Jordan: Trade deficit on the rise
Jordan's trade deficit on the increase
Jordan's trade deficit shot up to JOD6.772 billion in the first 9 months of the current year, up by 19.5 per cent compared with JOD5.583 billion for the same period of 2011, official statistics showed.
The data by the Departments of Statistics revealed that Jordan's imports at the end of the third quarter of the year climbed to JOD10.9 billion from JOD9.8 billion in the same period last year, up by 10.5 per cent.
Meanwhile, the Kingdom's exports dropped by 1.2 per cent, reaching JOD4.224 billion compared with JOD4.274 billion. The report also showed that the Kingdom's exports of potash, fertilizers and phosphate slightly dropped while pharmaceuticals, garments and vegetables exports saw an increase.
The main imports that pushed the Kingdom's budget deficit higher were crude oil, vehicles, motorcycles, cereals, and iron.
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge
- Jordan raises $400M for first phase of Red-Dead project
- Tunisia 2020 investment conference: 145 mega projects on offer