Jordan’s trade deficit widens
Jordan’s trade position worsened during the first four months of 2001, with the deficit rising by a steep 35.4 percent to 609.6 million Jordanian dinars ($858.6 million), compared with the same period last year, reported the Department of Statistics in Amman.
On the positive side, exports were up during the four-month period, rising by 12.4 percent to JD 358.3 million ($504.6 million). Unfortunately, the increase in imports was even higher, climbing 24.8 percent to JD 1.060 billion ($1.493 billion).
The department said that export figures excluded goods with non-Jordanian certificates of origin, which rose 14.5 percent in value to JD 92.6 million ($130 million).
While the Department of Statistics statement did not specify the reason for the increase in imports, commentators said that it was predominantly caused by the higher cost of Iraqi oil. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)