The Jordanian trade balance deficit (the difference between the value of exports and imports) increased during the first half of this year by 24.6% on an annual basis.
According to the Department of Statistics (governmental), the foreign trade deficit rose to 3.7 billion dinars ($5.2 billion) at the end of last June, from 3.04 billion dinars ($4.2 billion) on an annual basis. The rise comes with the return of domestic demand for consumption to its levels in 2019, after a decline in 2020, in conjunction with restrictions imposed by the Kingdom due to the outbreak of the Corona pandemic.
The value of the Kingdom's total exports increased by 19.6 percent to 3.01 billion dinars (4.24 billion dollars) during the first six months of this year. On the other hand, the value of imports during the same period increased by 22.3 percent on an annual basis, to 6.8 billion dinars (9.5 billion dollars). The oil bill recorded an increase of 3.1 percent to 729.2 million dinars ($1.02 billion), from 707 million dinars ($996.8 million) compared to the same period in 2020.
Source (The New Arab Newspaper, Edited)
