The monthly report of the Jordanian Department of Statistics for Foreign Trade showed that the deficit in the trade balance, which represents the difference between the value of imports and the total value of exports, was 5.888 billion dinars, and thus the deficit decreased during the first eleven months of 2020 by 17.8% compared to the same period from 2019.
According to the report, Jordan's imports of crude oil and its derivatives decreased by 48.5%, until the end of last November compared to the same period in 2019. The value of imports amounted to 1.116 billion dinars (approximately $1.56 billion) compared to 2.166 billion dinars during the same period of the year 2019.
The total value of Jordanian exports during the first eleven months of 2020 was about 5.07 billion dinars, a decrease of 5.2% compared to the same period in 2019. While the value of imports amounted to 10.958 billion dinars, a decrease of 12.4% compared to the same period in 2019.
The overall export coverage rate for imports reached 46.3% during the first eleven months of 2020, while the coverage rate was 42.8% compared to the same period in 2019, an increase of 3.5 percentage points.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
