The Jordanian trade deficit decreased during the first quarter of 2020, to reach 1627.2 million dinars or 15.3 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 the first quarter of this year increased by 2.3 percent, reaching 1373.2 million dinars, compared to the same period last year.
According to the report, the value of exports increased during the first quarter of this year by 7.5 percent, amounting to about 1193.3 million dinars compared to the same period last year, while the value of re-exports decreased by 22.8 percent, reaching 178.9 million dinars during the first quarter of this year compared to the same period last year. As for imports, they amounted to 3000.4 million dinars during the first quarter of this year, a decrease of 8.1 percent, compared to the same period last year.
According to the report, the coverage rate of total exports of imports amounted to 45.8 percent during the first quarter of this year, while the coverage rate was 41.1 percent, compared to the same period last year, an increase of 4.7 percentage points. As for the monthly level, the value of national exports to Jordan reached 340.4 million dinars during the month of March, compared to 385.6 million dinars during the same month last year, which indicates a decrease of 11.7 percent.
It is noteworthy that the deficit in the trade balance represents the difference between the value of imports and the value of exports.
Source (Al-Dustour Newspaper-Jordan, Edited)
