Jordan trade deficit on the rise
The statistical data issued Monday by the Jordanian Department of Statistics indicate that the value of the Kingdom's exports reached JD 384.2 million (US$538 million) during January 2011. This means an increase of 18.3% compared with January 2010.
Meanwhile, the value of re-exports has reached JD 75.1 million with an increase of 18.6% compared with the same period of 2010. The Jordanian imports reached JD 1134.2 million (US$1588 million) during January 2011, thus increasing by 40.8 % compared with the same period of 2010. Accordingly, the total exports have reached JD 459.3 million during January 2011, therefore growing by 18.3% compared with the same period of 2010.
The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has reached JD 674.9 million in current prices; therefore, the deficit has increased during January 2011 to 61.6% compared with the same period of 2010. As a consequence, the imports coverage by exports stood at 40.5%, while it was 48.2% for the same period of 2010, which means a decrease by (7.7%) percentage points.
As for commodities, the main exported items that witnessed an increase in their export value were clothes and its related accessories, vegetables, crude potash and crude phosphate. Meanwhile, there was a decrease in the value of Jordan’s exports of pharmaceutical products and fertilizers. As for the imported commodities, there was an increase in the imports value of crude oil, machinery, machine tools and accessories, plastics and its products and iron and its products. Meanwhile there was a decrease in the imports value of machines, electric appliances and its parts, vehicles, motorcycles and its parts.
- Oman’s Duqm tourist complex moves forward with government approval
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue