Latest news with #ForeignTradeReport
Daily Tribune
6 days ago
- Business
- Daily Tribune
Bahrain's export sector Hits New High
TDT | Manama Bahrain's non-oil exports hit record BD338 million in April Bahrain's efforts to diversify its economy beyond oil received a boost in April 2025, as non-oil exports of nation- al origin surged by 22% compared to the same month last year. According to the latest Foreign Trade Report released by the Information & eGovernment Authority (iGA), the Kingdom exported BD338 million worth of domestically produced goods, up from BD277 million in April 2024. The figures reflect growing momentum in Bahrain's industrial base, especially in aluminium and mineral exports, which accounted for the largest share of the month's shipments abroad. Aluminium and iron drive growth Unwrought aluminium alloys continued to be Bahrain's top export, recording a value of BD105 million in April - accounting for 31% of all national origin exports. It was followed by agglomerated iron ores and concentrates alloyed at BD54 million (16%) and non-alloyed alu- minium wire at BD18 million (5%). Saudi Arabia maintained its l e a d a s Bahrain's l a rg e s t export destination, receiving BD81 million worth of goods (24%). The United States followed with BD35 million (10%), and the United Arab Emirates came in third with BD32 million (9%). Imports grow While exports climbed, Bahrain's imports also rose significantly - by 20% - reaching BD575 million in April, up from BD481 million in the same month last year. China was the top country of origin for imports at BD64 million (11%), followed by Australia with BD55 million (10%) and the UAE with BD49 million (9%). Top traded goods Among imports, non-agglomerated iron ores and concentrates led with BD67 million (12%), followed by aluminium oxide at BD51 million (9%) and gold jewellery at BD36 million (6%). On the re- exports side, turbo-jets topped the list at BD7.2 million, with fourwheel drives and gold ingots also featuring prominently. Although re-exports dipped by 9% to BD71 million, the top three markets - the UAE, Saudi Arabia, and Luxembourg - accounted for nearly three-quarters of that total.
Jordan News
26-05-2025
- Business
- Jordan News
Rise in Jordan's Exports of Apparel, Chemical Fertilizers, and Jewelry - Jordan News
Jordan witnessed a notable increase in exports of apparel, chemical fertilizers, jewelry, and raw potash during the first quarter of 2025, becoming key contributors to the growth of national exports—despite declines in phosphate and pharmaceutical product exports. اضافة اعلان According to the latest Foreign Trade Report by the Department of Statistics, these six leading industrial commodities accounted for 57.5% of total national exports, which reached JD 2.093 billion in Q1 2025. Chemical fertilizers topped the list of most exported national goods, with exports reaching JD 243 million—up from JD 201 million during the same period last year—marking a 20.9% increase. Apparel and related products followed with a 6.1% growth, totaling JD 384 million compared to JD 362 million in Q1 2024. Similarly, jewelry and ornaments exports rose by 13.3%, amounting to JD 221 million, up from JD 195 million. Raw potash exports also saw a 2.6% increase, reaching JD 120 million, compared to JD 117 million in the same period last year. On the other hand, phosphate exports dropped by 8.2%, recording JD 112 million versus JD 122 million a year earlier. Likewise, pharmaceutical preparations exports declined by 11.5%, falling to JD 123 million from JD 139 million. Overall, Jordan's national exports grew by 11.7% in the first quarter of 2025, climbing to JD 2.093 billion compared to JD 1.873 billion in the same period last year. "National exports" refer to goods and services produced within the Kingdom and exported abroad, including products from local companies and institutions.
Gulf Business
28-01-2025
- Business
- Gulf Business
GCC region remains a significant player in global trade: report
The Gulf Cooperation Council (GCC) remains a significant player in global trade, despite experiencing a decline in trade volume in 2023, according to the latest Foreign Trade Report issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf ( The GCC ranked sixth globally in the volume of trade in goods, accounting for 3.4 per cent of the world's total trade in goods. However, the region's overall trade volume dropped by 4.0 per cent to $1.5 trillion in 2023, down from the previous year. In terms of merchandise trade balance, the GCC secured the third position globally, with a value of $163.7 bn in 2023. This marks a significant decrease of 57.1 per cent compared to the $381.3 bn recorded in 2022. The report also highlighted the region's performance in commodity exports, with the GCC ranking fifth worldwide. The region contributed 3.1 per cent to global commodity exports, valued at $0.8tn in 2023, reflecting a 14.5 per cent decline compared to 2022. On the import side, the GCC ranked ninth globally, accounting for 2.7 per cent of total global merchandise imports, valued at $0.7tn in 2023. This represents a 13.4 per cent increase over the previous year. A detailed analysis showed that the GCC's trade in goods, excluding intra-regional trade, declined by 4 per cent to $1,482.4bn in 2023, from the same amount in 2022. Commodity exports saw a significant drop, falling from $962.6bn in 2022 to $823.1bn in 2023, a decrease of $139.5bn. Conversely, commodity imports grew by 13.4 per cent, rising to $659.3bn in 2023, up from $581.3bn the year prior. Oil exports, a major driver of GCC trade, fell by 20.5 per cent in 2023, totalling $525.5bn, compared to $661.1bn in 2022. GCC countries' key trading partners In terms of The GCC's commodity trade with China totaled $297.9bn in 2023, well ahead of India, the second-largest partner at $150.4bn, marking a $147.6bn gap. China was also the largest importer of Gulf commodities, purchasing 19.2 per cent of total GCC exports, valued at $158.3 bn, though this was a decrease of 16.8 per cent compared to $190.4bn in 2022. On the import side, China ranked first among the GCC's main trading partners, accounting for 21.2 per cent of the region's total merchandise imports. The value of imports from China grew by 10.8 per cent to $139.6bn, up from $126bn in 2022. While the overall figures reflect a slight slowdown in the GCC's trade activities in 2023, the region's position within global trade remains robust, with China continuing to be a dominant partner in both exports and imports.
Zawya
27-01-2025
- Business
- Zawya
GCC ranks 6th globally in goods trade volume
Muscat: The Foreign Trade Report of the Gulf Cooperation Council (GCC) countries 2023 issued by the GCC Statistical Centre 'GCC-Stat' indicated that the GCC came sixth on the list of top countries worldwide in the volume of trade in goods index. The GCC countries accounted for 3.4% of the total volume of global trade in goods, with a value amounting to 1.5 trillion US dollars in 2023, logging a decrease of 4.0% compared to the figures recorded in the previous year. The GCC countries came third globally on the list of top countries worldwide in the merchandise trade balance index in 2023, with a value of 163.7 billion US dollars, compared to 381.3 billion US dollars recorded in 2022, which marked a decrease of 57.1%. The report revealed that the GCC countries ranked fifth among the top countries worldwide in the index of total commodity exports in 2023, with a share of 3.1% of the total volume of global commodity exports, which amounted to 0.8 trillion US dollars in 2023, with a decrease of 14.5% compared to the figures recorded in the previous year. The GCC countries also ranked ninth globally in the total merchandise imports index in 2023, with a share of 2.7% of the total volume of global merchandise imports, at a value of 0.7 trillion US dollars in 2023, with an increase of 13.4% compared to the figures logged in the previous year. The report indicated that the GCC countries' trade in goods (excluding intra-trade) decreased by 4.0% in 2023, reaching about 1,482.4 billion US dollars in 2023, compared to 1,482.4 billion US dollars in 2023. The value of commodity exports of the GCC Countries decreased from $962.6 billion in 2022 to $823.1 billion in 2023, with a decrease of about $139.5 billion and a rate of 14.5%. The report added that the index of commodity imports of the GCC countries rose to about 659.3 billion US dollars in 2023, compared to 581.3 billion US dollars in 2022, with an increase of 78.0 billion US dollars compared to the figures recorded in the previous year and a growth rate of 13.4%. It also explained that the value of oil exports of the GCC countries decreased by 20.5% in 2023 to reach $525.5 billion, compared to $661.1 billion in 2022. As for the main trading partners, the GCC-Stat explained that China ranked first on the list of main trading partners in the commodity trade volume index in 2023. The value of the commodity trade volume amounted to 297.9 billion US dollars, surpassing its closest competitor, India, which ranked second with a value of 150.4 billion US dollars, with a difference of 147.6 billion US dollars. China is also the GCC Countries' most important trading partner. It ranked first in terms of the commodity exports index by importing 19.2% of the total Gulf commodity exports to global markets in 2023, at a value of $158.3 billion compared to $190.4 billion in 2022, with a decrease of 16.8%. China also ranked first among the GCC countries' main trading partners in the 2023 Total Merchandise Imports Index. It exported 21.2% of the GCC's total merchandise imports in 2023, with a value of USD 139.6 billion compared to USD 126.0 billion in 2022, recording an increase of 10.8% over the previous year. © Muscat Media Group Provided by SyndiGate Media Inc. (
Zawya
27-01-2025
- Business
- Zawya
GCC ranks 6th globally in goods trade volume: GCC-Stat
MUSCAT: The Gulf Cooperation Council (GCC) Foreign Trade Report for 2023, issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat), highlighted the region's significant position in global trade. The GCC ranked sixth globally in the volume of trade in goods index, accounting for 3.4 percent of the total global trade in goods. The region's trade volume reached $1.5 trillion in 2023, reflecting a 4.0 percent decrease compared to 2022. The GCC also ranked third globally in the merchandise trade balance index in 2023, with a value of $163.7 billion, compared to $381.3 billion recorded in 2022, which marked a decrease of 57.1 percent. In commodity exports, the GCC ranked fifth worldwide, contributing 3.1 percent of the global total with exports valued at $0.8 trillion in 2023, down 14.5 percent from 2022. Conversely, the region ranked ninth in total merchandise imports, accounting for 2.7 percent of global imports at a value of $0.7 trillion in 2023, reflecting a 13.4 percent increase from the previous year. The report further detailed that GCC trade in goods (excluding intra-trade) decreased by 4.0 percent, amounting to $1,482.4 billion in 2023, compared to $1,482.4 billion in 2023. Commodity exports fell from $962.6 billion in 2022 to $823.1 billion in 2023—a decline of $139.5 billion or 14.5 percent. However, commodity imports rose to $659.3 billion in 2023, up from $581.3 billion in 2022, an increase of $78.0 billion or 13.4 percent. Oil exports of the GCC countries decreased by 20.5 percent in 2023 to reach $525.5 billion, compared to $661.1 billion in 2022. As for the main trading partners, the GCC-Stat explained that China ranked first on the list of main trading partners in the commodity trade volume index in 2023. The value of the commodity trade volume amounted to $297.9 billion, surpassing its closest competitor, India, which ranked second with a value of $150.4 billion, with a difference of $147.6 billion. China is also the GCC Countries' most important trading partner. It ranked first in terms of the commodity exports index by importing 19.2 percent of the total Gulf commodity exports to global markets in 2023, at a value of $158.3 billion compared to $190.4 billion in 2022, with a decrease of 16.8 percent. China also ranked first among the GCC countries' main trading partners in the 2023 Total Merchandise Imports Index. It exported 21.2 percent of the GCC's total merchandise imports in 2023, with a value of $139.6 billion compared to $126.0 billion in 2022, recording an increase of 10.8 percent over the previous year.
