Trade deficit down 25% in H1 at JD2.9bln

Jordan’s trade balance deficit in the first six months of the current year slumped by 25.4 per cent to JD2.963 billion against JD3.969 billion in the same period of 2019, according to official figures released Tuesday.

 

The Kingdom’s total exports, which include national exports and re-exports, edged down by 7.3 per cent in the January-June period standing at JD2.523 billion from JD2.721 billion in the corresponding period of last year, the data by the Department of Statistics revealed.

 

National exports also inched down by 3.5 per cent to JD2.211 billion in the first half of the year, compared with JD2.292 billion, according to the data, which covers foreign trade.

 

With regard to re-exports (commodities brought to the Kingdom but re-exported to foreign markets), they dropped by 27.3 per cent to reach a total of JD311.7 million against JD429 million in the same period of last year.

 

Accordingly, the export-to-import ratio stood at 46 per cent in the first half of 2020, compared with 40.7 per cent in the same period last year, indicating an increase of 5.3 per cent.

 

Source: Jordan News Agency

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