Economic Affairs Editor
A report issued by the Bahrain Chamber of Commerce and Industry revealed a noticeable increase in the volume of trade exchange between the Kingdom of Bahrain and the State of Qatar during the fourth quarter of 2024, when it reached 116 million dollars, compared to 33 million dollars in the same period in 2023, recording an increase of 255%, which is the highest among the Gulf Cooperation Council countries.
The report showed that the Kingdom of Saudi Arabia maintained its position as the largest commercial partner for Bahrain, as the volume of trade exchange between the two countries increased by 2%, from 969 million dollars in the fourth quarter of 2023 to 984 million dollars in the fourth quarter of 2024.
As for the United Arab Emirates, it witnessed a decrease in the volume of trade exchange with Bahrain by 10%, from 789 million dollars in the fourth quarter of 2023 to 710 million dollars in the fourth quarter of 2024.
In terms of exports, Bahrain’s exports to the Kingdom of Saudi Arabia amounted to $ 739 million, as iron materials and their concentrated centers topped the exports list of $ 109 million.
The United Arab Emirates ranked second in terms of the size of Bahraini exports, with a value of $ 408 million, and gold alloys were the main commodity exported with a value of $ 49 million, representing 12% of the total exports.
The United States of America ranked third, with exports amounting to 291.356 million dollars, and raw aluminum mixtures were the most prominent commodity worth 164 million dollars, representing 46% of the total exports.
It was followed by the Netherlands with exports amounting to $ 215 million, as non -mixed raw aluminum mixtures were the main commodity with a value of $ 105 million, representing 49% of the total exports.
Finally, India came with exports amounting to $ 136 million, and urea was the most prominent commodity of $ 42 million, representing 31% of the total exports.
These generous dynamic figures in Bahrain’s trade relations with the Gulf Cooperation Council countries reflect, and highlight the importance of diversifying economic partnerships and enhancing regional cooperation to achieve sustainable growth.
