The Jordanian trade balance deficit (the difference between the value of exports and imports) increased by 32.8 percent on an annual basis, during the first nine months of this year.
According to the (government) Department of Statistics in a statement, the foreign trade deficit increased to 8.13 billion dinars ($11.46 billion) at the end of last September, from 6.12 billion dinars ($8.62 billion) on an annual basis.
Last year, the Kingdom's trade balance deficit increased by 32 percent compared to 2020, to 8.7 billion dinars ($12.26 billion).
The value of Jordan's total exports rose 42 percent to 6.7 billion dinars (9.44 billion dollars), during the nine months of this year. While the value of imports rose during the same period by 36.8 percent on an annual basis, to 14.83 billion dinars (20.91 billion dollars), imports of oil and its derivatives accounted for nearly 18 percent of the total imports.
The oil bill rose by 67.5 percent to 2.66 billion dinars ($3.75 billion). The rise in crude oil prices has increased the kingdom's trade deficit this year, as Jordan is a net importer of crude and derivatives from abroad.
Source (Anadolu Agency, edited)
