Turkey-Bahrain Economic and Trade Relations

Economy of Bahrain (2017)

GDP (real, ppp, billion USD)

34,6

Inflation rate (%)

3,5

GDP growth rate (%)

2,7

Unemployment rate (%)

4,5

Population (million)

1,45

Export (fob-billion $ , 2016)

15,376

GDP per capita

(nominal, USD)

23.000

Import (cif-billion $ )

16,076

S ource: Ministry of Trade of the Republic of Turkey, Bahrain Economic Development Board (EDB), Bahrain Tourism and Exhibition Authority, National Bank of Kuwait

Main export partners: Saudi Arabia, UAE, USA, Japan, PRC, India

Main import partners : PRC, USA, UAE, Japan, Saudi Arabia, Australia, India

Main export items: Petroleum oils, crude oil, iron and steel, aluminum and aluminum products
Main import items: Crude oil, automobile, electrical and electronic equipment, medicine, gold

Bilateral Trade and Economic Relations (in million USD):

2015

2016

2017

2018

Export

225

193

227

299

Import

104

128

187

187

Volume

329

321

414

486

Balance

121

65

40

112

Source: TurkStat

Turkey’s main export items to Bahrain: Tobacco and its products, iron and steel, motor vehicles and their parts

Turkey’s main import items from Bahrain: Aluminium, iron, petroleum products (except for petroleum and its derivatives) chemical fertilizers, cotton products

Number of Bahraini tourists visiting Turkey : 28.609 (2015), 41.505 (2016), 59.442 (2017), 77.075 (2018)

Bilateral Cooperation Mechanisms

Joint Economic Commission (JEC) Meetings: The last JEC meeting was held on 2-3 March 2017 in Ankara.

Turkish-Bahraini Business Council: The Turkish-Bahraini Business Council was established based on the agreement signed by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and Bahrain Chamber of Commerce and Industry (BCCI) on 16 February 2006 in Istanbul. The first joint meeting of the board of directors of the Council was convened on the same day, whereas the last meeting of the Council was held on 1 March 2017 in Ankara, just before the JEC meeting (held on 2-3 March 2017).