Bahrain
2020 Product Exports | Imports: $10.1B | $11.9B, 88 of 226 | 88 of 226
2020 Per Capita Product Exports | Imports: $5.92k | $7.02k, 60 of 219 | 63 of 219
2014 Service Exports | Imports : $2.39B | $1.56B, 96 of 179 | 117 of 178
Overview In 2020 Bahrain was the number 88 economy in the world in terms of total exports and the number 88 in total imports.
Exports The top exports of Bahrain are Refined Petroleum ($3.19B), Raw Aluminium ($2.36B), Aluminium Wire ($338M), Iron Ore ($315M), and Bitumen and asphalt ($214M), exporting mostly to United Arab Emirates ($2.31B), Saudi Arabia ($1.71B), Malaysia ($688M), United States ($604M), and Kuwait ($513M).
In 2020, Bahrain was the world's biggest exporter of Bitumen and asphalt ($214M)
Imports The top imports of Bahrain are Iron Ore ($685M), Cars ($639M), Special Purpose Ships ($516M), Broadcasting Equipment ($426M), and Other Heating Machinery ($307M), importing mostly from United Arab Emirates ($3.01B), Saudi Arabia ($1.85B), China ($1.11B), Brazil ($674M), and United States ($635M).
Location Bahrain borders Iran, Qatar, and Saudi Arabia by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Bahrain.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Refined Petroleum, $3.19B
Top Destination (2020): United Arab Emirates, $3.01B
In 2020, Bahrain exported a total of $10.1B, making it the number 88 exporter in the world. During the last five reported years the exports of Bahrain have changed by -$7.29B from $17.4B in 2015 to $10.1B in 2020.
The most recent exports are led by Refined Petroleum ($3.19B), Raw Aluminium ($2.36B), Aluminium Wire ($338M), Iron Ore ($315M), and Bitumen and asphalt ($214M). The most common destination for the exports of Bahrain are United Arab Emirates ($2.31B), Saudi Arabia ($1.71B), Malaysia ($688M), United States ($604M), and Kuwait ($513M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
- United Arab Emirates, $1.66B (+ 123%)
- Italy, $140M (+ 44.1%)
- South Korea, $91.5M (+ 31.4%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionBahrain 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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionBahrain has a high level of specialization in Bitumen and asphalt (345), Aluminium Wire (155), Raw Aluminium (79), Stranded Aluminium Wire (76.7), and Iron Reductions (61.2). Specialization is measured using RCA, an index that takes the ratio between Bahrain observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Bahrain according to the product complexity index (PCI) are Prepared Rubber Accelerators (1.27), Liquid Fuel Furnaces (1.25), Boat Propellers (1.02), Electrical Power Accessories (0.95), and Print Production Machinery (0.89). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Bahrain according to the relatedness index, are Crude Petroleum (0.11), Cement (0.091), Non-fillet Fresh Fish (0.09), Wheat Flours (0.089), and Raw Iron Bars (0.089). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bahrain is not specialized in.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
