Bahrain’s trade deficit with United States hits $431 million

January 5, 2016 11:50 am

The trade deficit of the Kingdom of Bahrain with the United States with respect to non-oil trade exchange amounted to $431 million during the 11 months from January until November of 2015.

According to the Bahraini Customs Administration’s data, trade in products, goods and services of non-oil between Bahrain and the United States over the 11 months totalled $1.67 billion, with trade balance in favour of the United States.

US exports to Bahrain amounted to $1.052bn, while Bahrain’s exports to the US were nearly $621 million during the 11 months of 2015, reports Bahrain-based Alwasat News.

Zayed R Alzayani, minister of Industry, Commerce and Tourism, said: “The US benefited from the free trade agreement more than Bahrain did”, adding: “since activating the free trade agreement, US exports to Bahrain tripled, while Bahrain’s exports to US have doubled”.

(US$1 = AED3.67, at the time of publishing)


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.