Flag Bahrain

Econ Complexity (2018): 0.4, Rank 50 of 137

Product Exports (2018): $12.7B, Rank 81 of 222

Exports Per Capita (2018): $8.12k, Rank 66 of 219

Product Imports (2018): $20.2B, Rank 77 of 221

Imports Per Capita (2018): $12.9k, Rank 60 of 219

Service Exports (2014): $2.39B, Rank 93 of 176

Service Imports (2014): $1.56B, Rank 112 of 175

GDP (2018): $37.7B, CURRENT US$
Rank 98 of 196

GDP growth (2008 - 2018): 46.8%, CURRENT US$
Rank 84 of 196

GDP PC (2018): $24,051, CURRENT US$
Rank 40 of 196

GDP PC GROWTH (2008 - 2018): 4.27%, CURRENT US$
Rank 133 of 196

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.

Trade: The top exports of Bahrain are Refined Petroleum ($3.2B), Raw Aluminium ($1.52B), Iron Ore ($981M), Aluminium Wire ($743M), and Crude Petroleum ($499M). The top imports of Bahrain are Crude Petroleum ($5.31B), Cars ($1.01B), Aluminium Oxide ($803M), Iron Ore ($592M), and Gas Turbines ($444M).

Destinations: Bahrain exports mostly to Saudi Arabia ($1.9B), United Arab Emirates ($1.84B), United States ($864M), Japan ($840M), and Oman ($730M), and imports mostly from Saudi Arabia ($6.72B), United Arab Emirates ($1.78B), China ($1.65B), United States ($1.07B), and Australia ($860M).

Location: Bahrain borders Iran, Qatar, and Saudi Arabia by sea.

Product Exports

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Top Export (2018): Refined Petroleum, $3.2B

Top Destination (2018): Saudi Arabia, $1.9B

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.

The most recent exports are led by Refined Petroleum ($3.2B), Raw Aluminium ($1.52B), Iron Ore ($981M), Aluminium Wire ($743M), and Crude Petroleum ($499M). The most common destination for the exports of Bahrain are Saudi Arabia ($1.9B), United Arab Emirates ($1.84B), United States ($864M), Japan ($840M), and Oman ($730M).

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Product Imports

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Depth

Top Import (2018): Crude Petroleum, $5.31B

Top Origin (2018): Saudi Arabia, $6.72B

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.

The most recent imports of Bahrain are led by Crude Petroleum ($5.31B), Cars ($1.01B), Aluminium Oxide ($803M), Iron Ore ($592M), and Gas Turbines ($444M). The most common import partners for Bahrain are Saudi Arabia ($6.72B), United Arab Emirates ($1.78B), China ($1.65B), United States ($1.07B), and Australia ($860M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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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.

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Economic Complexity

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Economic Complexity Ranking

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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.

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Most Specialized Products by RCA Index

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Bahrain has a high level of specialization in Aluminium Wire (240), Stranded Aluminium Wire (139), Iron Reductions (110), Aluminium Powder (42), and Raw Aluminium (35.8). 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

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The highest complexity exports of Bahrain according to the product complexity index (PCI) are Gaskets and similar joints of metal sheet (1.86), Rubber or plastic accelerator, plasticiser, stabiliser (1.22), Rolled stainless steel sheet, width > 600mm (1.11), Parts of railway, tramway locomotives, rolling-stock (1.11), and Base metal fittings nes for furniture, doors, cars/etc (1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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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.

Diversification Frontier

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Depth

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.