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2021
Economic Complexity
Technology -1.21Rank 81 of 96
2022
Economic Complexity
Research -0.59Rank 92 of 140
2023
Product
Exports | Imports $19.9B | $17.5B81 of 226 |  92 of 226
2023
Per Capita Product
Exports | Imports $12.6k | $11.1k34 of 220 |  67 of 220

About

Overview In 2023 Bahrain was the number 81 economy in the world in terms of total exports and the number 92 in total imports.

Exports The top exports of Bahrain are Refined Petroleum ($6.65B), Raw Aluminium ($3.24B), Iron Ore ($1.5B), Aluminium Wire ($663M), and Jewellery ($568M), exporting mostly to United Arab Emirates ($3.12B), Saudi Arabia ($2.96B), South Africa ($1.52B), United States ($1.23B), and India ($752M).

In 2023, Bahrain was the world's biggest exporter of Aluminium Wire ($663M)

Imports The top imports of Bahrain are Iron Ore ($1.52B), Aluminium Oxide ($1.19B), Cars ($1B), Special Purpose Ships ($700M), and Gold ($593M), importing mostly from China ($2.23B), Saudi Arabia ($2.11B), United Arab Emirates ($1.88B), Brazil ($1.33B), and Australia ($1.25B).

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

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Refined Petroleum$6.65B
Top Destination (2023)United Arab Emirates$3.12B

In 2023, Bahrain exported a total of $19.9B, making it the number 81 exporter in the world. During the last five reported years the exports of Bahrain have changed by $4.19B from $15.7B in 2018 to $19.9B in 2023.

The most recent exports are led by Refined Petroleum ($6.65B), Raw Aluminium ($3.24B), Iron Ore ($1.5B), Aluminium Wire ($663M), and Jewellery ($568M). The most common destination for the exports of Bahrain are United Arab Emirates ($3.12B), Saudi Arabia ($2.96B), South Africa ($1.52B), United States ($1.23B), and India ($752M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
South Africa$626M (+ 70.1%)
Zimbabwe$326M (+ 40M%)
Morocco$278M (+ 73.1%)
Fastest Growing Import Markets (2022 - 2023)
United States$418M (+ 52.2%)
Saudi Arabia$361M (+ 20.7%)
United Arab Emirates$303M (+ 19.2%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2014)

Service Imports (2014)

Economic Complexity

Overview

Economic Complexity (Technology)-1.21Rank 81 of 96
Economic Complexity (Research)-0.59Rank 92 of 140

Most Specialized Products by RCA Index

Bahrain has a high level of specialization in Aluminium Wire (136), Stranded Aluminium Wire (112), Iron Reductions (71.9), Bitumen and asphalt (71.3), and Raw Aluminium (49.8). Specialization is measured using RCA, an index that takes the ratio between Bahrain observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Bahrain according to the relatedness index, were Crude Petroleum (0.12), Petroleum Gas (0.1), Cement (0.096), Raw Iron Bars (0.095), and Wheat Flours (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.

Product Space

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.

Relatedness Space

This network shows the products most related to the production structure of Bahrain. These are products that tend to be co-exported with the products that Bahrain exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

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