Export Information and Intelligence: ITC tools for Bahrain
Organised by Export Bahrain during the Global Entrepreneurship Week (GEW).
30 November 2020. Geneva - Bahrain.
Background
Business operators in Bahrain have gained better access to trade intelligence tools to compare and identify export opportunities thanks to a unique collaboration between the International Trade Centre (ITC) and newly-established trade promotion organization Export Bahrain to be showcased at Global Entrepreneurship Week (29 November−6 December 2020).
Bahrain's Trade Map, Market Access Map and Export Potential Map have put data on export potential, market dynamics, competition, tariffs and regulatory requirements at the fingertips of Bahraini trade advisors.
The tools will help Export Bahrain strengthen its business advisory services and facilitate firms' access to trade intelligence tools to compare and identify export opportunities. Using trade intelligence tools can help alleviate market challenges and realize the potential that Bahrain holds in goods and services trade. Bahrain has the potential to export $6.2 billion in non-oil goods, and Bahrain's strong transport sector − with an export potential worth $918 million - will be vital to bringing these products to target markets around the globe. Logistics and other services providers can spot promising markets using the new services module of Bahrain's Export Potential Map. The analysis relies on ITC's export-potential-of-services methodology, which was piloted in Bahrain.
ITC's support for trade intelligence is part of a larger project financed by the Kingdom of Bahrain. The project aims to operationalize Exports Bahrain by strengthening its capacities to provide competitive services to exporting small and medium-sized enterprises (SMEs) and emerging SMEs with export potential. The project will also help improve the export competitiveness of Bahraini SMEs by giving them access to the business advisory services they need to start quickly or grow their international operations.
During the GEW, ITC introduced the four tools embedded on Export Bahrain’s website (Trade Map, Trade Potential, Market Access Map & Procurement Map) and demonstrated its functionalities.
About Global Entrepreneurship Week
The Global Entrepreneurship Week (GEW) is an annual week-long event launched in 2008 by the Global Entrepreneurship Network (GEN) and powered by the Kauffman foundation to celebrate innovators, entrepreneurs, and the drivers of economic growth. This year, GEW in collaboration with the Labour Fund “Tamkeen” will be held digitally for the first time in Bahrain between 29 November - 6 December 2020 and will focus on the following themes: Education, Policy, Ecosystems, Inclusion.
Packed with unique sessions designed and catered towards your needs, GEW 2020 will be filled with informative seminars, workshops, and competitions brought to you by local and international experts, investors, and decision makers.
Every year, 170+ countries partake in this global event, with over 40,000 events worldwide, 20,000 partners, and 10 million people. GEW provides a unique opportunity to connect with a vibrant ecosystem as it introduces you to entrepreneurs, investors, researchers, and policymakers.
Event documents
Presentations:
ITC Market Analysis Tools in Export Bahrain
Trade Map provides – in the form of tables, graphs and maps – indicators on export performance, international demand, alternative markets and competitive markets, as well as a directory of importing and exporting companies. Trade Map covers 220 countries and territories and 5300 products of the Harmonized System. The monthly, quarterly and yearly trade flows are available from the most aggregated level to the tariff line level.
The Export Potential Map identifies products and markets with (untapped) export potential as well as opportunities for export diversification. Based on the ITC export potential and diversification assessment methodology, it evaluates Bahrain’s performance, the target market’s demand and tariff conditions as well as bilateral links between Bahrain and the target market to provide a unique ranking of untapped opportunities.
Market Access Map allows Bahraini exporters to access, compare and analyze customs tariffs, tariff-rate quotas, trade remedies and non-tariff measures applicable to a specific good in any market in the world.
Procurement Map provides detailed information of over 150,000 international public tenders. This tool offers a quick route for Bahraini SMEs to capture export opportunities through the provision of the required information to apply and participate in international tenders.