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Reading: Bahrain’s Car Market Sees Impressive Growth in 2024
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Gulf Press > Uncategorized > Bahrain’s Car Market Sees Impressive Growth in 2024
Uncategorized

Bahrain’s Car Market Sees Impressive Growth in 2024

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Last updated: 2024/12/29 at 9:08 PM
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The automotive market in Bahrain experienced a significant surge in 2024, with nearly 35,873 vehicles imported into the Kingdom between January and November. This amounted to a total value of BD201.8 million, highlighting the robust expansion of the sector. The numbers build on the substantial growth observed in 2023, reflecting a steady increase in demand and trade. China and Japan emerged as dominant players in Bahrain’s automotive import sector in 2024, leading in both volume and value.

China led the market in terms of volume, supplying 8,978 vehicles, which accounted for 25% of total imports, valued at BD50.2 million. Japan closely followed with 8,877 vehicles (24.7% of the total), but exceeded China in terms of value, contributing BD100.1 million to Bahrain’s automotive market. India ranked third, exporting 5,466 vehicles valued at BD24.1 million, followed by the United States and Thailand rounding out the top five, with 2,253 vehicles worth BD27.5 million and 1,923 vehicles valued at BD10.8 million, respectively. Countries like South Korea and the United Kingdom also played significant roles in supporting Bahrain’s growing automotive market.

The data reflects Bahrain’s strong and diverse international automotive trade ties, with the import figures for 2024 surpassing those of previous years. This sustained growth highlights the Kingdom’s expanding demand for automobiles and reinforces its position as a dynamic hub for international automotive trade. As Bahrain’s automotive market continues to thrive, the Kingdom’s focus on fostering global trade relationships remains pivotal to sustaining this upward momentum.Continued growth in vehicle imports in Bahrain is a positive sign for the automotive industry and highlights the country’s position as a key player in the international market.

The sustained growth in the automotive sector in Bahrain is indicative of the Kingdom’s strong demand for automobiles and its attractiveness as a hub for international trade. With countries like China, Japan, India, the United States, and Thailand leading in vehicle exports to Bahrain, the Kingdom’s automotive market is supported by diverse trade relationships. By maintaining and strengthening these relationships, Bahrain can continue to experience growth and expansion in its automotive industry.

The significant increase in vehicle imports in Bahrain in 2024 is a testament to the country’s thriving automotive market. With imports reaching nearly 35,873 vehicles valued at BD201.8 million, Bahrain has solidified its position as a key player in the global automotive trade. By fostering strong trade relationships and continuing to attract imports from countries like China, Japan, and India, Bahrain can sustain this upward trajectory and further establish itself as a dynamic hub for the automotive industry.

In conclusion, the automotive market in Bahrain experienced substantial growth in 2024, with a notable increase in vehicle imports and trade value. China and Japan emerged as leading players in the market, contributing significantly to Bahrain’s automotive sector. With continued growth in demand for automobiles and strong international trade ties, Bahrain’s automotive industry is set to thrive in the coming years. By focusing on fostering global trade relationships, the Kingdom can maintain its upward momentum and further enhance its position as a dynamic hub for international automotive trade.

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News Room December 29, 2024
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