Jordan’s Trade Deficit Jumped 40 percent in January
The Jordanian trade deficit jumped by 40 percent in January compared to the same period a year ago, from JD66 million to JD92.5 million, Jordan Times reported Sunday, quoting official data released on Saturday.
Citing the department of statistics monthly report, the paper said a 22 percent rise in exports coupled with a 125 percent rise in re-exported goods could not offset a 39.7 percent surge in imports during the period in comparison.
A total of JD39.4 million in oil imports, JD24.5 million in purchases of vehicles and spare parts and JD21 million paid for machinery, saw imports soar to JD212 million in January 2001 against JD151.5 million in the same month the year before, it added.
Overall exports increased to JD86 million from JD70.5 million, while re-exported goods jumped to JD33.3 million from JD14.8 million. The report added that the leap in re-exported goods was mainly due to the rise in the value of re-exported cars, from JD2.5 million to JD7.7 million – Albawaba.com