AMMAN – The trade deficit decreased by 11 percent during the
first nine months of 2023 compared to the same period in 2022, with a coverage
ratio of total exports to imports was 49 percent during the first nine months
of 2023, compared to 47 percent during the same period in 2022, according to
the monthly report on Jordan's foreign trade statistics by the
Department of Statistics (DoS), as reported by Al-Mamlaka TV.
اضافة اعلان
The report added that the total value of exports in the
first nine months of this year reached JOD 6.764 billion, with national exports
at JOD 6.272 billion. The value of re-exports was JOD 492 million, according to
the monthly report on Jordan's
foreign trade statistics by DoS.
It also stated that the value of imports during the same
period was JOD 13.842 billion. Thus, the trade deficit (the difference between
total exports and imports) amounted to JOD 7.078 billion in the first nine
months of 2023, compared to JOD 7.957 billion in the same period of 2022.
The national exports decreased by 2 percent, Imports
decreased at a faster rate of 7 percent, and the re-exports decreased by 7.3
percent – from 2022 to 2023
The coverage ratio of total exports to imports was 49
percent during the first nine months of 2023, compared to 47 percent during the
same period in 2022, an improvement of 2 percentage points. Meanwhile, the
monthly trade in Jordanian dinars, the total value of exports in September 2023
was JOD 680 million. National exports were JOD 628 million, and re-exports were
JOD 52 million. Imports amounted to JOD 1.546 billion, resulting in a trade
deficit of JOD 866 million in September 2023.
Total exports in September 2023 decreased by 17.1 percent
compared to the same month in 2022, with national exports and re-exports
decreasing by 17.6 and 10.3 percent, respectively. Imports decreased by 14.7
percent, and the trade deficit decreased by 12.7 percent. The coverage ratio of
total exports to imports was 44 percent in September 2023, compared to 45
percent in September 2022, a decrease of 1 point.
In terms of the commodity composition of major exports,
items like Jewelry and Pharmaceuticals, this helped mitigate the decline. For
imports, Crude Oil, Jewelry and Precious Metals contributed to the decrease in
import values.
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