oman (5.4%) and Egypt (4.7%). Saudi Arabia was also the main supplier in 2021 (34% of total imports), followed by China (11%), Australia (5.1%) and the United Arab Emirates with 5% (Trade Economics, 2022).

Bahrain's trade balance is structurally positive (in 2019 of an estimated USD 6,47 billion) but it is strongly linked to oil prices. Bahrain exports of goods stood at 14 billion USD in 2020, while imports declined from 13.2 billion USD to 12.6 billion USD in 2020 according to data from WTO. Exports of services remained stable at 11.4 billion USD in 2020, whereas imports of services increased to 9.2 billion USD (WTO, 2022).

Bahrain’s trade balance saw a surplus of 2 million BD ($5.3 million USD) in November 2021, a 101% improvement from the 163 million BD (432 million USD) deficit for the same period in 2020 as the country recovers from the impact of coronavirus on its economy. According to the kingdom’s foreign trade report, issued by the Information and eGovernment Authority in December 2021, the value of imports increased by 13%, reaching 453 million BD (1.2 billion USD), during November 2021 compared to 402 million BD (1.06 billion USD) for the same month in 2020.

 
Foreign Trade Values 20162017201820192020
Imports of Goods (million USD) 8,70010,85014,87113,25612,683
Exports of Goods (million USD) 11,96015,37618,04418,12014,066
Imports of Services (million USD) 1,7427,8008,0778,0839,263
Exports of Services (million USD) 3,17011,35612,24911,77611,468

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20152016201720182019
Foreign Trade (in % of GDP) 154.9139.6143.1151.4142.4
Trade Balance (million USD) 831-804-700-1,066n/a
Trade Balance (Including Service) (million USD) 3,3512,6942,8562,910n/a
Imports of Goods and Services (Annual % Change) -5.7-3.27.65.7-5.6
Exports of Goods and Services (Annual % Change) -0.8-2.83.73.60.3
Imports of Goods and Services (in % of GDP) 71.865.467.371.865.5
Exports of Goods and Services (in % of GDP) 83.174.275.879.676.8

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20212022 (e)2023 (e)2024 (e)2025 (e)
Volume of exports of goods and services (Annual % change) -17.27.76.05.35.3
Volume of imports of goods and services (Annual % change) -12.65.64.54.34.0

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Member of Gulf Cooperation Council (GCC)

Member of Arab League.

The country is also part of the Greater Arab Free Trade Area (GAFTA), a pact of the Arab League entered into force in January 2005 which aims to form an Arabic free trade area.

 

Main Partner Countries

Main Customers
(% of Exports)
2019
Saudi Arabia 14.3%
United Arab Emirates 10.1%
United States 5.6%
Oman 3.1%
Egypt 2.7%
See More Countries 64.2%
Main Suppliers
(% of Imports)
2019
Saudi Arabia 33.7%
China 11.1%
Australia 5.0%
United Arab Emirates 5.0%
Brazil 4.6%
See More Countries 40.6%

Source: Comtrade, 2021. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

14.4 bn USD of products exported in 2018
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 48.1%
Iron ores and concentrates, incl. roasted iron...Iron ores and concentrates, incl. roasted iron pyrites 6.9%
Aluminium wire (excl. stranded wire, cables,...Aluminium wire (excl. stranded wire, cables, plaited bands and the like and other articles of heading 7614, electrically insulated wires, and strings for musical instruments) 5.6%
Unwrought aluminiumUnwrought aluminium 4.7%
Plates, sheets and strip, of aluminium, of a...Plates, sheets and strip, of aluminium, of a thickness of > 0,2 mm (excl. expanded plates, sheets and strip) 2.5%
See More Products 32.2%
20.6 bn USD of products imported in 2018
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 27.8%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 4.9%
Artificial corundum, whether or not chemically...Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide 4.4%
Iron ores and concentrates, incl. roasted iron...Iron ores and concentrates, incl. roasted iron pyrites 3.6%
Electrical apparatus for line telephony or line...Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 2.0%
See More Products 57.3%

Source: Comtrade, 2021. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import Export Flows.

Return to top

Vols fer algun comentari sobre aquest contingut? Escriu-nos.

 

© Export Entreprises SA, Tots els drets reservats.
Actualitzacions: April 2022

Return to top