Jordan’s trade balance with the United States registered a surplus of JD105 million in the first quarter of 2022, according to the latest foreign trade statistics.
According to the data released by the Department of Statistics Sunday, national exports to the United States increased by 6 percent in the first quarter of 2022, reaching about JD365 million, compared to JD344 million in the same period of 2021.
The Kingdom’s imports from the United States also rose in the first quarter, reaching about JD260 million, compared to JD245 million in the same period of 2021, according to the figures.
Garments and textiles are key exports to the US market, followed by engineering industries, foodstuff, Dead Sea cosmetics, and jewelry.
The balance of trade is the difference between the value of a country’s exports and imports in a given period, and is the largest component of its balance of payments.
Source: Jordan News Agency