Amman - Jordan's total exports increased by 4.8% from the beginning of the year through the end of September, reaching a total value of JD 7.064 billion, up from JD 6.738 billion during the same period last year, according to the latest data from the Department of Statistics.
اضافة اعلان
National exports, a key component of total exports, also saw a growth of 2.7% during the same period, totaling JD 6.413 billion, compared to JD 6.246 billion in 2023. Meanwhile, the value of imports rose by 0.8%, reaching JD 14.012 billion by the end of September, compared to JD 13.894 billion for the same period in 2023.
Re-exports, which represent goods exported from Jordan after being imported, totaled JD 651 million, reflecting a significant 32.3% increase from JD 492 million in the same period last year.
As a result of these changes, the trade deficit, defined as the difference between the value of imports and total exports, narrowed by 2.9% to JD 6.948 billion, compared to JD 7.156 billion in 2023.
The coverage ratio of total exports to imports reached 50% by the end of September 2024, an improvement from 48% during the same period last year. This 2 percentage point increase signals a more balanced trade position.
Looking at monthly figures, total exports for September amounted to JD 836 million, a 23.3% increase compared to September 2023. National exports rose by 22.8% to JD 769 million, while re-exports grew by 28.8% to JD 67 million. Imports during September amounted to JD 1.554 billion, a modest increase of 0.8% from the same month last year, with the trade deficit for September standing at JD 718 million, a 16.8% decrease compared to the previous year.
The coverage ratio of total exports to imports in September reached 54%, a notable improvement from 44% in September 2023, reflecting a stronger performance in Jordan's export sector.
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