The Jordanian trade deficit decreased in January of 2020 to 587.7 million dinars or 23.2 percent, compared to the same period in 2019.
The General Statistics Department revealed in its monthly report on foreign trade in Jordan that the value of total exports during January of this year amounted to 500 million dinars, an increase of 18.3 percent compared to the same period last year.
According to the report, the value of national exports during the month of January of the current year amounted to 433.8 million dinars, an increase of 20.6 percent compared to the same period last year, while the value of re-exports amounted to 66.2 million dinars during the month of January of the current year, an increase of 4.7 percent compared to the same period last year.
As for imports, their value amounted to 1087.7 million dinars during the month of January of the current year, a decrease of 8.5 percent compared to the period covered by the previous year. The report indicated that the percentage of total export coverage of imports amounted to 46.0 percent during January of 2020, while the coverage rate reached 35.6 percent compared to the same period last year, an increase of 10.4 percentage points.
It is noteworthy that the deficit in the trade balance represents the difference between the value of imports and the value of total exports.
Source (Al-Dustour Newspaper-Jordan, Edited)
