Jordan’s trade balance deficit with GAFTA up 104% in H1 of 2022

Jordan’s trade balance deficit with Greater Arab Free Trade Area (GAFTA) countries increased by 104 percent to some JD1.534 billion in the first half of 2022, compared with JD749 million in the same period last year, the Department of Statistics (DoS) announced on Sunday.

According to the DoS foreign trade data, the value of national exports to GAFTA countries rose in the first six months of 2022 by 15.1 percent to reach some JD1.239 billion, compared with the same period last year, which amounted to JD1.076 billion.

The value of Jordan’s imports from GAFTA nations increased “significantly” during the first half of 2022 by 52 percent to around JD2.773 billion, compared to the same period last year, which amounted to JD1.825 billion, the DoS figures showed.

According to the DoS report, Saudi Arabia topped the list of Jordanian exports to GAFTA countries in the first half of 2022, accounting for JD390 million. Saudi Arabia was also the top exporter to Jordan, exporting a value that reached around JD1.460 billion. As a result, the trade balance deficit with the Arab Gulf nation amounted to about JD1.07 million in the first half of 2022.

Source: Jordan News Agency

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