The Effects of the Free Trade Agreements and
Global Trade Deficits on the United States Economy in 2012.

© 2013

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A printable copy of this entire study is available
United States Free Trade Agreements 2011.

Table of Contents

Executive Summary Introduction Domestic Manufacturing
Global Trade Oil China
Free Trade Agreements Combined Australia Bahrain
CAFTA-DR Costa Rica Dominican Republic
El Salvador Guatemala Honduras
Nicaragua Chile Colombia
Israel Jordan Morocco
NAFTA Canada Mexico
Oman Panama Peru
Singapore South Korea Trans-Pacific Partnership
Trans-Atlantic Free Trade Agreement Corporate Taxation Employment
Sources Data Miscellaneous

Bahrain

Our FTA with Bahrain started in 2006 and is one of five of our Free Trade Agreement partner countries in MENA; Middle Eastern North African. Our FTA with Bahrain is more about politics than economics, although economics is tied loosely to the politics and military; it is the U.S. Naval Forces Central Command. The political and social turmoil of Bahrain for the last six plus decades is not conducive to equal bilateral trade. Our actual imports and exports for the small island nation are almost negligible in relation to our total FTA trade balance for any year between 1985 and 2011. One of the most abundant commodities that Bahrain has is oil, which is not any of the products exported directly to the U.S. In fact, what we import and export is less than 1% for most products. When looking at the top 20 imports for 2011, it’s not hard to ascertain what was actually manufactured in Bahrain. Bahrain does not have enough manufacturing to export to countries with a large consumer base like the U.S. Most of what Bahrain would have imported into the U.S. came from other MENA countries and India.

Product Group Bahrain Imports FTA Imports Percent of FTA Imports
Fertilizers, pesticides, and insecticides 151,634,647 6,630,483,516 2.29%
Apparel and household goods-cotton 138,670,998 9,157,784,740 1.51%
Bauxite and aluminum 71,753,230 7,219,485,294 0.99%
Industrial organic chemicals 48,267,653 6,964,210,407 0.69%
Apparel and household goods-other textiles 35,792,823 5,864,279,108 0.61%
Finished metal shapes & advncd manuf, except steel 26,192,358 6,465,097,275 0.41%
U.S. goods returned, and reimports 19,668,382 16,325,594,455 0.12%
Other (movies, misc imports, and spec transactions 7,707,653 2,099,233,136 0.37%
Woodworking, glass working, & plastic & rubber mch 4,198,823 1,409,758,909 0.30%
Minimum value shipments 2,240,633 4,896,067,953 0.05%
Cotton cloth and fabrics, thread & cordage 1,631,281 263,712,699 0.62%
Jewelry (watches, rings, etc.) 1,602,999 1,182,753,231 0.14%
Other (boxes, belting, glass, abrasives, etc.) 1,348,061 10,331,019,050 0.01%
Synthetic cloth and fabrics, thread and cordage 1,255,642 1,831,726,372 0.07%
Fish and shellfish 1,135,694 4,866,763,735 0.02%
Other materials (hair, waste materials, etc.) 1,129,091 256,400,742 0.44%
Parts for civilian aircraft 763,501 3,320,653,891 0.02%
Iron and steel mill products-semifinished 724,159 7,399,011,402 0.01%
Materials handling equipment 596,933 3,600,054,090 0.02%
Sporting and camping apparel, footwear and gear 347,492 526,734,364 0.07%

Exports fluctuated wildly through the 26 year period covered. These fluctuations coincided with the political situations in Bahrain. As the political environment improved or stabilized, exports increased, then visa-versa during unstable years. What was exported during the good years were equipment for oil production and surplus military supplies and equipment. It is also important to note that of the finished products we exported to Bahrain many are high value and meant for the general public and the government.

By looking at the top 20 exports, our oil industry support for Bahrain is obvious. Some of what was imported would have been used in the oil industry and or converted for military use. Most of the military equipment is surplus rather than new. It is unfortunate also that most of the non-military products that were exported are not "Made in USA".

Product Group Bahrain Exports FTA Exports Percent of FTA Exports
Civilian aircraft, engines, equipment, and parts 213,163,220 16,635,208,075 1.28%
Minimum value shipments 175,060,470 14,084,425,703 1.24%
Passenger cars, new and used 128,181,601 19,154,245,716 0.67%
Drilling & oilfield equipment 86,006,811 3,883,198,891 2.21%
Industrial engines 75,819,848 11,938,874,755 0.64%
Industrial machines, other 52,308,430 21,244,770,772 0.25%
Petroleum products, other 27,962,339 35,837,943,882 0.08%
Wood, glass, plastic 22,220,722 2,015,960,941 1.10%
Telecommunications equipment 21,410,469 15,849,431,940 0.14%
Parts for military-type goods 21,377,890 1,678,259,659 1.27%
Electric apparatus 18,530,749 21,267,718,818 0.09%
Medicinal equipment 17,660,821 8,641,382,598 0.20%
Measuring, testing, control instruments 16,165,248 9,251,456,614 0.17%
Trucks, buses and special purpose vehicles 15,758,110 15,785,832,823 0.10%
Photo, service industry machinery 13,386,785 5,136,024,340 0.26%
Plastic materials 13,375,320 18,408,120,336 0.07%
Aircraft launching gear, parachutes, etc. 13,309,962 68,886,909 19.32%
Toys/games/sporting goods 12,851,840 5,662,852,923 0.23%
Chemicals-other 12,511,838 11,597,984,068 0.11%
Other foods 12,108,807 6,496,089,327 0.19%

We have had a trade surplus with Bahrain every year except for the four years from 2003 through 2007. Through those four years though, the highest deficit barely hit $158 million in 2006. Our best year of trade was 2010 with a net surplus of a little over $829 million. Between 1985 and 1998 imports from Bahrain remained relatively stable year-over-year. From 1999 to 2011 imports fluctuated without consistency.

Click image for a larger view.

Import/export data for Global Trade can be obtained from:
Census Bureau - Foreign Trade.