The export volume index in the third quarter (Q3) of 2024 rose by 14.4 per cent compared to the same period in the previous year. This increase was primarily driven by growth in the export volume indices of Inedible Crude Materials (26.9 per cent), Machinery and Transport Equipment (16.9 per cent) and Mineral Fuels (15.4 per cent). However, the export unit value index declined by 4.9 per cent, resulting in a decrease in export value from BND 4,092.4 million to BND 3,600.9 million.
The decrease in the export unit value index was mainly due to a decline of 18.5 per cent in Miscellaneous Manufactured Articles Index, driven by lower unit values for professional, scientific, and controlling instruments and apparatus. This was followed by a 7.2 per cent decrease in the Manufactured Goods Index and a 6.1 per cent decline in the Chemicals Index.
