Jordan's trade balance deficit fell by 3.7 percent in the first eight months of this year compared to the same period last year.
Data from the Jordanian Department of Statistics showed that the value of the deficit since the beginning of the year until the end of August reached 5.8 billion dinars (8.1 billion dollars) compared to $ 8.5 billion dollars in the corresponding period last year. Jordan's import and export bill for oil and gas increased by 42 percent due to rising prices to reach about $ 2.8 billion dollars, compared to $ 1.9 billion dollars in the corresponding period last year.
The ratio of total export coverage to total imports remains low at 37.8 percent, despite rising from 36.2 percent in the same period last year.
The data showed total exports to Jordan value rose in 8 months by 2.9 percent to $ 4.9 billion dollars at a time were imports fell by 1.3 percent to about 13.2 billion dollars.
Source: (Alarab UK newspaper, edited)
