AMMAN —
Jordan's trade deficit, a measurement of the
disparity between the value of imports and total exports, decreased by 2.7
percent during the first quarter of 2023, settling at JD2.94 billion in
comparison to JD3.023 billion in the corresponding period of 2022, as revealed
by official figures released on Monday.
اضافة اعلان
According to the monthly report issued by the
Department of Statistics (DoS), encompassing
foreign trade data, total exports witnessed a
2.3 percent increase in the January-April period of 2023, reaching JD2.872
billion compared to JD2.809 billion recorded in the same period last year.
National exports surge by 4%
The data, carried by the Jordan News Agency, Petra, further
highlights that
Jordan's national exports experienced a significant rise of 4
percent during the first quarter of 2023, totaling JD2.682 billion in
comparison to JD2.579 billion reported in the same period of the previous year.
The value of re-exports by the end of April stood at JD190
million, indicating a decline of 17.2 percent compared to the JD230 million
recorded during the corresponding period last year.
Imports demonstrate a slight downturn of 0.3%
In terms of imports, their value amounted to JD5.813
billion, indicating a slight decrease of 0.3 percent compared to the same
period in the previous year, which stood at JD5.832 billion.
The report reveals that
total exports in April 2023
experienced a decline of 11.8 percent, amounting to JD652.6 million compared to
the figure reported during the same month of the previous year.
Similarly, national exports in April dropped by 11.9 percent
to JD605.8 million compared to the corresponding period last year.
The value of re-exports in April of the current year reached
JD46.8 million, indicating an 11 percent decrease compared to the same period
of the previous year. Meanwhile, imports amounted to JD1.299 billion, showing a
decrease of 16.5 percent compared to the same month last year.
During April 2023, the
trade balance deficit narrowed to
JD646.5 million, showcasing a decline of 20.8 percent compared to the same
month of the previous year.
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