Bahrain2019 Economic Complexity : 0.47, Rank 51 of 146
2019 Product Exports | Imports: $13.2B | $13.2B, 83 of 225 | 89 of 225
2019 Per Capita Product Exports | Imports: $8.07k | $8.07k, N/A of N/A | N/A of N/A
2014 Service Exports | Imports : $2.39B | $1.56B, 96 of 179 | 116 of 178
Overview In 2019 Bahrain was the number 94 economy in the world in terms of GDP (current US$), the number 83 in total exports, the number 89 in total imports, the number N/A economy in terms of GDP per capita (current US$) and the number 51 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Bahrain are Refined Petroleum ($5.51B), Raw Aluminium ($1.85B), Crude Petroleum ($675M), Iron Ore ($498M), and Aluminium Plating ($329M), exporting mostly to United Arab Emirates ($4.04B), Saudi Arabia ($1.63B), Japan ($1.05B), United States ($1.01B), and South Korea ($477M).
Imports The top imports of Bahrain are Cars ($848M), Iron Ore ($805M), Jewellery ($724M), Gold ($445M), and Gas Turbines ($384M), importing mostly from United Arab Emirates ($3.54B), China ($1.48B), Saudi Arabia ($881M), United States ($723M), and Brazil ($677M).
In 2019, Bahrain was the world's biggest importer of Gold Clad Metals ($10.9M)
Location Bahrain borders Iran, Qatar, and Saudi Arabia by sea.
Top Export (2019): Refined Petroleum, $5.51B
Top Destination (2019): United Arab Emirates, $4.04B
In 2019, Bahrain exported a total of $13.2B, making it the number 83 exporter in the world. During the last five reported years the exports of Bahrain have changed by -$10.7B from $23.9B in 2014 to $13.2B in 2019.
The most recent exports are led by Refined Petroleum ($5.51B), Raw Aluminium ($1.85B), Crude Petroleum ($675M), Iron Ore ($498M), and Aluminium Plating ($329M). The most common destination for the exports of Bahrain are United Arab Emirates ($4.04B), Saudi Arabia ($1.63B), Japan ($1.05B), United States ($1.01B), and South Korea ($477M).
Top Import (2019): Cars, $848M
Top Origin (2019): United Arab Emirates, $3.54B
In 2019 Bahrain imported $13.2B, making it the number 89 trade destination in the world. During the last five reported years the imports of Bahrain changed by -$7.1B from $20.3B in 2014 to $13.2B in 2019.
The most recent imports of Bahrain are led by Cars ($848M), Iron Ore ($805M), Jewellery ($724M), Gold ($445M), and Gas Turbines ($384M). The most common import partners for Bahrain are United Arab Emirates ($3.54B), China ($1.48B), Saudi Arabia ($881M), United States ($723M), and Brazil ($677M).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
Bahrain Exports Services (2014): $2.39B
Bahrain Imports Services (2014): $1.56B
In 2014, Bahrain exported $2.39B worth of services. The top services exported by Bahrain in 2014 were Travel ($1.2B), Transportation ($718M), Insurance services ($408M), and Other business services ($67.8M).
The top services imported by Bahrain in 2014 were Transportation ($734M), Travel ($718M), Other business services ($54.5M), and Insurance services ($53.2M).
The top product import tariffs by their MFN Ad Valorem value for Bahrain are Tobacco refuse (1.43k%) and Homogenized or reconstituted tobacco (501%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Bahrain are:
Bahrain has a high level of specialization in Stranded Aluminium Wire (118), Aluminium Wire (114), Iron Reductions (101), Raw Aluminium (49.2), and Aluminium Powder (36.8). Specialization is measured using RCA, an index that takes the ratio between Bahrain observed and expected exports in each product.
The highest complexity exports of Bahrain according to the product complexity index (PCI) are Rubber or plastic accelerator, plasticiser, stabiliser (1.05), Parts for electrical switches, protectors, connectors (0.95), Rubber tube, pipe, hose, except hard rubber (0.94), Parts of railway, tramway locomotives, rolling-stock (0.9), and Pigments for paint, stamping foils, dyes, retail (0.75). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Bahrain according to the relatedness index, are Crude Petroleum (0.12), Petroleum Gas (0.11), Cement (0.097), Wheat Flours (0.095), and Non-fillet Fresh Fish (0.095). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bahrain is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 12 years Bahrain's economy has become relatively more complex, moving from the 62nd to the 51st position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.