Exports in Bahrain
Bahrain - Exports
After economic growth picked up in Q4 2021, momentum is likely carrying through to H1 2022. Prices for oil have surged since the start of the year—to above the country’s breakeven price—due to the outbreak of the war in Ukraine on 24 February, which should have buoyed public coffers. Moreover, in mid-February authorities dropped all remaining Covid-19 restrictions—including those on mobility and on venue capacity—which should have supported consumption and spending on services. Additionally, the tourism industry improved significantly in the first three months of the year, largely thanks to big-ticket events such as the Formula 1 Grand Prix in March. Lastly, the external sector also performed well in Q1: Exports surged 83% year-on-year while imports increased by just 4%.
Bahrain - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 16.5 | 12.8 | 15.5 | 18.0 | 18.1 |
Bahrain Exports Chart
Source: Central Bank of Bahrain.
Bahrain Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.38 | 0.03 % | Jan 01 |
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