The trade balance deficit of the Kingdom of Bahrain increased in January 2023, by 570 percent, compared to the same month of the previous year.
According to the Bahrain Information Authority (government), the country's trade balance deficit (representing the difference between exports and imports) rose to 51 million dinars ($136 million) last month. While the trade balance deficit reached 8 million dinars ($ 21.3 million) in the same month of 2022.
The data showed the value of merchandise imports rose 4 percent to 465 million dinars ($1.24 billion) last month. The value of exports of national origin fell 8 percent to 357 million dinars ($953 million) in January.
In terms of re-exports, the data revealed a 7 percent rise from 58 million dinars ($154 million).
Bahrain is the lowest producer of oil resources among the GCC countries, producing about 200,000 barrels of crude oil per day.
Source (Anadolu Agency, Edited)
