TRADE DEFICIT DOWN 27.6PCT IN FIRST 5 MONTHS OF 2020

Jordan’s trade deficit inched down to JOD2.5 billion, or 27.6 percent, in the first 5 months of 2020 compared with JOD3.5 billion in the same period last year.

According to a monthly report released by the Department of Statistics Tuesday, the total value of the Kingdom’s exports during the January-May period dropped to JOD1.9 billion, down by 10 percent, compared with JOD2.2 billion in the same period of 2019.

National exports during the first 5 months of this year went down by 5.5 percent amounting to JOD1.7 billion, compared with JOD1.8 billion in the same period of 2019, while imports decreased during the same period by 20.8 percent, amounting to JOD4.5 billion.

 

Source: Embassy of the Hashemite Kingdom of Jordan

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