Bahrain2021 Economic Complexity Technology : -1.21, Rank 81 of 96
2021 Economic Complexity Research : -0.22, Rank 77 of 140
2021 Product Exports | Imports: $15B | $15.5B, 80 of 226 | 89 of 226
2021 Per Capita Product Exports | Imports: $8.57k | $8.86k, 67 of 219 | 66 of 219
Overview In 2021 Bahrain was the number 80 economy in the world in terms of total exports and the number 89 in total imports.
Exports The top exports of Bahrain are Refined Petroleum ($4.28B), Raw Aluminium ($3.13B), Iron Ore ($1.13B), Iron Reductions ($720M), and Aluminium Wire ($418M), exporting mostly to United Arab Emirates ($2.55B), Saudi Arabia ($2.43B), United States ($1.11B), Japan ($1.04B), and India ($673M).
Imports The top imports of Bahrain are Iron Ore ($2.23B), Jewellery ($702M), Cars ($597M), Special Purpose Ships ($496M), and Refined Petroleum ($466M), importing mostly from United Arab Emirates ($3.72B), Saudi Arabia ($2.28B), Brazil ($1.91B), China ($1.36B), and India ($900M).
Location Bahrain borders Iran, Qatar, and Saudi Arabia by sea.
The 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.
The 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.
Top Export (2021): Refined Petroleum, $4.28B
Top Destination (2021): United Arab Emirates, $2.55B
In 2021, Bahrain exported a total of $15B, making it the number 80 exporter in the world. During the last five reported years the exports of Bahrain have changed by $5.16B from $9.83B in 2016 to $15B in 2021.
The most recent exports are led by Refined Petroleum ($4.28B), Raw Aluminium ($3.13B), Iron Ore ($1.13B), Iron Reductions ($720M), and Aluminium Wire ($418M). The most common destination for the exports of Bahrain are United Arab Emirates ($2.55B), Saudi Arabia ($2.43B), United States ($1.11B), Japan ($1.04B), and India ($673M).
Fastest Growing Export Markets (2020 - 2021)
Fastest Growing Import Markets (2020 - 2021)
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).
Bahrain has a high level of specialization in Iron Reductions (156), Aluminium Wire (115), Stranded Aluminium Wire (75.8), Raw Aluminium (55.8), and Documents of title (bonds etc) and unused stamps (28.3). 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 Furnace burners for liquid fuel, for pulverised solid fuel or for gas;... (1.15), Boat Propellers (1.11), Prepared rubber accelerators; compound plasticisers for rubber or plastics, n.e.c. or included;... (1.09), Railway or tramway locomotives or rolling stock; parts thereof (0.81), and Tubes, pipes and hoses, of vulcanised rubber (other than hard rubber), with... (0.78). 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, were Crude Petroleum (0.11), Petroleum Gas (0.093), Cement (0.088), Gravel and Crushed Stone (0.088), and Wheat Flours (0.087). 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.
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