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Bahrain’s imports and exports expected to hit $31.4 billion in 2016

Country’s trade figures have been on a decline since 2014

The total imports and exports of Bahrain, which include goods and services, is expected to reach $31.4 billion over the next year, according to a recent economic report.

This represents an increase of 7.9 per cent, compared with $29.1bn in 2015, while it was $37.9bn in 2014, reports Qatar-based Al Sharq.

According to a report issued by Daman Investments quoting the International Monetary Fund (IMF), the country’s exports are likely to reach $18.8bn in 2016, up by eight per cent compared with $17.4bn this year.

Meanwhile, imports are expected to reach $12.6bn next year, up by 7.7 per cent compared with $11.7bn in 2015.
It is noteworthy that Bahrain’s total exports in 2013 was nearly $23.9bn, fell to $23.2bn the following year and continued to decline to $17.4bn in 2015.

Imports, on the other hand, were recorded at $15.2bn in 2013, fell to $14.7bn in 2014 and continued to decline to $11.7bn in 2015, according to the report.

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