Turkey-Bahrain Economic and Trade Relations

Economic Outlook of Bahrain (2016)

GDP (billion USD)

31,858

Inflation Rate (%)

3,5

Economic Growth (GDP %)

2,1

Unemployment Rate (%)

4,3

Population (million)

1,3

Export (billion $)

12,785

Population growth (%)

4,9

Import (billion $)

13,588

GDP per capita (USD)

22.755

Source: IMF, World Bank, EIU

Main trade partners: Saudi Arabia, UAE, USA, China, Japan

Main export products: Mineral fuels and oils , aluminum and articles thereof, iron and steel
Main import products: Mineral fuels, vehicles other than railway or tramway , machinery, boilers, electrical and electronic equipment

Bilateral Commercial and Economic Relations :

Turkey’s foreign trade with Bahrain

2011

2012

2013

2014

2015

2016

Export

160

209

199

204

225

193

Import

111

159

172.5

294

104

128

Volume

272

367

371.5

498

329

321

Balance

49

50

26.5

-90

121

66

Source: TUIK (Million US Dollars)

Turkey’s exports to Bahrain: Tobacco and materials, iron and steel, motor vehicles and parts thereof

Turkey’s imports from Bahrain: Aluminum and articles thereof, fertilizers, cotton and cotton textiles.

Number of visitors from Bahrain: 28.609 (2015), 41.505 (2016)

Bilateral Cooperation Mechanisms:

Joint Economic Commission (JEC) Meeting: Last meeting of the JEC was held on 2-3 March 2017, in Ankara. Deputy Prime Minister H.E. Mehmet Şimşek and Bahrain’s Minister of Finance H.E. Shaikh Ahmed bin Mohammed Al-Khalifa are the co-chairmen of the JEC.

Business Council: Turkish-Bahraini Business Council was established in 2006, in İstanbul. The last meeting of the Council was held on 1 March 2017, in Ankara.