Indonesia's trade balance with Bahrain recorded a deficit of US$94.01 million in 2020. This trade deficit decreased by 29.21% compared to the previous year's deficit of US$ -0.13 billion.
According to Trademap data, the improvement in the trade balance was supported by Indonesia's export value, which reached US$38.04 million. However, Indonesia's imports from Bahrain in 2020 were higher than exports, reaching US$132.05 million.
Indonesia's exports to Bahrain have been declining over the past year. The previous year's export value was US$46.13 million.
Imports, according to Trademap data, decreased by 26.21% compared to the previous year's figure of US$178.94 million.
Based on product type, 10 main export products from Indonesia to Bahrain recorded a surplus in 2020. The total value of these main exports reached US$33.37 million.
List of 10 Main Indonesian Export Products to Bahrain
- (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- (HS 48): Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper or paperboard; paper and paperboard; articles of paper pulp, of paper or of paperboard
- (HS 84): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
- (HS 15): Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
- (HS 44): Wood and articles of wood; wood charcoal
- (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products
- (HS 85): Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers
- (HS 62): Articles of apparel and clothing accessories, not knitted or crocheted
- (HS 08): Edible fruit and nuts; peel of citrus fruit or melons
- (HS 61): Articles of apparel and clothing accessories, knitted or crocheted
Globally, the trade balance for all goods improved due to an increase in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$ -3.59 billion.