Overview: In 2018 Bahrain was the number 98 economy in the world in terms of GDP (current US$), the number 81 in total exports, the number 77 in total imports, and the number 50 most complex economy according to the Economic Complexity Index (ECI). In 2018, Bahrain exported $12.7B and imported $20.2B, resulting in a negative trade balance of -$7.47B. In 2018, Bahrain's exports per capita were $8.12k and its imports per capita were $12.9k.
In 2018 Bahrain exported a total of $12.7B, making it the number 81 exporter in the world. During the last five reported years the exports of Bahrain have changed by -$1.85B from $14.6B in 2013 to $12.7B in 2018.
In 2018 Bahrain imported $20.2B, making it the number 77 trade destination in the world. During the last five reported years the imports of Bahrain changed by $1.5B from $18.7B in 2013 to $20.2B in 2018.
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).
This section shows forecasts for total product exports and imports for Bahrain. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
During the last 11 years Bahrain's economy has become relatively more complex, moving from the 60th to the 50th 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.
The top export opportunities for Bahrain according to the relatedness index, are Crude Petroleum (0.13), Petroleum Gas (0.11), Wheat Flours (0.11), Gravel and Crushed Stone (0.11), and Hard Liquor (0.11). 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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Bahrain
